Critical Evaluation Flashcards
Frequency distributions
Refers to organizing a data set chronologically
Central tendency
An attempt to describe a data set with a single value and include the mean, medan, mode, quartiles, and percentiles
Variance analysis
The difference between actual performance and expected performance
Ratio analysis
Compares organization or industry standards to data in financial statements to measure a company’s financial health
Trend analysis
Used to forecast the future state; measures variance over time to determine if results are isolated or if results identify trends
Regression analysis
Used to determine the degree to which variables are related to each other
Root cause analysis
Used to determine the fundamental cause of a result; working backward, each case is analyzed until the root cause is identified
Measurement bias: Stereotyping
Using personally held beliefs about groups of people to draw conclusions about a specific situation
Example: men do not make good administrative assistants because they lack the ability to multitask
Measurement bias: Inconsistency
Manipulating data to draw selective rather than representative conclusions
Example: A male employee sexually harasses a female employee at a company event. The harassment is witnessed by 12 people, three of whom are men. The HR pro only interviews the three male employees.
Measurement bias: First-impression effect
Forming opinions based on first impression rather than the objective data collected
Measurement bias: Negative emphasis
Placing the most emphasis on a small amount of negative and irrelevant information
Measurement bias: halo effect/horn effect
Emphasizing either positive information (halo) or negative information (horn) over all else
Measurement bias: Nonverbal bias
Placing too much emphasis on body language and other nonverbal cues
Measurement bias: contrast effect
Comparing all statements against all other statements
Measurement bias: Similar to me
Being influenced by shared personal characteristics