When asked to guess whether Mark is from Montana or California, you guess California because more people live in California. You have used "base rate information" in making your decision.
<h3>What is Base Rate in Psychology?</h3>
Base rate is the frequency of a phenomenon that naturally occurs in a population. Using base rate information, rational decisions are made taking into account the general occurrence in a larger population in favour of the specific incidence in a particular case.
Effects of base rate information are-
- Base rate fallacy, as used in behavioural finance, is the propensity for people to incorrectly assess the likelihood of a situation by ignoring all pertinent information.
- Investors may instead place a greater emphasis on recent information without taking into account how this affects their initial hypotheses.
To know more about the characteristics of an annual percentage rate, here
brainly.com/question/11686424
#SPJ4
<span>This is because the South had paid off about 83% of their
debt and saw the plan as a way of relieving the North of its debt payments as they
were trailing behind while the South had paid most of its debts. They did not want to pay more than they have
to.</span>
Answer:
i think the answer is a
Explanation:
please give me brainliest hope this helps:)
Answer:
Territorial expansion of Russia
Explanation:
The territorial expansion of Russia began from 1500 with military conquest and by ideological and political unions in over five centuries until 1900. Expansion of Russia began from Khanate of Kazan in 1552 by Ivan the Terrible. In the late 18th century, Russia conquest Siberia. Territories from the Ottoman Empire and Poland took during the reign of Catherine the Great. Some of the other areas that add under the empire were Alaska, Eastern-Georgia, Azerbaijan, Armenia, Kazakhstan, Uzbekistan etc.
Answer:
I am pretty sure the answer is C. all of these answers are correct
If i am incorrect then i apologize
Hope this help and have a great day :))))