Being Careful Not to Make the Conjunction Fallacy, Which of the Following

question 36

Multiple Choice

Being careful not to make the conjunction fallacy, which of the following is MOST probable?

• A)Ralph is an alcoholic; Ralph wins a major world tennis tournament.
• B)Ralph is an alcoholic; Ralph enters a treatment program; Ralph wins a major world tennis tournament.
• C)Ralph is an alcoholic; Ralph enters a treatment program; Ralph has been sober for a year; Ralph wins a major world tennis tournament.
• D)Ralph is an alcoholic; Ralph enters a treatment program; Ralph has been sober for a year; Ralph practices tennis 50 hours a week; Ralph wins a major world tennis tournament.

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Definitions:

Interest Rate

The percentage charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage of the principal.

Uncollectible Account

A receivable owed to a company that is considered unlikley to be paid and is written off as a loss.

Other Receivable

Amounts owed to the company from parties other than customers, typically within a short time frame.

Uncollectible Receivables

Money owed to a company that is unlikely to be paid by the debtor, leading to its classification as a bad debt.