Buyline is an e-commerce Web site. It has come up with a promotional offer where buyers get a 60 percent discount on refrigerato
rs if a minimum of 100 buyers agree to buy the product within 24 hours of the offer being announced. In this case, it is evident that BuyLine is a _____. a.peer-to-peer e-commerce platform
b.social networking site
c.participatory e-commerce site
d.group buying platform
Group buying platform is a kind of online buying platform that offers products and services at significantly reduced prices on the condition that a specific number of buyers would make the purchase. In group buying, a minimum number of buyers that are expected to make purchase are clearly stated and it usually has a time frame
Explanation: 17 years old is not old enough to have a child. When a person is 57 years old, their child is likely to be around 17 or 18 years old, 40 years younger. Having a child at 40 years old is probably the oldest age out of the ages listed.
Overconfidence effect is a kind of bias whereby individual's subjective confidence in their own abilities is greater than the objective or actual performance accuracy of those abilities. During surveys, respondents usually have this kind of bias. An example is the one stated in the question whereby average people tend to fill that they are "above average" on certain features like intelligence and perceptiveness. It is a common bias as individuals usually assume that they are better than their real ability by overestimating those abilities inherently.
