Either Haley Anderson or Simone Manuel Won an Olympic Gold

question 265

Multiple Choice

Either Haley Anderson or Simone Manuel won an Olympic gold medal in 2016. Haley Anderson did not win one in 2016. Thus, Simone Manuel did.

• A) Inductive, strong.
• B) Deductive, invalid.
• C) Deductive, valid.
• D) Inductive, cogent.
• E) Inductive, weak.

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Definitions:

Break-Even Point

The level of sales or production at which a business's revenues equal its expenses, resulting in neither profit nor loss.

Contribution Margin

The difference between sales revenue and variable costs of a product, indicating how much contributes to covering fixed costs and generating profit.

Break Even

The point at which total costs equal total revenue, meaning that a business or project is neither making a profit nor incurring a loss.

Variable Cost

A cost that varies with the level of output or production, such as materials and labor costs.