If You Knew That Only One Per Cent of Inventors

question 42

Multiple Choice

If you knew that only one per cent of inventors actually have a handsome income you would have an example of:

• A) representativeness.
• B) the illusory correlation.
• C) regression to the mean.
• D) base-rate information.

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Definitions:

Downturn

A decline in economic, business, or sectoral activity, often leading to reduced output, layoffs, and a contraction of the market.

Relationship Commitment

The level of dedication and loyalty one partner holds towards another in a romantic relationship.

Attractive Single

Typically denotes an unmarried individual who is considered physically appealing or desirable by societal standards.

Happily Married

Being happily married refers to a state in which spouses experience a deep sense of satisfaction, well-being, and contentment in their marital relationship.