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kondaur [170]
3 years ago
6

A student who works at a record store and plays in a rock band thinks for a minute about his own music-purchasing habits, and th

en makes a quick guess about the number of other students who buy more than 30 CDs a year. He grossly overestimates. He has probably applied the
Business
1 answer:
Norma-Jean [14]3 years ago
5 0

Answer:

The correct answer is anchoring and adjustment heuristic.

Explanation:

It is a cognitive bias that describes the common human tendency to rely too much on the first piece of information that is offered when making decisions: the "anchor." It is also known as the "focus effect." During decision making, anchoring occurs when people use an initial piece of information to make subsequent judgments. Once the anchor is fixed, the rest of the information is adjusted around the anchor position incurring a bias.

For example, the initial price offered by a used car sets the standard for the rest of the negotiations, so prices lower than the initial price seem more reasonable even if they are still higher than what the car really is worth. Similarly if you ask about the population of Ukraine: "Is it greater than or less than one hundred million people?", The answers will vary, but in general they will be somewhat less than that figure. However, if the question were: "Is the population of Ukraine greater or less than twenty million people?", The answers will vary, but the average number of responses will not change much compared to the initial anchor. That is, it starts from the "anchor value" and an adjustment is made ... which is usually in the right direction but of insufficient magnitude.

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What is the principle of quality? What is the principle of quantity? Give an example in which a physical activity professional w
QveST [7]

Answer:

The principle of quality states that the experiences that engage us in the most critical components of an activity are most likely to increase our capacity to perform that activity. Critical components are the elements of an activity that are most important for performing it at a high level. To be really good at an activity, you must focus on what factor you need most and improve that area.The principle of quantity states that when all other factors are equal, increasing the frequency of our engagement with the critical components of an activity usually  

results in the largest performance improvement in that activity. Generally, the performer whose experiences have engaged her most often in the critical components of an activity usually becomes the most competent in that activity.A physical activity professional asked to create a plan to decrease the time in a marathoner’s performance would begin by conducting a analysis. The critical components in this activity relate to physical performance capacity more than skill.  

Explanation:

4 0
3 years ago
Obviously if the model wants to upgrade the kitchen, it should be done by either the landlord or a subcontractor. As he creates
RSB [31]

Answer:

a. x3+x4<=1

Explanation:

We need a multiple choice constraint. Constraint x3+x4 <= 1 states that only one of the 2 options of landlord or contractor working on kitchen tiles can be used. (Assuming x3, x4 are binary variables)

Hence if x3 = 1, x4 is 0, and if x4=1, x3 becomes 0. Please note, there is no constraint in question specifying that kitchen tile has to be done. Hence, both x3 and x4 can be 0 depending on cost optimization, and x3+x4<=1 will still hold correct.

7 0
4 years ago
One possible negative effect of texting and other forms of instant messaging is that
lord [1]
One possible negative effect of texting and other forms of instant messaging is that these mediums usually very often lend itself to miss communication. Only 7 percent of communication is carried through the written word and this lead to mixed messages. One reason for the development of emoticons was to remedy this drawback of instant messages. 
6 0
4 years ago
Snacknow, a food service firm, is calculating its monthly productivity report. From the following raw data calculate the labor p
omeli [17]

Answer:

Explanation:

Labor productivity = Total output/ Total Input  

Labor rate = $10. Labor hours = 1,000

So total labour input = 1,000*10= 10,000.

Materials and energy cost input = 2000+500

⇒ total input = 10,000+ 2000+500= 12500

Total output (units produced) = 10,000

Labor productivity= 10,000/12500= 0.80

5 0
3 years ago
You notice a european call and a european put on a stock have the same strike price and time to maturity on an options exchange.
Ghella [55]

Answer: b. The put price decreases to $3.50

Explanation:

Put - Call Parity refers to the relationship that a certain European Put has with a European Call of the same underlying asset, strike price, and expiration date.

If Put - Call Clarity holds then the options and the calls should move together when Volatility changes all else being equal.

In the above scenario, the price of the call DROPPED by $0.5 to $2.50.

This means that the Put Price must DROP AS WELL by $0.5 to $3.50 to maintain the Parity.

8 0
3 years ago
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