Podcast
Questions and Answers
What was the percentage increase in the advertising budget from the previous year?
What was the percentage increase in the advertising budget from the previous year?
- 10%
- 15% (correct)
- 20%
- 25%
What was the actual percentage increase in product sales when the advertising budget was increased by 15%?
What was the actual percentage increase in product sales when the advertising budget was increased by 15%?
- 20%
- 25% (correct)
- 30%
- 15%
What is the expected percentage increase in sales if the advertising budget is increased by 20%?
What is the expected percentage increase in sales if the advertising budget is increased by 20%?
- 15%
- 25%
- 30% (correct)
- 35%
If the sales increase is proportional to the advertising budget increase, what percentage increase is expected with a 15% increase?
If the sales increase is proportional to the advertising budget increase, what percentage increase is expected with a 15% increase?
What could be inferred about the relationship between advertising budget increases and sales increases?
What could be inferred about the relationship between advertising budget increases and sales increases?
What is the primary issue the kindergarten teacher is facing?
What is the primary issue the kindergarten teacher is facing?
What solution does the kindergarten teacher implement to address the issue?
What solution does the kindergarten teacher implement to address the issue?
What timeframe does the extra activity break occur in relation to the school schedule?
What timeframe does the extra activity break occur in relation to the school schedule?
Which of the following might NOT be a likely reason for the kindergarten teacher to struggle with attention?
Which of the following might NOT be a likely reason for the kindergarten teacher to struggle with attention?
What can be inferred about the kindergarten teacher's approach to teaching based on the added activity break?
What can be inferred about the kindergarten teacher's approach to teaching based on the added activity break?
What is the main purpose of the market mentioned?
What is the main purpose of the market mentioned?
Which of the following best describes the service approach of the market?
Which of the following best describes the service approach of the market?
How does the market adapt to customer requirements while shopping?
How does the market adapt to customer requirements while shopping?
What strategy does the market employ to meet the needs of its customers?
What strategy does the market employ to meet the needs of its customers?
What is a potential flaw in the market's approach as described?
What is a potential flaw in the market's approach as described?
What is a key characteristic of the results obtained through deductive reasoning?
What is a key characteristic of the results obtained through deductive reasoning?
In the context of marketing, what example illustrates the use of deductive reasoning?
In the context of marketing, what example illustrates the use of deductive reasoning?
What can be concluded about the role of data in deductive reasoning?
What can be concluded about the role of data in deductive reasoning?
Which of the following statements is accurate regarding deductive reasoning?
Which of the following statements is accurate regarding deductive reasoning?
Which outcome does NOT typically result from deductive reasoning?
Which outcome does NOT typically result from deductive reasoning?
What aspect does critical thinking primarily influence in relation to emotional matters?
What aspect does critical thinking primarily influence in relation to emotional matters?
Which statement best describes the intersection of critical thinking with emotional matters?
Which statement best describes the intersection of critical thinking with emotional matters?
What is a potential benefit of applying critical thinking to gray areas?
What is a potential benefit of applying critical thinking to gray areas?
What action is the general manager of the family restaurant taking in response to the impending strike?
What action is the general manager of the family restaurant taking in response to the impending strike?
What is the purpose of planning a distributor during the strike?
What is the purpose of planning a distributor during the strike?
Which of the following best describes a likely consequence of the bakery strike?
Which of the following best describes a likely consequence of the bakery strike?
What strategic move is implied by the general manager in anticipation of the strike?
What strategic move is implied by the general manager in anticipation of the strike?
What can be inferred about the importance of the bakery to the restaurant's operations?
What can be inferred about the importance of the bakery to the restaurant's operations?
Flashcards
Advertising Budget Increase
Advertising Budget Increase
A 15% increase in the advertising budget.
Sales Increase
Sales Increase
A 25% increase in product sales corresponding with the advertising increase.
Predicted Budget Increase
Predicted Budget Increase
A 20% increase in the advertising budget.
Predicted Sales Increase
Predicted Sales Increase
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Correlation Between Budget & Sales
Correlation Between Budget & Sales
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Teacher's challenge
Teacher's challenge
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Solution attempt
Solution attempt
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Activity break
Activity break
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Time of break
Time of break
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Critical thinking in gray areas
Critical thinking in gray areas
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Mental & emotional matters
Mental & emotional matters
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Customer Needs
Customer Needs
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Market Inquiry
Market Inquiry
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Product Category
Product Category
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Shopping Needs
Shopping Needs
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Deductive Reasoning
Deductive Reasoning
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Logical Certainty
Logical Certainty
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Marketing Division
Marketing Division
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Demographic
Demographic
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Young Parents
Young Parents
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Restaurant's Backup Plan
Restaurant's Backup Plan
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Bakery Strike
Bakery Strike
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Supply Chain
Supply Chain
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Distributor
Distributor
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Extra Baked Goods
Extra Baked Goods
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Study Notes
Intelligent Systems - Reasoning Representation
- Reasoning is the ability to assess things rationally using logic based on existing or new information when making decisions or solving problems.
- Reasoning helps weigh advantages/disadvantages of different courses of action, solve problems, handle uncertainty, verify claims, and assess situations carefully for best outcomes.
- Reasoning comes in various forms, from everyday decisions to complex AI algorithms.
- Reasoning can be categorized into seven basic types.
- Understanding reasoning types helps evaluate and improve decision-making.
Types of Reasoning
-
Deductive reasoning: Uses formal logic and observations to prove theories/hypotheses. Starts with an assumption and uses observations to validate/refute it. Deductive reasoning often leads to logically certain results when applied correctly.
- Example: A marketing team observes young parents are their largest customer demographic and allocates more budget to social media to target that group.
-
Inductive reasoning: Uses theories and assumptions to validate observations. Works from specific cases to a general rule. This type of reasoning isn't always certain as it makes generalizations.
- Example: A kindergarten teacher notices better attention spans after adding a short activity break and decides to continue the break due to the improved classroom behavior.
-
Analogical reasoning: Finds similarities between things to identify other similar qualities. Leveraging patterns and associations to aid understanding and expand knowledge.
- Example: Businesses use a supermarket analogy to plan for a new product line, evaluating how to provide customers everything they need.
-
Abductive reasoning: Uses observations to reach a logical conclusion, often making educated guesses in the face of uncertainty.
- Example: Salesperson receives a short message from a client about an issue. The salesperson, through limited information, must narrow down possible concerns related to the message.
-
Cause-and-effect reasoning: Shows the link between two events. Used to explain why things happen when certain conditions are present. Often used in everyday decisions and by businesses and professionals in prediction analysis.
- Example: A marketing agency shows how increased advertising budget in year one led to a 10% increase in sales. This points to effectiveness, and they can use similar reasoning to request future budget increases.
-
Critical thinking: Involves extensive, rational thought on a specific subject to reach a definitive conclusion
- Useful in many fields including computing, engineering, social sciences, and logic
- Used for evaluating authenticity of different things like art, film, etc.
- A crucial part of problem-solving, including troubleshooting
- Important for understanding complexities or "gray areas" where definitive answers are hard to find
- Example: A restaurant manager learns a key bakery supplier is going on strike. This leads to purchasing additional prepared goods and finding an alternate supplier.
-
Decompositional reasoning: Breaks down complex things into smaller parts to understand each part's function and interaction contributing to the whole.
- Used in many areas from managing projects to product development, engineering, science and others
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