Multiple Choice
Suppose you hypothesized that the average salary in the company is $75,000. You then collect a sample of salaries for employees of the company. Using statistical theory, you know that, if the average salary is $75,000, then the probability that your sample average is above $90,000 or below $60,000 is 0.05. If you observe an average salary of $91,000:
A) you make the inductive argument that the probability that your sample average is above $90,000 or below $60,000 is not 0.05. The strength of this argument is 5%.
B) you make the deductive argument that the probability that your sample average is above $90,000 or below $60,000 is not 0.05. The strength of this argument is 95%.
C) you make the inductive argument that the average salary in the company is not $75,000. The strength of this argument is 95%.
D) None of the answers is correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Given that an individual's presence at the
Q24: Suppose a fellow consultant claims that regional
Q25: Which is not a primary component in
Q26: Suppose we are proving the statement that
Q27: Believing that all investment funds consistently beat
Q29: Which of the following is an example
Q30: Your boss claims that customers who call
Q31: Suppose a colleague claims that if the
Q32: The process of forming conclusions, judgments, or
Q33: When making a claim via inductive reasoning,