Poindexters uncle is building a house on land that has been devastated by hurricanes 160 times in

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Poindexter’s uncle is building a house on land that has been devastated by hurricanes 160 times in the past 200 years. However, there hasn’t been a major storm there in 13 years, so his uncle says this is a safe investment. His nephew argues that he is wrong because a hurricane must be due soon. What are the fallacies in the reasoning of both men?
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