Question 1
Statistical information: 80% of startups fail within 3 years. Alex just started a company.
What is the most reasonable inference?
This is probabilistic reasoning. The statistical evidence (80% of startups fail within 3 years. Alex just started a company.) doesn't guarantee certainty, but it provides strong support for: Alex's company will probably fail within 3 years
Remember: Probability inferences are about likelihood, not certainty.
Remember: Probability inferences are about likelihood, not certainty.