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chance of being correct in her prediction for any given stock. Based on this assumption, you derive the following probabilities concerning her ten picks: What
chance of being correct in her prediction for any given stock. Based on this assumption, you derive the following probabilities concerning her ten picks:
What is the empirically testable conclusion resulting from your deductive reasoning?
How could you test your empirically testable conclusion using a data sample?
Outline the inductive and deductive reasoning you could use to evaluate whether or not the broker is simply guessing in her stock picks.
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