Examlex
The following argument commits the fallacy of division: The average person is 5 foot 8 inches tall. Joe is a person. So Joe must be 5 foot eight inches tall.
Standard Deviation
A statistical measure of the dispersion or variability in a data set, indicating how much individual data points deviate from the mean or average.
Cash for Clunkers
A government program intended to stimulate the economy and encourage the purchase of new vehicles by offering financial incentives for trading in older, less-efficient cars.
Bullwhip Effect
A phenomenon in supply chains where small variations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, and manufacturer levels.
Cash for Clunkers
A government program designed to stimulate the economy and improve the environment by incentivizing the trade-in of older, less fuel-efficient vehicles for newer, more efficient ones.
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