Bus 101: Lecture 4

Question 1

Principles for data literacy

Answer 1

anticipation, practicality, understandable, attention to detail

Question 2

1. Anticipation

Answer 2

what are the likely consequences of this decision?

Question 3

2. Practical/useful

Answer 3

will the analytics be useful / worth the cost?

Question 4

3. Understandable

Answer 4

Are non-technical decision-makers able to understand and use the information?

Question 5

4. Attention to detail

Answer 5

Small errors can undermine confidence in the results and recommendations

Question 6

Consent is meaningful when…

Answer 6

individuals are provided with clear information explaining what organizations are doing with their information

Question 7

Someone can also consent when they…

Answer 7

don’t opt out in a reasonable time after given a reasonable opportunity to decline by the organization

Question 8

implied consent

Answer 8

a person voluntarily provides the information to the organization and it is reasonable for that purpose.

Question 9

physical security

Answer 9

locked doors and alarms

Question 10

technological security

Answer 10

password protection and encryption on computers and mobile devices

Question 11

administrative security

Answer 11

confidentiality agreements and terms of use for information technology

Question 12

Discrimination…

Answer 12

may or may not be intentional

Question 13

discrimination has occurred when…

Answer 13

an individual has a protected characteristic, and they suffer an adverse impact as a result.

Question 14

Bias (definition 1)

Answer 14

prejudice in favour of or against one thing, person, or group compared with another, usually in a way considered to be unfair.

Question 15

Bias (Stats definition)

Answer 15

a systematic distortion of a statistical result due to a factor not allowed for in its derivation.

Question 16

Confirmation bias

Answer 16

only acknowledging information that supports our position

Question 17

selection bias

Answer 17

using data that is not representative of the population

Question 18

historical bias

Answer 18

Not accounting for the existing impacts of social, cultural, religious prejudices

Question 19

survivorship bias

Answer 19

only looking at the winners

Question 20

availability bias

Answer 20

only using immediately available information

Question 21

outlier bias

Answer 21

outliers may skew your interpretation of the data.