Heuristics are often described as mental shortcuts. The failing to consider the law of large numbers most likely results in errors concerning the representativeness heuristic.
- Representativeness heuristic is simply known to be the act of approximating the probability of an event by contrasting it to an existing prototype that may have been existing in our minds.
This prototype is known as the things we think that is more important. It can be said to be a mental shortcut that people use when estimating the likelihood of a thing occurring.
The representativeness heuristic often take into consideration the law large numbers that shows the outcome of carrying out the same experiment a large number of times.
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Failing to consider the law of large numbers most likely results in errors concerning
a. confirmation bias
b. the falsification principle
c. the representativeness heuristic
d. utility
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brainly.com/question/8782999
It made it easier to transport materials to all of the cities
Answer:
the current price is below the equilibrium price.
Explanation:
At this point where quantity demanded (2,000 units) is greater than quantity supplied (1,000) units, then there is shortage in the market, which means, the current price/ market price is below the equilibrium.
Price equilibrium is a term that describes the point at which the quantity supplied equals quantity demanded. It is represented on a graph, where the curve of demand quantity intersects with supply quantity.
Answer:
<u>Random Sample</u>
Explanation:
The Random Sample is a method that consists of randomly selecting a portion (a sample) from a population that is being studied, in order to collect specific data from that population. Such a representative sample is meant to be unbiased because all individuals have the same opportunity of being chosen (they are chosen by chance). Therefore, when, starting at a random point, researchers contact every hundredth person on the voter list to ask about candidate facial expressions, they are using the Random Sample technique.