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SIZIF [17.4K]
4 years ago
15

In a recent meeting at​ work, Nick was asked to deliver the sales projections for the next month. Wanting to leave some room for

​ error, Nick stated he was 90 percent sure that they could meet the stated sales target for the following month. Nick is exhibiting​ ___________ bias.
A. confirmation
B. escalation of commitment
C. anchor
D. overconfidence
E. availability
Business
1 answer:
Savatey [412]4 years ago
6 0

Answer:

D. Over Confidence

Explanation:

Overconfidence bias occurs when an individual has more confidence than necessary given the fact. It is the tendency to hold a false and misleading assessments of our skills, intellect, or talent. It is an egoistic belief an individual expresses thinking he's better than he actually is. It's a false sense of their skill or self belief. Areas it's usually expressed is in timing optimism, like the one stated in the question, illusions of control and desirability effects.

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belka [17]

Answer:

2,845 units

Explanation:

To find the answer you need to consider that the profit is equal to the sales minus the costs.

Let's consider that x is the number of units sold

Sales= Price per unit*number of units sold

Sales= 37x

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55,498=37x-11x-18,470

55,498+18,470=26x

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x=73,968/26= 2,845

According to this, the answer is that they need to sell 2,845 units to make the desired profit.

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