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In an Experiment, Participants Were Told of a Previously Unknown

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In an experiment, participants were told of a previously unknown tribe living on a Pacific island. Only one member of this tribe had been observed so far, and he was found to be obese. When asked how likely it was that all members of the tribe were obese, participants were unwilling to extrapolate this information. This shows that participants


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Employed Wage

The compensation or earnings received by an individual in exchange for performing work or services as an employee.

Salary Workers

Employees who are paid a fixed amount of money or salary, rather than being paid hourly.

Productivity

The measure of efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Efficiency

The extent to which resources are used in the best possible way to produce goods and services.

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