International Islamic University Malaysia Graduate School of Management ECON 6130 Quantitative Decision Making Chapter 10 One-Sample Tests of Hypothesis Dr. Intan Zanariah Zakaria GOALS • Define a hypothesis and hypothesis testing. • Describe the five-step hypothesis-testing procedure. • Distinguish between a one-tailed and a two-tailed test of hypothesis. • Conduct a test of hypothesis about a population mean. • Conduct a test of hypothesis about a population proportion. • Define
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Conscience is the most reliable guide to ethical decision making. Discuss (35 marks) Whether or not the conscience is the most reliable guide to ethical decision-making is‚ in my opinion‚ determined by one’s own interpretation of what conscience actually is. There are two key approaches to defining conscience. The first‚ originally proposed by Freud and developed by Piaget and Fromm‚ argues that conscience is the result of environmental factors. Freud’s definition of conscience is linked to an individual’s
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Making the Investment Decision Mr. Bill Sipple (HVS Capital) Post Session Assignment 1. What are the three main approaches to value and the pros/cons of each? The three main approaches to value are the income approach‚ which is widely used in the hotel valuation process‚ the sales comparison approach‚ and the cost approach. The income approach deals with either a Cap Rate or discounted cash flows. This approach is the preferred approach to valuation as it most closely reflects the economic
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Values and Ethical Decision-Making at Apple‚ Inc. Malika Hobeheidar‚ Lindsay Norwood‚ Jeff Isaacson‚ and Harold Peterson University of Phoenix Values and Ethical Decision-Making Compared with Apple‚ Inc. The values people choose and the ethical decisions they make in business will be an important part of their business experience. The way in which values and ethical decision-making are practiced compared to that of Apple‚ Inc. will be the focus of the following information. Furthermore
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Introduction The organization is a system where many processes are involved. There are various types of resources such as physical‚ human and financial. Among them human resources are in much importance due to some reasons. Humans can make own decisions and they are hard to be satisfied. Unlike machines they have many differences among each others. The skills are diverse from human to human. The employees come under human resources. They are a kind of internal stakeholders who give a great contribution
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Frederick Winslow Taylor known as the father of scientific management has had a major impact on the way businesses operate today. Born March 20‚ 1856 in Philadelphia‚ Pennsylvania‚ Taylor‚ who had problems with his eyes and could not attend college. Instead‚ he went to work as a laborer in a machine shop. He later worked at Midvale Steel Works and became a manager in addition to attending night school to get a mechanical engineering degree. He saw the inefficiency and waste at his job and decided
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Business Decision Making Students Name: Lecturers Name: Unit Title: Submission Date: Table with the risks and weigh of their relative importance against the rate of return that I foresee for my companyaswell as a plan of overcoming the risks Risk Importer Exporter L/M/S How to Overcome It Economic conditions Poor economic conditions will affect my imports. Poor economic conditions in other countries will affect my exports. If the demand for my imports is down‚ I will conduct marketing
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Ethical Egosim and Sentiment: Examing Decision-Making in the Grey Area If there were one particular ethical theory that would universally fit all situations‚ ethics would be an open/shut case. However‚ that simply isn’t how ethical theories work. While‚ some may have significantly more merit than others on a scale of universal application‚ there are some situations where relativism comes into play when deciphering which theory best suits a given situation. The relativism referred to here is of
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Important of Ethical Decision Making for the company As it was in the past‚ to do business ethically today is very important to guarantee success. Do the right thing and not expose the company into bad situations or possible lawsuits where the reputation and corporate image can be affected. Make a business with the only goal of bringing money and forgetting the importance of ethical principles has demonstrated that it only brings negative results. Why is important to have an ethical decision making
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Question 3 To better understand the performance of companies‚ four types of ratios are normally used: First‚ profitability ratios‚ which indicate the company’s ability to generate profits to satisfy and attract investors; second‚ liquidity ratios‚ which suggest the capability of company to meet its obligations timely; third‚ efficiency ratios‚ which assess the company’s operating efficiency; fourth‚ financial leverage ratio‚ which shows rationality of company’s financial structure. (Mautz and
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