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
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Answer:
1. To help immigrant stay literate in their native languages.
3. To report news from the home countries.
2. To inform the public about cultural events.
3. To notify the community about political items of interest.
Explanation:
According to the paragraph, during the industrial era in the United States of America, over a thousand newspapers that were aimed to be read by the ethnic groups, were published.
These newspapers are highly valuable today because of different reasons:
- They were written in the audience's native language. Therefore, <u>they helped immigrants stay literate.</u>
- <u>They reported news from their native countries.</u>
- They informed the community about religious discussions.
- <u>They informed the public about cultural events.</u>
- <u>They notified the community about political items of interest </u>(to the ethnic groups).
Moreover, these newspapers were available in multiple languages, such as Chinese, Hebrew, Italian, Dutch, German, and Greek.
Words i believe hope this helps
<span>The reliability procedure that involves correlation of partial scores from one administration of one test is: Split half
Partial scores measure the degree of association between two variable. Since it came from two different variables, the reliability of this procedure is also split into two.</span>
Answer:
b. Choice of law clause.
Explanation:
Marshall should include a choice of law clause. This clause will allow him choose the law that would apply in any dispute that may arise. A choice of law clause is a term in contract which allows the parties in the contract to specify the law of the jurisdiction that will apply in case of any dispute.
