A) Analyze the Argument Passage Below, Addressing the Following as Appropriate

question 6

Short Answer

A) Analyze the argument passage below, addressing the following as appropriate: specify the issues addressed; identify premises and conclusions; classify as inductive or deductive; supply missing premises; separate arguments from window dressing; identify claims better left unstated. B) Diagram the argument.
Toyota is raising its prices by 3 percent on January 1, and we won't be able to afford one if we wait until then. Besides that, the old heap won't make it to the first of the year. We'll have to buy now. If we cannot afford a Toyota after January 1, we'll have to buy now. If the old heap won't make it to the first of the year, we'll have to buy now.

---

Definitions:

Expected Monetary Value

A decision-making tool in risk management that combines the probabilities of different outcomes with the monetary gains or losses they would produce, to estimate the average outcome.

PHStat

An Excel add-in that enhances and expands upon the statistical capabilities provided by Microsoft Excel.

Return To Risk Ratio

A financial metric used to evaluate the potential return of an investment relative to its risk.

PHStat

An Excel add-in designed to perform statistical analysis.