Disclosing Information in More Usable Ways to Decision-Makers

question 36

Multiple Choice

Disclosing information in more usable ways to decision-makers:

• A) can decrease the occurrence of rational ignorance in decision-making.
• B) can nudge people toward making better decisions.
• C) has been useful to organizations like the EPA in getting desired outcomes, like people deciding to buy more gas-efficient cars.
• D) All of these statements are true.

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Definitions:

Z-score

A measure of how many standard deviations an element is from the mean of its distribution.

Standard Normal Curve

A specific instance of a normally distributed curve where the mean is 0 and the standard deviation is 1.

Percentile

A statistical measure indicating the value below which a given percentage of observations in a group of observations fall.

Right-Skewed

Describes a distribution of data where the tail on the right side of the histogram is longer or fatter than the left side, indicating that the mean and median are greater than the mode.