"All Rectangles Have Four Sides

question 7

Multiple Choice

"All rectangles have four sides. All squares have four sides. Therefore all rectangles are squares." This incorrect statement is an example of

• A) belief bias.
• B) categorical syllogism.
• C) belief perseverance.
• D) deductive inference.

Understand and apply the plus four method for estimating proportion and standard errors.

Determine the P-value for hypothesis tests concerning proportions.

Understand how sample size affects confidence intervals.

Conduct hypothesis tests concerning differences in proportions and interpret the results.

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Definitions:

Future Dollars

A term referring to the anticipated value of a currency taking into account inflation or deflation over time.

Expected Rate Of Return

The profit or loss one anticipates on an investment that has various known or expected rates of return.

Total Investment

The sum of all monetary resources allocated into various assets, projects, or securities at a given time.

Expected Rate Of Return

The average of all possible returns for an investment, weighted by the likelihood of each outcome.