Question

In: Economics

Discuss the ethical issues one should consider when creating a graph from data. Provide two examples...

Discuss the ethical issues one should consider when creating a graph from data. Provide two examples of how individuals could be unethical in the graphical display of data and explain why each is unethical.

Solutions

Expert Solution

There are ethical issues in graphical representation of data because of problems with the data itself and misleading observations from the graph. Dince the data is usually collected through surveys, there may be errors in reporting or bias in sampling. For instance, most survey data are npt reliable for studying income distribution of the rich because the rich usually underreport or not report at all. A graph showing the income distribution among the rich may show too much clustering along the lower end, resulting in bias. Another problem is when a graph created is inappropriate for the purpose of the study. For instance, if you create a line graph to show the relationship between income and education, it may be too messy to interpret or may not give any revealing insights. Perhaps a bar graph may be better for the purpose. These kind of misleading interpretations may result due to bad choice of graphs.


Related Solutions

IV. Briefly discuss one or two past or present ethical issues related to Nestlé. Then provide...
IV. Briefly discuss one or two past or present ethical issues related to Nestlé. Then provide potential solutions on how management should resolve these problems. (A few good sources: item 3 – legal proceeding in your firm’s 10k, your firm’s website & news articles about your firm).
Discuss two advantages of using a database for storing data and provide examples to demonstrate these...
Discuss two advantages of using a database for storing data and provide examples to demonstrate these benefits.
What are some ethical issues that can arise when dealing with data?
What are some ethical issues that can arise when dealing with data?
What are the benefits and ethical issues associated with genomics? Does genomics alleviate disparities? Provide examples...
What are the benefits and ethical issues associated with genomics? Does genomics alleviate disparities? Provide examples and justify your answer.
1.    Discuss legal and ethical issues related to administration of the wrong medication. Provide a rationale to...
1.    Discuss legal and ethical issues related to administration of the wrong medication. Provide a rationale to support your response.
Discuss how Boeing should address ethical issues as they relate to managerial accounting. For example, are...
Discuss how Boeing should address ethical issues as they relate to managerial accounting. For example, are there written regulatory or legal guidelines concerning managerial accounting improprieties, are employees evaluated on ethical behavior related to managerial accounting, and how are violations in managerial accounting ethical behavior addressed.
Discuss the differences in ethical thinking when one interacts with technology vs. face-to-face. 1.What ethics issues...
Discuss the differences in ethical thinking when one interacts with technology vs. face-to-face. 1.What ethics issues and principles relate to this topic? 2. How would a foundation in ethics principles help to prevent these ethics issues?
What makes the practice of accounting/auditing/business challenging from an ethical perspective? Provide at least two examples...
What makes the practice of accounting/auditing/business challenging from an ethical perspective? Provide at least two examples of decisions that accountants/auditors/business practitioners must make that have ethical dimensions. Put yourself in the position of the decision-maker in your examples, and identify decision tools, processes, theories, or other useful perspectives that would help you to make ethical decisions in the examples you chose
Consider the following two income redistribution proposals. Discuss the issues to be considered when thinking about...
Consider the following two income redistribution proposals. Discuss the issues to be considered when thinking about adopting these proposals from the Utilitarian and Rawlsian viewpoints. A) The plan ends of taking $5.6 milllion from the highest 10% income households and $400,000 from the lowest 50% income households and ends up giving $5.5 milllion to the remaining households in the economy. B) The plan takes $7 million from the highest 20% income households and ends up giving $2 million to the...
Please provide and discuss two examples of positive externalities and two examples of negative externalities. Choose...
Please provide and discuss two examples of positive externalities and two examples of negative externalities. Choose any two of these four examples and discuss what the government could do to correct these market failures.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT