Which One of the Following Is the Tendency to Believe

question 67

Multiple Choice

Which one of the following is the tendency to believe that random events that occur in clusters are not really random?

• A)clustering illusion
• B)sequential clustering
• C)random grouping
• D)representativeness heuristic
• E)gambler's fallacy

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Definitions:

Global Coffee Beans Producer

An entity or country engaged in the large-scale cultivation and export of coffee beans across the world.

Focus Strategy

A business approach where a company concentrates its resources on entering or expanding in a narrow market or industry segment.

Financial Services

Industries and businesses that manage money, including banks, investment companies, insurance companies, and real estate firms.

Per Capita Income

The average income earned per person in a specific area or country in a specified year.