Make This Inductive (Statistical) Syllogism into a Strong Argument by Supplying

question 114

Essay

Make this inductive (statistical) syllogism into a strong argument by supplying an appropriate premise or conclusion: Greg must be into all that New Age stuff since he wears his hair in a ponytail.

---

Definitions:

LCM Approach

The Lower of Cost or Market method, an accounting principle requiring inventory to be recorded at either its historical cost or market value, whichever is lower, to reflect potential losses.

Market Value

An estimation of the price at which an asset or company could be bought or sold in a current market.

IFRS

International Financial Reporting Standards represent worldwide accounting norms that facilitate the creation of financial statements.

GAAP

Generally Accepted Accounting Principles, a set of rules and standards used for financial reporting and accounting.