The Textbook Problem of How Many Socks to Take Out

question 27

Multiple Choice

The textbook problem of how many socks to take out of a drawer to get a matched pair when the drawer contains a four to five mixture of white and black socks requires the reader to realize that the four to five mixture is irrelevant information and that only relevant information is that there are two colors of socks.Getting the correct answer of three socks requires the reader to first use which of Sternberg and Davidson's insight abilities?

• A)selective combination
• B)selective attention
• C)selective comparison
• D)selective encoding

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Definitions:

Minimizing Losses

A strategy or approach adopted by businesses or individuals aiming to reduce the amount of money lost in operations or investments.

Output

The total quantity of goods or services produced by a company, industry, or economic system.

Price

The amount of money required to purchase a good, service, or asset, determined by factors like supply and demand, production costs, and market competition.

Economies Of Scale

The cost advantage that arises with increased output of a product, where the cost per unit decreases as production expands.