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As an incentive to get new customers, the local branch of a bank launched "bouncing for bucks." During this week long event, any customer opening a new checking account
With the bank would have the opportunity to throw a bouncy rubber ball into a large box
Divided into squares.Each square was labeled with a dollar amount that would be
Deposited into his/her new checking account.The way the box was labeled is shown
Below.What is the probability that a customer gets $50?
Post Hoc, Ergo Propter Hoc
A logical fallacy that suggests a causal relationship because one event followed another in time, even though no causal connection exists.
Ceteris Paribus
A Latin phrase meaning "all other things being equal," used in economics to analyze the effect of one variable on another, holding all other factors constant.
Fallacy Of Logic
An error in reasoning that renders an argument invalid or undermines the argument's logical structure.
Ceteris Paribus
Ceteris paribus is a Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable change in the study of a phenomenon.
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