Answer:
The opportunity cost is the value of the Free ticket fee, the pleasure you would derive from going to your favorite venue, and the joy in seeing your favorite artist.
Explanation:
Opportunity cost is defined as the value or benefit of the forgone alternative in the course of making a decision. In this case, you are either faced with enjoying yourself at the event where your best artist will be performing at your favorite venue and at no cost and then performing badly on your ECON test on Friday, or sit back and study on Thursday so you can pass your test and then forget the event. Hence once you choose to study, the opportunity cost is the value of the ticket fee, the pleasure you would derive from going to your favorite venue, and seeing your favorite artist. Missing an autograph from your favorite artist can also be considered part of the opportunity cost.
Answer:
C. factor analysis.
Explanation:
Factor analysis: The term factor analysis is referred to as a statistical method that is used to demonstrate the variability of the correlated, observed variables concerning the possibly unobserved variables of lower number knows as factors.
Factor analysis examines joint variations concerning latent unobserved variables.
In other words, factor analysis is used to identify questions in any survey that reflect abstract variables or broader dimensions known as factors that are independent of one another.
Answer:
<u>Option-(A,C): </u> A qualitative statement made by an expert when presenting evidence is a subjective statement corroborated by statistics, and it is supported by the extensive research with peer review.
Explanation:
- As the different professionals or research workers are required to provide with the most valid and possible results based on the subjective statements corroborated by the statistical information or set of data collected by the different number of individuals inside a given area or region.
- Along, with which the different procedures are carried to consider the set of data or information for having a better set of conclusions in a more valid and professional way.
Answer:
the representative heuristic.
Explanation:
While confronted with confusion people often attempt to make a decision, by relying on a mental shortcut described as heuristic representatives. Heuristics are used we make quick decisions using past experiences. While these shortcuts may accelerate the process of decision making, it may also result in faulty choices and stereotypes. As per the question, Piper used heuristic to quickly judges the person.
<span>Arlene's planned ignoring an lack of reaction to the crashing noise and commotion that she heard from behind a closed door marked "staff only" is an example of the bystander effect.</span>
