In 2008,the sales of the Trident Inc.went up by 10% and its stock prices increased by 20%.In 2010,the sales of the Trident Inc.went up by 15% and its stock prices increased by 30%.You conclude that in 2013,since the sales increased by 5%,the stock price will increase by 10%.Which type of reasoning are you using?
A) deductive reasoning
B) intuitive reasoning
C) suggestive reasoning
D) inductive reasoning

Question

Quizplus · Accepted Answer

Inductive reasoning starts with specific observations and draws general conclusions that may or may not be true. In this case, the person is using the past sales and stock price data as evidence to predict what might happen in the future, which is a form of inductive reasoning. However, it is important to note that this type of reasoning is not foolproof and future outcomes may not necessarily follow the same pattern as past outcomes.

In 2008,the Sales of the Trident Inc