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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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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Decision-Making in Global Organizations In today ’s business environment‚ there is sustained pressure for companies to maximize productivity in order to be competitive in the marketplace. Many businesses are moving a variety of activities‚ such as manufacturing and product development‚ to countries with low labour costs. They are also opening up sales channels in many new markets. The resulting global organizations need to structure themselves‚ so that they can effectively manage operations across
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Practitioners like social workers have a way of thinking which involves ethical preferences correlated with caring‚ autonomy‚ power and change through an empowerment perspective (Dolgoff‚ Harrington‚ & Loewenberg‚ 2012). Both the general decision-making model and the ethical principles screen can be used to inform how social workers might approach issues like surrogacy if confronted in practice. For the general decision making model‚ it is based on the assumption that social workers have the capability
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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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INTRODUCTION 3 Industrial Selling Environment 3 Exogenous Variables: 3 Endogenous variables: 3 FOUNDATIONS OF PERSONAL SELLING: AN ORGANIZATION CUSTOMER FOCUS: 5 Promotion and role of personal selling: 7 Personal selling: the conceptual framework: 9 Stages of the selling process 9 Personal selling and Competition: 12 Scene 1: NEW FIRM‚ NEW PRODUCT LINE/MIX 13 Scene 2: NEW UNKNOWN FIRM AND OLD‚ ESTABLISHED PRODUCT CONCEPT 14 Scene 3: OLD FIRM‚ NEW PRODUCT-SERVICE 14 Scene 4: OLD FIRM‚ OLD PRODUCT/SERVICE
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Ethics‚ Law and Health Care : LWS 101 Problem Solving Assignment Ethical Decision-Making Framework 1. IDENTIFY Issues: 1. Martina’s irrational behaviour is compromising patient safety and could lead to legal consequences of negligence and disciplinary action. 2. Omar must decide how to assist Martina and whether to report her actions to authorities and the legal implications of this. Individuals Involved: Martina – R.N. Omar – R.N. Patients of Martina and Omar Nurse Unit Manager
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Running Head: Decision-Making Model Decision-Making Model Analysis Paper Anonymous University of Phoenix This was posted on 8/9/05 There are several decision-making models to choose from in any given situation. Some of these models available on the Internet are the Responsible Decision-Making Model‚ the Ethical Decision-Making Model‚ the Ethics Toolkit PLUS Model‚ the Vigilant Decision-Maker Process‚ and some basic ones as well. In general‚ all decision-making models are the processes
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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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Ethical Decision Reflection An ethical decision I had to make in my professional life was when I was working at a convenience store. I had a co-worker that always stole from the store. She stole anything that she needed‚ whether it was candy or a quart of oil. This was not a once in a while thing. She did it whenever she needed anything. There were many factors to consider. One of them being was she ever going to get caught? Or should I tell someone before she gets caught? Another one being
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