Minimize Biases

User Generated

gehqavpx

Business Finance

Description

While risks may be obvious in a project, individual biases can influence the ability for change to be effective and may be more subversive. The purpose of this assignment is for you to explore potential biases that can alter the outcome of a needed change and to identify ways to identify and minimize these biases. This assignment is important as it presents a differing way of examining analytics and the perception that data is an objective tool for making decisions.

How to Minimize Biases and Increase Objective Decision Making (Individual)

Data analysis is about using information and knowledge to make decisions. Although it can be presumed that the data is objective, it is possible to skew results due to heuristic errors and biases.

Identify three biases that can influence the outcome of an analysis.

Explain what they are and how they arise.

Provide suggestions on how each bias can be minimized or overcome.

Complete the provided table.

Unformatted Attachment Preview

WK3 Individual Assignment MGT/362 How to Minimize Biases and Increase Objective Decision Making Identify three biases that can influence the outcome of an analysis Describe the bias (1 point possible) POINTS COMMENTS: Describe how the bias could arise. Make a suggestion on how each bias can be minimized or overcome. (3 points possible) (3 points possible) (3 points possible) POINTS POINTS POINTS
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

WK3 Individual Assignment MGT/362

How to Minimize Biases and Increase Objective Decision Making
Identify three biases that can
influence the outcome of an analysis

Describe how the bias could
arise.

Make a suggestion on how
each bias can be minimized or
overcome.

(3 points possible)

(3 points possible)

(3 points possible)

Information bias occurs when there are
measurement errors thus giving false
findings. It is also common in cases of
misclassification of information which
leads to the unintended results (Hudson,
2015). It may also aris...


Anonymous
Really useful study material!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags