Fred Had a Tight Work Deadline

question 29

Multiple Choice

Fred had a tight work deadline.Although the project was time-consuming with a lot of unexpected "twists and turns," he felt sure he would have his project completed by the deadline.As it turned out,he was three days late.Fred has exhibited

• A)anchoring bias.
• B)overconfidence bias.
• C)confirmation bias.
• D)availability bias.
• E)escalation of commitment.

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Definitions:

Mean

The measure that sums all values in a dataset divided by the number of values, representing the central tendency.

Scores

Numerical values assigned to individuals or items for the purpose of quantifying attributes or performances.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the individual values deviate from the mean of the values.

Mean

The arithmetic average of a set of numbers, calculated by summing them all up and dividing by the number of numbers.