________ refers to situations in which statistical probabilities can be attributed to alternative potential outcomes.
A)Optimism
B)Surety
C)Uncertainty
D)Risk
E)Heuristics

Question

Quizplus · Accepted Answer

Risk refers to situations where there are possible outcomes, and statistical probabilities can be assigned to each outcome. Uncertainty refers to situations where the probabilities of potential outcomes cannot be accurately determined. Optimism and surety do not relate to probability or potential outcomes, and heuristics refer to mental shortcuts used to make decisions, not to probabilities or potential outcomes.

________ Refers to Situations in Which Statistical Probabilities Can Be