number 2 blog (deductive and inductive reasoning)

I was confused on the difference between deductive and inductive reasoning. I went onto http://www.nakedscience.org/mrg/Deductive%20and%20Inductive%20Reasoning.htm to get more information on this topic. They explain that “deductive reasoning arrives at a specific conclusion based on generalizations. Inductive reasoning takes events and makes generalizations.”
Basically, we take what we know about something and use that to try and make a conclusion. For example:
If all fraternity guys are losers, then the guys in Delta Upsilon should be losers as well. But since they are players and not losers, we can not conclude that all fraternity guys are losers. This is an example of deductive reasoning.
Inductive reasoning is basically the opposite of deductive reasoning. This is where we make observations about something. For example, if a man bought 4 different types of beer at a bar and they all cost 6 dollars, then his inductive reasoning would lead him to assume that all beers at that bar are going to cost 6 dollars.