Table of contents

1. Introduction to Statistics53m
2. Describing Data with Tables and Graphs2h 1m
3. Describing Data Numerically1h 48m
4. Probability2h 26m
5. Binomial Distribution & Discrete Random Variables2h 55m
6. Normal Distribution & Continuous Random Variables1h 48m
7. Sampling Distributions & Confidence Intervals: Mean2h 8m
8. Sampling Distributions & Confidence Intervals: Proportion1h 20m
- Sampling Distribution of Sample Proportion
  35m
- Confidence Intervals for Population Proportion
  45m
9. Hypothesis Testing for One Sample2h 23m
10. Hypothesis Testing for Two Samples3h 25m
11. Correlation1h 6m
12. Regression1h 4m
13. Chi-Square Tests & Goodness of Fit1h 30m
14. ANOVA1h 4m

1. Introduction to Statistics

Intro to Stats

Statistics for Business

1. Introduction to Statistics

Intro to Stats

Previous problemNext problem

Struggling with Statistics for Business?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Which of the following behaviors of a firm can be considered unethical in the context of business statistics?

Using random sampling to collect survey responses

Ensuring data privacy for survey participants

Falsifying data to mislead stakeholders

Reporting both mean and median in a summary

Previous problemNext problem

Verified step by step guidance

Step 1: Understand the context of business ethics in statistics. Ethical behavior in business statistics involves practices that ensure accuracy, transparency, and respect for participants' rights.

Step 2: Analyze each option provided in the problem. For example, using random sampling to collect survey responses is a standard and ethical practice in statistics as it ensures unbiased data collection.

Step 3: Evaluate the importance of data privacy. Ensuring data privacy for survey participants is ethical because it protects individuals' personal information and complies with legal standards.

Step 4: Identify unethical behavior. Falsifying data to mislead stakeholders is unethical because it compromises the integrity of the analysis and can lead to incorrect decisions based on manipulated information.

Step 5: Consider the reporting of statistical measures. Reporting both mean and median in a summary is ethical as it provides a comprehensive view of the data, helping stakeholders make informed decisions.