Bob Said, "Since Statistics Cannot Tell for Certain Whether One

question 21

Essay

Bob said, "Since statistics cannot tell for certain whether one thing caused another, there is no point in even reporting probabilities." Argue both for and against Bob's statement.

---

Definitions:

Opportunity Cost

the value of the best alternative that is foregone when making a decision, representing the benefits that could have been received by taking a different path.

Painting

The process of applying pigment to a surface using tools such as brushes, to create an artistic expression.

Baking Cakes

A process of cooking food by dry heat, especially in an oven, applied specifically to the creation of cakes.

Comparative Advantage

An economic principle that describes the ability of a country or individual to produce a particular good or service at a lower opportunity cost than others.