Which of the Following Would Best Describe an Error in Inference

question 15

Multiple Choice

Which of the following would best describe an error in inference according to the law of large numbers?

• A) You see a person act courageously to save a child from being hit by a car. You assume the person is characteristically brave, and will act courageously in the future.
• B) Two of the neighbors on your street drive convertibles, and both of those neighbors are incredibly obnoxious. You therefore assume that convertible-drivers are typically obnoxious.
• C) All of the above
• D) None of the above

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Definitions:

Caveat Emptor

A Latin phrase meaning "let the buyer beware," implying that the buyer assumes the risk regarding the quality of the goods purchased, unless they are protected by warranty.

Common Law

A body of law derived from judicial decisions of courts and similar tribunals, as opposed to statutes or constitutions.

Valid Deed

A valid deed is a legally enforceable document that effectively transfers ownership of real property from one party to another, and must meet specific requirements, including the signature of the grantor and delivery.

Recording

The act of documenting or entering official information, such as deeds and mortgages, into public records.