Louisa and Ray are evaluating the amount of recess time that should be given in the next school year at a new combined school fo
r children from School A and School B. Louisa has a report that says over the last year children had no recess time at School A. Ray has a report that children had 60 minutes of recess time each day. Due to anchoring, Louisa is likely to give a recommendation that is:
The concept of anchoring refers to a cognitive bias in which the individual in question depends greatly on the first piece of information that they have seen when making a decision. Therefore base on this and the scenario described in the question it can be said that Louisa is likely to give a recommendation that is lower than Ray's, because the first information that she saw was that School A had no recess.
All people and situations are different, which is what choice c is indicating. The correct answer is that not all techniques work well for all people in all situations.
Based on the amount that Jim deposited and the interest paid per year on the account, withdrawing in two equal amounts would require an amount of <u>$530 per year. </u>
<h3>How much should Jim withdraw per year?</h3><h3 />
Assuming the amount that can be withdrawn is x, the relevant formula would be: