Anchoring and adjustment is relevant when we estimate confidence intervals because
a. we are overconfident about the adjustment process.
b. we rely too heavily on the anchor.
c. we make adjustments in our estimates that are larger than they should be.
d. we should apply the adjustment prior to the anchor.
Ans: b
You might also like to view...
The average life expectancy in the United States has gone up 30 years since 1955
Indicate whether the statement is true or false.
Suppose that where you work, people often fail to recycle. In the copy room, for example, there is both a recycling box and a trash bin, and many people put used paper in the trash instead of the recycling box
Which of the following is most likely to get people to recycle more? a. Put up a sign that says, "Many of you are putting paper in the trash—please recycle it instead." b. Put up a sign that says, "Please recycle. We're already doing better than other units in the company, but there is room to improve." c. Set an example by cleaning up the copy room and putting all the paper that was in the trash bin into the recycling box. d. Put all the paper that was in the trash bin into the recycling box, except for one big, noticeable paper product (e.g., a poster) into the trash bin.