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The population of lengths of aluminum - coated steel sheets is normally distributed with a mean of 30.05 inches and a standard deviation of 0.3 inches.What is the probability that average length of a steel sheet from a sample of 9 units is more than 29.95 inches long?
Diagnosis
The identification of the nature of an illness or other problem through examination of the symptoms and sometimes involving diagnostic tests.
Anchoring Effect
A cognitive bias where individuals rely too heavily on an initial piece of information (the "anchor") when making decisions.
Base Rate Fallacy
A cognitive bias where individuals misjudge the likelihood of an event due to ignoring general statistical information in favor of specific information.
Availability Heuristic
describes a cognitive bias where individuals estimate the likelihood of an event based on how easily examples come to mind.
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