In her research on what makes a business successful, Ann has found that the businesses with...
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In her research on what makes a business successful, Ann has found that the businesses with the highest percentage of wealthy executives are small businesses. Larger businesses have a percentages of wealthy executives that are closer to average. So, Ann decides that the structure of a smaller company allows executives more opportunities to communicate with each other and this has a wealth building effect. It's possible that this explanation is correct, but more likely Ann has done what? Burt lives in Montana, owns several rifles, wears a camouflage hat, and drives a pickup truck with a sticker that says 'People Eating Tasty Animals. Which is more likely? (1) Burt takes dancing lessons. (2) Burt is an avid outdoorsman that is, as a gift to his wife, currently taking square dancing lessons. If you said that (2) is more likely than (1) then you committed what error? If you are playing poker with friends and you've lost several hands in a row, you might be tempted to think that you are due for a winning hand. It would be a mistake to bet differently on this hunch. What mistake would it be? In her research on what makes a business successful, Ann has found that the businesses with the highest percentage of wealthy executives are small businesses. Larger businesses have a percentages of wealthy executives that are closer to average. So, Ann decides that the structure of a smaller company allows executives more opportunities to communicate with each other and this has a wealth building effect. It's possible that this explanation is correct, but more likely Ann has done what? Burt lives in Montana, owns several rifles, wears a camouflage hat, and drives a pickup truck with a sticker that says 'People Eating Tasty Animals. Which is more likely? (1) Burt takes dancing lessons. (2) Burt is an avid outdoorsman that is, as a gift to his wife, currently taking square dancing lessons. If you said that (2) is more likely than (1) then you committed what error? If you are playing poker with friends and you've lost several hands in a row, you might be tempted to think that you are due for a winning hand. It would be a mistake to bet differently on this hunch. What mistake would it be?
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Ann might have committed the ecological fallacy This fallacy occurs when someone assumes that a gene... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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