Students Are Told That "2-4-6" Is One Example of a Rule;

question 27

Multiple Choice

Students are told that "2-4-6" is one example of a rule; they are asked to determine what the rule is. Many students assume the rule is "three consecutive even numbers" and fail to check whether 1-3-5 is also an example of the rule, or even 1-10-11. What mistake in reasoning have they made?

• A) reliance on availability heuristic
• B) confirmation bias
• C) reliance on representativeness heuristic
• D) failure to consider base-rate information

Learn how to manipulate and format SmartArt and other objects in Office applications.

Know how to import, export, and manage data between Excel and other applications or formats.

Grasp the basic principles of data organization and visualization in Excel.

Understand the functionalities of the Excel interface and how to customize it for personal or professional needs.

---

Definitions:

Nominal Rate

The stated or advertised interest rate on a loan or investment, not accounting for any compounding of interest within that period.

Quarterly Compounded

Quarterly compounded means that interest is calculated and added to the principal sum every quarter (three months), leading to growth in the investment or loan amount.

GIC

A financial product in Canada known as a Guaranteed Investment Certificate that promises a specific return rate for a predetermined time frame.

Compounded Semiannually

Compounded semiannually refers to the process of calculating interest on a principal sum where the interest is added to the principal twice a year, causing it to grow at an accelerated rate.