Question: A) Options: Approx normal Exactly normal May or may not be normal Is certainly skewed B) Options: Approx normal Exactly normal Not normal Left skewed

A) Options: Approx normal Exactly normal May or may not be normal Is certainly skewed B) Options: Approx normal Exactly normal Not normal Left skewed Right skewed

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2. Find out if there are other reference points that can be used as reasonable alternatives.

1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.