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Lemur [1.5K]
2 years ago
14

If 25 consecutive tosses of a fair coin have all been heads, some individuals tend to think that the next one "must be heads." T

his is an example of the fallacy. continuum gambler's hot-hand broken-window O definist If 12 consecutive tosses of a fair coin have all been tails, some individuals tend to think that the next one "must be tails." This is an example of the fallacy. gambler's hot-hand masked-man dealer's casino's
Business
1 answer:
balu736 [363]2 years ago
4 0

Answer:

Gambler's hot-hand

Explanation:

This fallacy appears when individuals belief that in a small series the sample will be disproportioned to the actual odds and thus, not correlated. This means the person will expect a given result (heads for the first and tails for the second) will continue with a long-streak ("hot-hand")

This fallacy comes from people that state random small sequences will disclosure a higher deviation than greater sequences and thus, higher streak of one result over another.

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Which of the following are consistent with the efficient markets hypothesis? Check all that apply. You should spend several hour
denis23 [38]

Answer:

1. Stock markets reflect all available information about the value of stocks AND

2. Changes in stock prices are impossible to predict.

Explanation:

The characteristics that are consistent with the efficient markets hypothesis are that

1. Stock markets reflect all available information about the value of stocks

<em>By definition efficient markets are those whose asset prices reflect all available information.</em>

2. Changes in stock prices are impossible to predict.

<em>The efficient market hypothesis has been described as a backbreaker for forecasters. In its crudest form it effectively says that the returns from speculative assets, are </em><em><u>unforecastable</u></em><em>.</em>

3 0
2 years ago
Brooks Corporation has a Food Services department that provides food for employees in all other departments of the company. For
blsea [12.9K]

Answer:

the amount that should be charged for the other department is $60,000

Explanation:

The computation of the amount that should be charged for the other department is shown below:

= Variable cost per meal × number of meals

= $4 × 15,000 meals

= $60,000

hence, the amount that should be charged for the other department is $60,000

So the same would be relevant

6 0
3 years ago
Which journal entry reflects the adjusting entry needed on December 31?:In November, BOC received a $5,000 cash deposit from a c
Kryger [21]

Answer:

No adjusting entry required

Explanation:

When the contract was formed and advance was received the company must had recorded the following entry:

Dr Cash Account    $5000

Cr Unearned Revenue $5000

Now it is the year end and till now the goods are not delivered which means advance that was received is still our unearned revenue So no further entry is required until the delivery of the goods ordered to the customer.

Correct entry is "No adjusting entry required"

7 0
2 years ago
Suppose economic conditions call for a tax increase but Congress does not implement this measure because an election is approach
Daniel [21]

Answer:

Implementation lag

Explanation:

there are four types of lags associated with fiscal policy

Administrative lag is the time it takes to enact the needed policies. Operational lag is the time it takes for the policy to be enacted to the time the effects are felt in the economy

Recognition lag is the amount of time it takes for authorities to recognise a problem in the economy that needs fiscal policy intervention.

Implementation lag is the amount of time it takes for fiscal policy decisions to be implemented.

3 0
3 years ago
Many politicians have degrees in business or law. true or false?
Andrei [34K]

The answer is mostly True.

4 0
3 years ago
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