Examlex
Chesnee is analyzing census data,looking for demographic segments that she can target for her new insurance products.For Chesnee,what are the advantages of using census data?
Heuristics
Mental shortcuts or rules of thumb that simplify decision making by reducing the complexity of assessing probabilities and predicting outcomes.
Heuristics
Cognitive shortcuts or rules of thumb that simplify decision making.
Mental Set
A tendency to approach situations in a certain way because that method has worked in the past, potentially limiting problem-solving abilities.
Accuracy
The degree to which a measurement or calculation reflects the true value or correct result.
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