Question

In: Statistics and Probability

With U.S. consumers becoming more environ-mentally conscious, there has been an explo-sion of eco-friendly products on...

With U.S. consumers becoming more environ-mentally conscious, there has been an explo-sion of eco-friendly products on the market.
One notable entry has been the gas-electric hybrid car. A large nonprofit environmental group would like to tar-get customers likely to purchase hybrid cars in the future with a message expressing the urgency to do so sooner rather than later. They understand that direct mailings are very effective in this regard, but staying true to their environmental concerns, they want to avoid doing a nontargeted mass mailing. The executive team met to discuss the possibility of using data mining to help identify their target audience. The initial discussion revolved around data sources. Al-though they have several databases on demographics and
transactional information for consumers who have purchased green products and donated to organizations that promote sustainability, someone suggested that they get data on contributions to political parties. After all, there was a Green party, and Democrats tend to be more concerned about environmental issues than Republicans. An-other member of the team was genuinely surprised that this was even possible. She wondered how ethical it is to use information about individuals that they may assume is being kept confidential.

Questions:

• Identify the ethical dilemma in this scenario.

• What are the undesirable consequences?

• Propose an ethical solution that considers the welfare of all stakeholders.

Solutions

Expert Solution

ANSWER::

Answer a) The ethical dilemma is whether to use the data source of the political parties and its legal implications.

Answer b) The undesirable consequences could be the following:

  1. Legal implications of using the data without the consent of the public.
  2. Authenticity of data provided by the source.
  3. Error of context between environmental consciousness and interest in automobile products.
  4. Confidentiality of the data sources and implications of usage rights.
  5. Conclusion of effective and appropriate price deals with the partners.
  6. Inputs and analytics required to filter the required data.

Answer c) The ethical solution to use the data is to ask the consent of the people associated with the political party through online campaigns. This will not only help in taking the consent, but also will filter out the data of people interested in the green automobile products and technologies. If the group or number of people show interest in this campaign further, the choices and the preferences can be asked without much hassles and extra efforts required for the further data collections also. Other option is to partner with local NGOs and Non-Profit Organizations to perform independent primary data collection instead of relying on the secondary data of political parties. The primary data provided will be more reliable and effective than the other sources of data.

NOTE:: I HOPE YOUR HAPPY WITH MY ANSWER....***PLEASE SUPPORT ME WITH YOUR RATING...

***PLEASE GIVE ME "LIKE"...ITS VERY IMPORTANT FOR ME NOW....PLEASE SUPPORT ME ....THANK YOU


Related Solutions

Show all in GRAPH!! 1.Explain the effect of consumers becoming more budget conscious along with the...
Show all in GRAPH!! 1.Explain the effect of consumers becoming more budget conscious along with the rising price of solvent on the price of dry cleaning. 2. If the price of hangers does rise this year, do you expect additional dry cleaners to disappear? Explain why or why not.
To become more eco-friendly, Karen is buying a Tesla. She has negotiated a price of $31,900...
To become more eco-friendly, Karen is buying a Tesla. She has negotiated a price of $31,900 and will trade in her old car for $4,500. She will put another $900 down (on top of the trade-in value of her old car) and then borrow the remainder at 5% annual nominal interest rate, compounded monthly, for 4 years. Calculate the monthly payments of the car loan.
St Lucia Green Ltd. is a company that makes eco-friendly products. It is expected that the...
St Lucia Green Ltd. is a company that makes eco-friendly products. It is expected that the company will achieve an EPS of AUD 10 next year. The company’s current payout ratio is 40%. The required rate of return is 17%. Its return on equity is 23%. a) What is the share price of St Lucia Green Ltd. if it does not pursue a growth strategy? b) Suppose St Lucia Green now has a plan to pursue a growth strategy. Calculate...
St Lucia Green Ltd. is a company that makes eco-friendly products. It is expected that the...
St Lucia Green Ltd. is a company that makes eco-friendly products. It is expected that the company will achieve an EPS of AUD 10 next year. The company’s current payout ratio is 40%. The required rate of return is 17%. Its return on equity is 23%. a) What is the share price of St Lucia Green Ltd. if it does not pursue a growth strategy? b) Suppose St Lucia Green now has a plan to pursue a growth strategy. Calculate...
A company that sells eco-friendly cleaning products is concerned that only 18.5% of people use such...
A company that sells eco-friendly cleaning products is concerned that only 18.5% of people use such products select their brand. A marketing director suggests that the company invest in new advertising and labeling to strengthen its green image. The company decides to do so in a test market so that the effectiveness of the marketing campaign may be evaluated. Based on data collected in the test market, the company constructed a 98% confidence interval for the proportion of all consumers...
Chapter 2:   Wicked Candles, located in Nederland, Texas has been manufacturing organic and eco-friendly 100% soy...
Chapter 2:   Wicked Candles, located in Nederland, Texas has been manufacturing organic and eco-friendly 100% soy candles since 2015, selling through retail stores and also directly through their own Web site. Unfortunately, Wicked Candles manufacturing facilities experienced record rain falls (60.5 inches) and historic flooding during Hurricane Harvey on August 25, 2017. Wicked Candles inventory was completely ruined, and the company’s computer system, including all accounting records, was destroyed. Evanora Kalinya, the company’s owner, is anxious to salvage whatever records...
How should we think about fair trade coffee and other attempts at eco-friendly products and services?...
How should we think about fair trade coffee and other attempts at eco-friendly products and services? Are they a benefit or a hazard to CSR and efforts toward sustainability ?
As Americans have become more environmentally conscious, there has been a social shift in general public’s...
As Americans have become more environmentally conscious, there has been a social shift in general public’s feelings towards recycling. In recent years, a number of companies have gone into the business of collecting used newspapers from households and recycling them. A financial analyst for one such company has recently determined that the firm would make a profit if the mean weekly newspaper collection from households exceeded 2 pounds.The test statistic is found to be t = 2.480. Match the probabilities...
*This exercise must be done in MINITAB** In recent years, consumers have become more safety conscious,...
*This exercise must be done in MINITAB** In recent years, consumers have become more safety conscious, particularly about children's products. A manufacturer of children's pajamas is looking for material that is as nonflammable as possible. In an experiment to compare a new fabric with the kind now being used, 50 piece of each kind were exposed to an open flame, and the number of seconds until the fabric burst into flames was recorded. Because the new material is much more...
Case One: Green Machine, Inc. Green Machine, Inc., a company devoted to producing eco-friendly household products,...
Case One: Green Machine, Inc. Green Machine, Inc., a company devoted to producing eco-friendly household products, is a wholly owned subsidiary of Colossal Corporation. Green Machine's most famous and best-selling product is the Eco-Widget—a handheld, solar-powered device that recharges a variety of electronics on the go, including cell phones, laptops, and tablets. Colossal Corporation has uncovered an incident of theft at Green Machine: Approximately one month ago, over 400 Eco-Widgets were stolen from Green Machine's Adelphi, Maryland warehouse. Shortly after...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT