A Plot of Data That Results in One Extreme Observation

question 150

Multiple Choice

A plot of data that results in one extreme observation most likely indicates that ________.

• A) more than one cost pool should be used
• B) an unusual event such as a plant shutdown occurred during that month
• C) the cost-allocation base has been incorrectly identified
• D) individual cost items do not have the same cost driver

Recognize the impact of the Flynn effect on intelligence testing.

Analyze differences in brain physiology and predict implications for information processing capacity.

Compare and contrast various theories of intelligence, including Spearman, Gardner, and Sternberg.

Identify biases and validity issues in intelligence testing.

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Definitions:

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.

Overconfidence Effect

The cognitive bias where an individual's subjective confidence in their judgments is greater than their objective accuracy.

Availability Heuristic

A cognitive shortcut based on the first examples that surface in one's thoughts when considering a particular topic, idea, strategy, or choice.