StudentShare solutions
Triangle menu

Practical Decision Making - Essay Example

Not dowloaded yet

Extract of sample
Practical Decision Making

In HTAB there are three kinds of Hypothesis - Research Hypothesis, Statistical Hypothesis and Substantive Hypothesis. Research Hypothesis is a statement of what the researcher believes will be the outcome of an experiment or a study. Statistical Hypothesis is a more formal structure derived from the research hypothesis. Substantive Hypothesis is a statistically significant difference which does not imply a material substantive difference. (Business Statistics 4e by Ken Black).
A preconceived conclusion is an inevitable outcome of Research Hypothesis. The researcher tends to become biased. For example, older workers are more loyal to a company. That may true in most cases. But it is still a hypothesis. There maybe some old workers who resent company policy to the extent that they have been nursing grievances or have not been allowing new employees to prove their potential in the company.
Statistical hypothesis is to some extent also preconceived . Although it has a more formal structure it is essentially based on the preconceived notion of the Research Hypothesis. Substantive Hypothesis is the significant difference which does not always encompass material or quantitative difference.
There are two parts of Statistical hypothesis - a null hypothesis ...Show more

Summary

A friend of mine studying in Psychology set about completing her research on human reaction to social adversity. She had to study several groups of people and after interviewing them she had to compile the data collected and submit her thesis basis.
The HTAB system proved to be of monumental assistance to her while she was studying the real life situation…
Author : toyara
Practical Decision Making essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Practical Decision Making"
with a personal 20% discount.
Grab the best paper

Related Essays

Decision Making Process
Decision Making Process Introduction Decision making is one of the critical aspects of any profession. Although it can be simply said as "the cognitive process of reaching a decision”, there are a lot more complex issues that need to be taken care of behind the words “cognitive process” (freedictionary, n.d).
9 pages (2250 words) Essay
QUANTITATIVE DECISION MAKING
It is often referred to as the mathematical method of analysis. The different statistical techniques incorporated within it give meaningful shape to otherwise haphazard and raw data related to an organization. This meaningful representation of data enables decision making and future forecasting easier for managers of an organization.
1 pages (250 words) Essay
Decision Making Tools
The Pareto Analysis makes use of the Pareto Principle that uses the idea that 80% of the advantages of doing any work are derived from doing just 20% of the work. When put in the context of quality improvement, the Pareto Principle argues that key causes (20%) bring about the majority of problems (80%).
12 pages (3000 words) Essay
Managing Decision Making
Decision making is a complex process that involves giving consideration to numerous factors and perspectives. If decision making as an individual action is difficult enough, it is all the more complicated when performed by a group. In our group, the four members Aleksandar Burneski (110064964), Rocco Guiducci (110065658), Kuir Alaak (100044490) and I Mossab Aljamdi (110079132) have different personality types and character traits.
4 pages (1000 words) Essay
Critically discuss how contemporary, up-to-date modes of leadership and decision-making could make a significant, practical cont
Apart from the above challenges, skill bases as well as knowledge required for effective performance in this field is continuously growing and changing (Greenhalgh, 2010). It can be noted that health care professionals will continue working in this industry for many years; however, the information gathered during their study period will become obsolete.
12 pages (3000 words) Essay
Practical Application of the Ethical Decision-Making Manual for Helping Professionals
Ethics can be defined as a philosophy orientated toward the conduct of individuals with a society and the use of decision-making based on morals (Bradley & Hendricks, 2001). Numerous ethical decision-making models exist, however this paper will focus on the model proposed by Steinman, Franks Richardson and McEnroe (1998).
10 pages (2500 words) Essay
Ethical and Moral Decision Making by School Principals
The school principles are leaders who give example to their staff and students and for this reason their moral behavior and principles a crucial for their followers.
10 pages (2500 words) Essay
Managerial Decision Making
The plan was prepared with meticulous care taking into account all details of international trade, customs laws, partnering with marketing companies of international repute and establishment of shipping and freight handling operations. However within the
2 pages (500 words) Essay
Business Decision Making Process
However, this systematic process of decision making involves complex web of activities and processes which one must need to undertake in order to make effective decision making. The effectiveness of an organization’s
10 pages (2500 words) Essay
QUANTITATIVE DECISION MAKING
This meaningful representation of data enables decision making and future forecasting easier for managers of an organization. Some practical examples of quantitative analysis are ‘Financial Systems Analysis’ and ‘Time Value of
1 pages (250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT