Cars Are Arriving at a Toll Booth at a Rate

question 101

Multiple Choice

Cars are arriving at a toll booth at a rate of four per minute. What is the probability that exactly eight cars will arrive in the next two minutes?

• A)0.0349
• B)0.1396
• C)0.9666
• D)0.0005

Evaluate the impact of language and cognitive biases on social judgments and stereotypes.

Understand the influence of cognitive biases and heuristics on decision-making and perception.

Distinguish between different types of cognitive biases and heuristics.

Recognize the role of probability and risk assessment in decision-making processes.

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Definitions:

Dormant Stakeholder

An individual or entity with an interest in a company but who is currently inactive or not engaging in its affairs.

Demanding Stakeholders

Individuals or groups with an interest in a company's performance who have high expectations and requirements that can influence management decisions.

Urgency Attribute

A characteristic or quality related to the need for quick or immediate action.

Dangerous Stakeholders

Individuals or groups that can pose a risk to a project or business due to their influence or actions.