What Is the Difference Between Observation and Inference? Define the Two

question 46

Essay

What is the difference between observation and inference? Define the two terms and give an example of each in your essay.

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Definitions:

Discount

A reduction applied to the regular price of goods or services, usually offered to encourage purchase or reward customers.

Series

A sequence of numbers or terms that follow a specific pattern.

Outstanding Balance

Outstanding balance refers to the amount of money that is still owed on a loan or credit account at any given time.

Invoice

A document issued by a seller to a buyer that lists goods or services provided and the due payment.