PrepTest 28, Section 3, Question 20
Game show host: Humans are no better than apes at investing, that is, they do not attain a better return on their investments than apes do. We gave five stock analysts and one chimpanzee $1,350 each to invest. After one month, the chimp won, having increased its net worth by $210. The net worth of the analyst who came in second increased by only $140.
Game show host: Humans are no better than apes at investing, that is, they do not attain a better return on their investments than apes do. We gave five stock analysts and one chimpanzee $1,350 each to invest. After one month, the chimp won, having increased its net worth by $210. The net worth of the analyst who came in second increased by only $140.
Game show host: Humans are no better than apes at investing, that is, they do not attain a better return on their investments than apes do. We gave five stock analysts and one chimpanzee $1,350 each to invest. After one month, the chimp won, having increased its net worth by $210. The net worth of the analyst who came in second increased by only $140.
Game show host: Humans are no better than apes at investing, that is, they do not attain a better return on their investments than apes do. We gave five stock analysts and one chimpanzee $1,350 each to invest. After one month, the chimp won, having increased its net worth by $210. The net worth of the analyst who came in second increased by only $140.
Each of the following describes a flaw in the game show host's reasoning EXCEPT:
A conclusion is drawn about apes in general on the basis of an experiment involving one chimpanzee.
No evidence is offered that chimpanzees are capable of understanding stock reports and making reasoned investment decisions.
A broad conclusion is drawn about the investment skills of humans on the basis of what is known about five humans.
Too general a conclusion is made about investing on the basis of a single experiment involving short-term investing but not long-term investing.
No evidence is considered about the long-term performance of the chimpanzee's portfolio versus that of the analysts' portfolios.
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