List seven common errors that seriously hinder the interpretation of data
Some of the common errors that seriously hinder the interpretation of data are as follows:
(a) Trying, consciously or unconsciously, to make results conform to a prediction or desire
(b) Hoping for spectacular results
(c) Attempting to compare when commonality is absent
(d) Assuming a cause-effect relationship when one does not exist
(e) Failing to consider important factors
(f) Basing a conclusion on lack of evidence
(g) Assuming constancy of human behavior
You might also like to view...
The amount of interest due on bonds payable owed by the company is adjusted by
a. debiting Interest Payable and crediting Cost of Goods Sold; b. debiting Interest Payable and crediting Interest Expense; c. debiting Interest Expense and crediting Interest Payable; d. debiting Interest Expense and crediting Cost of Goods Sold; e. debiting Interest Expense and crediting Factory Overhead
A comprehensive store security program needs to concentrate on losses due to employee, customer, and vendor theft
Indicate whether the statement is true or false
Trevor heard a burglar entering through a living room window. He grinned as he picked up his gun. Crouching behind the sofa in his darkened home, he ambushed and killed the intruder with several well placed shots. He then added another notch in his trusty side-arm. Trevor most probably
a. has exercised his constitutional right of self-defense. b. has acted legally, because the shooting took place inside his home. c. has acted legally if, but only if, the burglar was armed with a gun. d. is guilty of a homicide, or at least voluntary manslaughter.
The famous Hawthorne Studies were conducted by Henri Fayol
Indicate whether the statement is true or false.