Question: Part 2: Probability 3. What is the base rate fallacy? How can this lead to confusion in interpreting data? And what are some tips to

Part 2: Probability 3. What is the base rate

Part 2: Probability 3. What is the base rate fallacy? How can this lead to confusion in interpreting data? And what are some tips to avoid this fallacy? Answer in 8-12 sentences, with two direct quotes from the course text by Van Cleave. Quotes go in quotation marks with the in- text citation (Van Cleave, 2016, p. __). (10 points) 4. Give an example of each of the following related to your favorite holiday. Compose your own arguments for these questions. (10 points each) (a) An argument that commits the fallacy of regression to the mean (b) An argument that commits the conjunction fallacy (c) An argument that looks like the gambler's fallacy but is in fact a good argument and not a fallacy Part 2: Probability 3. What is the base rate fallacy? How can this lead to confusion in interpreting data? And what are some tips to avoid this fallacy? Answer in 8-12 sentences, with two direct quotes from the course text by Van Cleave. Quotes go in quotation marks with the in- text citation (Van Cleave, 2016, p. __). (10 points) 4. Give an example of each of the following related to your favorite holiday. Compose your own arguments for these questions. (10 points each) (a) An argument that commits the fallacy of regression to the mean (b) An argument that commits the conjunction fallacy (c) An argument that looks like the gambler's fallacy but is in fact a good argument and not a fallacy

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