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by CiPHPerCoder
3715 days ago
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The argument sounds like it's based on a geometric expansion of 80% failure rate for each year. (1.0 - 0.8)^5 = (0.2)^5 = 0.00032
That would mean that in 5 years, 99.968% of business would fail.Clearly that's a fallacy; an 80% failure rate in the first year does not imply an 80% failure rate in subsequent years. |
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