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

question 63

Short Answer

Is the argument deductive (D) or inductive (I)?
-The car stopped in the middle of the freeway. The gas gauge is on empty. The best explanation is that the car is out of gas. Therefore, the car is probably out of gas.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, considered a non-operating expense on the income statement.

Notes Payable

A formal written agreement in which one party agrees to pay another a specific sum of money, either on demand or at a determined future date.

Interest-Bearing Note

A debt instrument that pays interest to the holder until its maturity date.

Issuance of Note

The act of creating a promissory note by which a borrower agrees to pay back a lender according to set terms.