Examlex
In the accompanying stem-and-leaf diagram,the values in the stem-and-leaf portions represent 10s and 1s digits,respectively. Find the frequency associated with data values that are more than 28.
Satisficing
A decision-making strategy that involves searching for and choosing an acceptable or satisfactory response to a problem or scenario, rather than an optimal solution.
Anchoring and Adjustment Heuristic
A cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (the "anchor") when making decisions.
Representativeness Heuristic
A mental shortcut people use where the likelihood of an object belonging to a particular category is assessed based on how typical that object is thought to be of the category.
Availability Heuristic
A cognitive bias that causes people to overestimate the likelihood of events based on their ability to recall similar instances.
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