A Small Company Has Either a Good Day of Sales

question 43

Multiple Choice

A small company has either a good day of sales with an average of $50,000 or a bad day with an average of only $10,000 for the day.To simulate these outcomes,random numbers from 00 to 99 should be assigned with the intervals determined from the frequency distribution.If,during the last 50 days,that the vendor had 15 good days and 35 bad days,which of the following is a correct random number interval for a bad day?

• A)00 to 49
• B)15 to 35
• C)30 to 99
• D)15 to 99
• E)00 to 60

Interpret the relationship between dispersal abilities and speciation rates.

Assess the significance of the Biological Species Concept in determining species boundaries.

Analyze the role of sexual selection and dietary specialization in speciation.

Apply species concepts to practical examples of speciation and biodiversity.

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Definitions:

Base-Rate Information

Statistical information about the general frequency of an event or characteristic within a relevant population.

Availability Heuristic

A quick mental approach that depends on the first examples that are thought of when assessing a particular subject, idea, technique, or choice.

Critical Thinking

The ability to analyze facts, generate and organize ideas, defend opinions, make comparisons, draw inferences, evaluate arguments and solve problems.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.