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In statistical thinking there is a tenancy towards conservatism. The investigators, enthusiastic to obtain positive results, may prefer favorable conclusions and may tend to over-interpret the data. It is the statistician's role to add objectivity to the interpretation of the data and to advocate caution.
On the other hand, the investigators may say that conservatism and science are incompatible. If one is too cautious, if one is always protecting oneself against the worst-case scenario, then one will not be able to make bold new discoveries.
Which of the two approach do you prefer?
When you formulate your answer to this question it may be useful to recall cases in your past in which you where required to analyze data or you were exposed to other people's analysis. Could the analysis benefit or be harmed by either of the approaches?
For example, many scientific journal will tend to reject a research paper unless the main discoveries are statistically significant (p-value < 5%). Should one not publish also results that show a significance level of 10%?
Name a type of contract controlled by the UCC that must be in writing to be enforceable.
Identify stakeholders and plan how manufacturing or service processes use value stream mapping. What is the benefit and why do companies do it? How would a company measure improvements?
How has Amazon continued to evolve over the years? Is it their creativity; with offering same day delivery and or free delivery?
(a) What is the value of a 6-month European call option with a strike price of $52 using a three-step binomial tree? (b) Draw the tree mark the value of the option on each nod of the tree.
Compare and contrast Robert's and Claudia's styles of communication. Next, speculate on three (3) ways that their communication styles impacted their handling of the situation. Provide support for your response.
Which of the following is FALSE regarding trade-secret protection? If the plaintiff wants a court order that requires the defendant to fulfill the terms of the contract, the plaintiff is seeking __________.
Review the article that the authors intended not the article you wish they wrote. Place the APA article reference at the top of the first page, skip a line and begin the review
What is your personal code of ethics? Prepare a code outlining what you believe is morally right. The document should include guidelines for your personal behavior.
Many job design experts who have studied the changing nature of work say that people do their best work when they're motivated by a sense of purpose rather than by the pursuit of money. Discuss what the implications of this statement are for manag..
Based on these facts, which defense to claim of negligence is Donahue most likely to assert? Expalin how is the court likely to apply that defense and rule on Peterson's claim? Why?
Briefly explain a major corporate scandal in an organization such as Enron, Martha Stewart Omnimedia, WorldCom, etc.
Describe the advantages and disadvantages of the choice you made. Describe the advantages and disadvantages inherent in the option you did not choose.
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