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

Business

You might also like to view...

Arbitration is a private solution that is

A. often preferred by foreign litigants because it is perceived as fairer, faster, cheaper, and more confidential than are the courts. B. favored by international unions. C. discouraged by the U.S. Bar Association. D. recommended by the UN for international companies facing litigation in developing countries.

Business

Bond purchased a painting from Wool, who is not in the business of selling art. Wool tendered delivery of the painting after receiving payment in full from Bond. Bond informed Wool that Bond would be unable to take possession of the painting until later that day. Thieves stole the painting before Bond returned. The risk of loss:

a. Passed to Bond at Wool's tender of delivery. b. Passed to Bond at the time the contract was formed and payment was made. c. Remained with Wool, because the parties agreed on a later time of delivery. d. Remained with Wool, because Bond had not yet received the painting.

Business

The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000 . What percentage of MBA's will have starting salaries of $34,000 to $46,000?

a. 38.49% b. 38.59% c. 50% d. 76.98%

Business

________ are used by Web developers to specify the formatting and layout of elements on a Web page

A) Word documents B) Graphic designing tools C) Photo editing applications D) Excel sheets E) Cascading style sheets

Business