3.92 / 100 ஃ 3.92 = 0.0392%
When asked to guess whether Mark is from Montana or California, you guess California because more people live in California. You have used "base rate information" in making your decision.
<h3>What is Base Rate in Psychology?</h3>
Base rate is the frequency of a phenomenon that naturally occurs in a population. Using base rate information, rational decisions are made taking into account the general occurrence in a larger population in favour of the specific incidence in a particular case.
Effects of base rate information are-
- Base rate fallacy, as used in behavioural finance, is the propensity for people to incorrectly assess the likelihood of a situation by ignoring all pertinent information.
- Investors may instead place a greater emphasis on recent information without taking into account how this affects their initial hypotheses.
To know more about the characteristics of an annual percentage rate, here
brainly.com/question/11686424
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The base assumption is that if global warming continues on its current trajectory, many of the islands in the Pacific region and many of the coastal regions around the world will cease to exist and will return to the sea.
You say "Im glad you had a nice time, I did as well we should do it again sometime." Or if you weren't with them, "Im glad you had a nice time, tell me about it?"
This is a weird question lol
What do you mean ???
I didn't get you please can you explain...
