D-????? Maybe ok I’m pretty sure
The correct answer is Prospect theory effect
Prospect Theory (also called Perspective Theory) is a concept of cognitive psychology that is related to decision making in economic and financial contexts.
According to this theory, people, in general, tend to make choices based on potential losses rather than gains. In other words, the basis of the Prospectus Theory is the tendency that we all have to harbor a certain risk aversion.
Answer:
Mean of sampling distribution=3.5
Standard error of sampling distribution=0.219
Explanation:
We know that
The average of catching fish per fishing trip=μ=3.5
and
The standard deviation of catching fish per fishing trip= σ=1.2.
We have to find the mean and standard error of sampling distribution of 30 fishing trips i.e. μxbar=? and σxbar=?
Mean of sampling distribution=μxbar=μ=3.5
Standard error of sampling distribution=σxbar=σ/√n
Standard error of sampling distribution=σxbar=1.2/√30
Standard error of sampling distribution=σxbar=1.2/5.4772
Standard error of sampling distribution=σxbar=0.219
Thus, the mean and standard error for a sampling distribution of 30 fishing trips are 3.5 and 0.219.
Most people started to get interested in art.
