Is the Argument Deductive (D) or Inductive (I)

question 80

Short Answer

Is the argument deductive (D) or inductive (I)?
-We tested the proposed hypothesis ten times, and it failed every test. Therefore, we conclude that the hypothesis is probably false.

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Definitions:

Variable Costs

Costs that change in direct proportion to changes in the level of production or sales activity, such as raw materials and direct labor.

Fixed Costs

expenses that do not vary with changes in production volume or sales, such as rent, salaries, and insurance.

Standard Cost Accounting System

A system that assigns expected costs to products to estimate selling prices and cost control, allowing variance analysis for actual costs incurred.

Unfavorable Variances

Differences between actual and expected outcomes that negatively affect a business's financial performance.