the statistical test I ran was not significant implying that the growth factor added little benefit. When I shared the results with my advisor‚ he asked me to rework the statistics and show the data in a more positive light to the client. My dilemma was whether to report the findings against the wishes of my advisor or to heed his request and use a less stringent and statistically incorrect test. Researchers often manipulate data by using alternative statistical tests‚ so complying with my advisor’s
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Effective Decisions Saumya Bhattacharya expressed her thoughts on how to come up with effective decisions and how to prevent its downsides. She quoted the source from the book of Michael J. Mauboussin‚ Chief Investment Strategist and a Professor of Finance at Columbia Business School‚ called Think Twice—Harnessing the Power of Counterintuition. Mauboussin’s first step is to have enough knowledge in the situation that you have. This would help in making effective decisions if you are understand
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The Tragedy of Julius Caesar by William Shakespeare is a dilemma based on Julius Caesar. Caesar is a Roman general who is considered a king‚ even without his crown. Antony is a devoted friend of Caesar‚ who pairs with Octavius‚ Caesar’s nephew‚ after his death. Caesar considers himself an autocrat‚ which isn’t suitable or liked by the Romans. A noble Roman whom all of Rome adores including Caesar‚ Brutus‚ plots against Caesar’s dictatorship. Many other people were involved in the plot against Caesar
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Decision-making models‚ or the path that one would choose in his or her decision-making‚ is heavily relied on the information one has received. By having all the correct information available‚ decision-making becomes an easier task. The model in which one would base his or her decision-making upon can be analyzed into six different factors: the problem at hand‚ the goals that want to be reached‚ alternatives‚ pros and cons‚ decision(s)‚ and reason(s) behind the decision(s). According to Richard
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President’s Dilemma Speech Our nation is currently in the middle of grim economic circumstances of stagflation. Inflation is high‚ and getting higher. Unemployment is high‚ and getting higher. While all of this happens‚ GDP continues to drop. If nothing is done about this‚ our nation is sure to suffer worse consequences than we have already been forced to endure. Our economy will be flushed down the toilet. This new economic policy is the answer to our prayers. With the perfect blend of fiscal
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The concept of genetically modifying human beings is one that is hotly debated in several spheres of thought. Likewise‚ there are many ways people look at it‚ and many conclusions people come to. As our technological advances makes modification of human babies more and more feasible‚ the ethics of the process comes under more and more scrutiny. The obvious benefits of manipulating the genome of a future baby is that parents with genetic disorders have a way to ensure that the child is healthy. If
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Decision Making Group decision making occurs when a specific group of people make a choice regarding a process or procedure in the work place. Group decision making can also include a group of friends getting together and making a decision where to go for the evening. Decision making can be easy‚ hard or somewhere in the middle; many times how hard the process is depends on the team or group of people that have to make the decision. The type of decision and the number of people the decision will
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“Ethical Dilemma at Northlake” Week 3 – Case Study #1 Cecellia Dantzler Synopsis: Frank‚ manager of corporate reporting at Amalgamated Forest Products‚ has threatened to go public with information regarding a falsified report on the effect of effluent controls on the discharge of wastewater from pulp and paper companies‚ which has angered his boss‚ Jim McIntosh and the company’s president‚ Jim Letourneau. Letourneau was to testify before a legislative subcommittee the following week and use
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2006‚ suggesting that Nationwide’s decision to cancel policies in light of the calm hurricane seasons (in Florida) in 2005-07 may have cost the company potential revenue and customer goodwill. Do you think Rommel’s quote about making a ‘sound business decision’ reveals any perceptual or decision-making biases? Why or Why not? A: Jeff Rommel’s quote about making a ‘sound business decision’ reveals two main perceptual or decision-making biases. The first decision-making bias is overconfidence bias
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self-talk‚ did you find the process useful in helping you make more ethical decisions? What were the strengths of this technique? The weaknesses? What is the most effective way for you to self-coach yourself into ethical decisions? Question 2: As you reflect on the blind spots and risks of each of the four ethical lenses‚ where are you vulnerable? As you reflect on the many statements of unethical action in the this exercise‚ which one(s) would be the ones where you would have to be attentive to not inadvertently
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