The Inductive Model Maggie is attempting to earn enough money for college by day-trading on the stock market.She noticed that a particular stock gained value yesterday and that it also gained value today.She concludes that it is a good stock that will continue to gain value in the future.This conclusion is based on
A)induction.
B)deduction.
C)commonsense psychology.
D)the windfall hypothesis.

Question

Quizplus · Accepted Answer

The conclusion that the stock will continue to gain value in the future is based on induction, as it is inferred from specific instances (yesterday and today) to a generalization about future behavior.

The Inductive Model Maggie Is Attempting to Earn Enough Money