Inductive generalization has confidence level-error margin

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"Identify the fallacy in the following passage-or you could put this in terms of whether the inductive generalization has a "confidence level" in the conclusion that is too high or an "error margin" that is to narrow for the facts asserted in the premise(s). There is no word limit for this response.

Housing is far too expensive in this country. Why, the median price of a home in most of California is now over $ 350,000." 

Reference no: EM13208023

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