"Of the two leading real estate firms in our town—Adams Realty and Fitch Realty—Adams Realty is clearly superior. Adams has 40 real estate agents; in contrast, Fitch has 25, many of whom work only part-time. Moreover, Adams' revenue last year was twice as high as that of Fitch and included home sales that averaged $168,000, compared to Fitch's $144,000. Homes listed with Adams sell faster as well: ten years ago I listed my home with Fitch, and it took more than four months to sell; last year, when I sold another home, I listed it with Adams, and it took only one month. Thus, if you want to sell your home quickly and at a good price, you should use Adams Realty."
Write a response in which you examine the stated and/or unstated assumptions of the argument. Be sure to explain how the argument depends on these assumptions and what the implications are for the argument if the assumptions prove unwarranted.
While the authors friend might get more profit with Adams Realty, his argument to convince him so is based on unsound assumptions. Which are ill-founded and not convincing enough to prove Adams Realty's superiority.
To begin with, the author states that there are more employees in Adams's than Fitch. The assumption is, more employee means better company. Which is not necessarily true. If there is a small but well-trained, educated, professional, devoted workforce in Fitch, and a large but inefficient workforce in Adams then Fitch would be superior in terms of personnel. In this case, the assumption would be proved fallacious. Which would lead to weakening the conclusion.
Another information presented by the author is that the revenue last year was twice as high as that of Fitch. Which also included some sales with higher average than Fitch. The author implies that if a company is making more money than another, it's profitable for someone to do business with first one. However, it could simply be false. Because, may be Adams are just taking the larger share of the home sale rather than giving more to the homeowner. Fitch could be doing that, which would make it more profitable to work with than Adams though there are income discrepancy between them weakening the authors recommendation.
Now about the higher average cost, it didn't specify what types of houses were sold at those prices. House type, location are important factors in determining its price. If the authors friends house matches with the sort Fitch deals with and not with Adams, then the authors conclusion would weaken further.
Lastly, the author shares his personal experience of house selling. One he did ten years ago with Fitch and one with Adams last year. The author assumes that the house market remained just the same and the business of both companies remained unchanged for the last 10 years timeline. Which is not backed up by any data and easily leads to ill-founded conclusion. Many things can change in ten years. May be there are more people living in their town, business have changed, people needs changed. All of it would affect the time takes to sell a house. Also, the author fails to specify the type of house he sold. If they are of different sorts, then it would be imprudent to compare. Additionally attenuating the conclusions validity.
Hence, it would be advisable to the authors friend that he should not decide to sell his house based on this particular argument. As it contains flawed assumptions, leading to a dubious conclusion. He should ask the author to further clarify those assumptions if he wants to make a better profit from those companies by selling his house.
Write a response in which you examine the stated and/or unstated assumptions of the argument. Be sure to explain how the argument depends on these assumptions and what the implications are for the argument if the assumptions prove unwarranted.
While the authors friend might get more profit with Adams Realty, his argument to convince him so is based on unsound assumptions. Which are ill-founded and not convincing enough to prove Adams Realty's superiority.
To begin with, the author states that there are more employees in Adams's than Fitch. The assumption is, more employee means better company. Which is not necessarily true. If there is a small but well-trained, educated, professional, devoted workforce in Fitch, and a large but inefficient workforce in Adams then Fitch would be superior in terms of personnel. In this case, the assumption would be proved fallacious. Which would lead to weakening the conclusion.
Another information presented by the author is that the revenue last year was twice as high as that of Fitch. Which also included some sales with higher average than Fitch. The author implies that if a company is making more money than another, it's profitable for someone to do business with first one. However, it could simply be false. Because, may be Adams are just taking the larger share of the home sale rather than giving more to the homeowner. Fitch could be doing that, which would make it more profitable to work with than Adams though there are income discrepancy between them weakening the authors recommendation.
Now about the higher average cost, it didn't specify what types of houses were sold at those prices. House type, location are important factors in determining its price. If the authors friends house matches with the sort Fitch deals with and not with Adams, then the authors conclusion would weaken further.
Lastly, the author shares his personal experience of house selling. One he did ten years ago with Fitch and one with Adams last year. The author assumes that the house market remained just the same and the business of both companies remained unchanged for the last 10 years timeline. Which is not backed up by any data and easily leads to ill-founded conclusion. Many things can change in ten years. May be there are more people living in their town, business have changed, people needs changed. All of it would affect the time takes to sell a house. Also, the author fails to specify the type of house he sold. If they are of different sorts, then it would be imprudent to compare. Additionally attenuating the conclusions validity.
Hence, it would be advisable to the authors friend that he should not decide to sell his house based on this particular argument. As it contains flawed assumptions, leading to a dubious conclusion. He should ask the author to further clarify those assumptions if he wants to make a better profit from those companies by selling his house.
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