With the Data for Selected Years from 1920 to 2007

question 6

Multiple Choice

With the data for selected years from 1920 to 2007, the life span of individuals in a country can be modeled by where x = 0 represents 1900. Find the predicted average life span from 2040 to 2055. Round your answer to the nearest year. ​

• A) 120 years
• B) 137 years
• C) 84 years
• D) 270 years
• E) 47 years

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Definitions:

Behavioral Finance

A field of finance that proposes psychology-based theories to explain stock market anomalies.

Reasoning Errors

Mistakes in logical thinking or incorrect conclusions drawn from evidence or assumptions.

Financial Decisions

Decisions made by individuals or companies relating to managing money, including investment choices, budgeting, borrowing, and saving.

Overconfidence

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