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A quality manager is developing a regression model to predict the total number of defects as a function of the day of week the item is produced.Production runs are done 10 hours a day,7 days a week. The dependent variable is ______.
Limited Information
A scenario where decision-makers have only a partial view or incomplete data about a situation or problem.
Heuristics
Mental shortcuts that allow people to solve problems and make judgements quickly and efficiently.
Availability Heuristic
Availability heuristic is a mental shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.
Anchoring and Adjustment
A psychological heuristic where initial information serves as a reference point for subsequent judgments and decisions.
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