After Learning That the Parents of Both of Her Roommates

question 141

Multiple Choice

After learning that the parents of both of her roommates were divorced, Meghan began to overestimate the divorce rate. Meghan's conclusion BEST illustrates the misuse of the _____.

• A) availability heuristic
• B) anchoring and adjustment heuristic
• C) the conjunction rule
• D) the conjunction fallacy

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Definitions:

Smoothing Constant

A parameter used in exponential smoothing methods that determines the level of smoothing applied to the data.

Seasonal Variation

Fluctuations in data or economic activity that occur regularly based on the season or time of year.

Time Series

It is a sequence of data points indexed in time order, often used to analyze and predict future events based on past trends.

Moving Average

A calculation to analyze data points by creating averages of different subsets of the complete data set.