How can a misinterpreted average pertain to stereotyping

Assignment Help Finance Basics
Reference no: EM132781642

When you were a child, you might have seen a dark brown bottle of a mysterious liquid high on a shelf in your garage, out of your reach. "That's poison," a parent might have warned, pointing to the container. "Don't touch." It nonetheless had some use. It was there for a reason. This example illustrates a principle: Items that can be misused often have a valid use, and vice versa. An average (e.g. mean, median, and mode) is not an exception; it can be useful, but if it is misused or misinterpreted it can be destructive.

problem 1: In what way might an average be misused? Alternatively, how might an average be misinterpreted? For instance, how can a misinterpreted average pertain to stereotyping? How can we avoid misuse or misinterpretation of averages? Provide a specific example to illustrate your explanation.

Reference no: EM132781642

Questions Cloud

Most organizations hire contractors in some capacity : Most organizations hire contractors in some capacity, either to aid in production work or to provide ancillary services,
Create an ideal programming language : If you wanted to create an ideal programming language, what would it be like? Select five major programming language features
Describe methods for collecting and analyzing data : Social workers can apply knowledge and skills learned from conducting one type of evaluation to others. Moreover, evaluations themselves can inform.
What factors in the computer design : Suppose you wanted to implement a control unit for a computer that you are designing.
How can a misinterpreted average pertain to stereotyping : How can a misinterpreted average pertain to stereotyping? How can we avoid misuse or misinterpretation of averages? Provide a specific example
Calculate the current value of Jim Ltds shares : After that the growth rate in dividends will be 5% per year indefinitely. Required rate of return is 10% p.a. Calculate the current value of Jim Ltd.'s shares
Why is technology a part of our education system : Why is technology a part of our education system?
Do we have a professional obligation to include technology : Do we have a professional obligation to include technology?
Calculate the book value per share for the firm : As of June 28, 2017 (the end of its fiscal year) its stock price was $38.13 per share. Calculate the book value per share for the firm

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd