Which of the following actions may be explained by the law of small numbers?
A. People buy lottery tickets.
B. People buy air travel insurance.
C. People purchase extended or long-term warranties or maintenance contracts for new automobiles and appliances.
D. all of the above
Answer:D
Which of the following actions may be explained by the law of small numbers?
A. People buy lottery tickets. B. People buy air travel insurance. C. People purchase extended or long-term warranties or maintenance contracts for new automobiles and appliances. D. all of the above