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.

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Definitions:

Opportunity Cost

The effect of spurning potential profits from various options by selecting a particular one.

Societal Choices

Decisions made by a society as a whole about the allocation of resources and priorities among different uses.

Opportunity Cost

The worth of the best alternative given up as a consequence of a decision made.

Utility

The subjective benefit or satisfaction a person expects from a choice or course of action.