An Example of a Human Tendency That Is Either Present

question 81

True/False

An example of a human tendency that is either present at birth,or develops rapidly during maturation,is a preference for familiar objects.

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Definitions:

Monte Carlo Simulation

A computational algorithm that relies on repeated random sampling to obtain numerical results, often used in physical and mathematical problems.

Sales Forecasts

Predictive analysis to estimate the amount of product or service a business will sell during a particular period.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.

Overbooking

A strategy used by airlines and hotels where more tickets or rooms are sold than available, based on predicted no-shows.