Statistical analysis can create a number of ethical challenges. Review the Ethical Guidelines for Statistical Practice, Statement
Question:
Statistical analysis can create a number of ethical challenges. Review the "Ethical Guidelines for Statistical Practice," "Statement on the Integration of Faith and Work," and the servant leadership and conscious capitalism study materials. Consider the principle of "do no harm" and how, through application of a Christian worldview perspective, ethical challenges related to sampling methods, treatment of outliers, selection of levels, or significance can be anticipated and addressed to ensure that statistical analysis is completed effectively, efficiently, and ethically.
Provide a 750-1,000 summary of the hypothesis tests and ethical issues related to statistical analysis. The summary should address the following:
- Summary of the business scenario.
- Definition of the variables and sources.
- Rationale for the type of hypothesis tests used.
- Null and alternative hypothesis.
- Two hypothesis tests with results that include test statistic, critical value(s), and p-value.
- Box plot visuals for each hypothesis test.
- Interpretation of the statistical results of the hypothesis tests.
- Discussion of potential ethical dilemmas associated with each hypothesis test, including explanation of how the principle of "do no harm" and a Christian worldview perspective could be applied to ensure the statistical analysis was completed ethically. Include discussion of how sampling methods, treatment of outliers, selection of levels, or significance, etc. should be addressed for ethical compliance.
- Summary of the hypothesis testing results and how these can be applied to the specified business scenario.
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins