Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Management Theories Expert

Causality and Correlation:

Often there may be a connection among 2 events: That is, when event happens, event B tends to happen.  However, this does not mean that A causes B; causality is not the same as correlation. An example is that statistics show a correlation between the expansion rate of grass and the consumption of gasoline. Does this mean that enlarged use of gasoline makes the grass grow? Unlikely. In fact, there is a separate, familiar, causal factor: Grass grows most in the spring and summer, when the weather  is best. The amount of travel by common in the United States increases in the summer, hence, the biggest gasoline consumption. The season is the fundamental factor. The message here is to make certain you are not mistaking correlation for causality: Be systematic.

 


 

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M9511647

Have any Question?


Related Questions in Management Theories

Assignment -instructions - please follow instructions for

Assignment - Instructions - Please follow instructions for all for Personal Learning Journal. And each personal learning journal should be of 300words. Each student will keep a personal journal to reflect and record thei ...

The following are amounts of time minutes spent on hygiene

The following are amounts of time (minutes) spent on hygiene and grooming in the morning by survey respondents (based on data from an SCA survey). 15, 16, 18, 25, 26, 30, 32, 41, 45, 55, 63. Does the number 63 appear unu ...

Business research assignments -assessment 1 - literature

Business Research Assignments - Assessment 1 - Literature Review (2000 to 2500 words) For this assessment, students are expected to demonstrate their understanding of the extant, academic literature related to an approve ...

Questionwrite a paper of 1000-1500 words that addresses the

Question: Write a paper of 1,000-1,500 words that addresses the following: 1. Discuss two or three of the major shifts that have occurred in managerial theories and concepts pertaining to the evolution of human resources ...

What is the difference between a linear quadratic and cubic

What is the difference between a linear, quadratic, and cubic regression analysis? Please provide a reference.

In this unit we learned about management organizational

In this unit, we learned about management, organizational structures, and open and closed systems. Write an essay in which you expand on the following topics: Describe management, organization, and leadership in relation ...

Watch the lynda video wayne winston on analyticswrite a 4-

Watch the Lynda video, "Wayne Winston on Analytics." Write a 4- to 5-page proposal to your current or previous company's executives discussing how analytics can be used in your company to improve sales through your retai ...

What is the result of a price ceiling and why do some

What is the result of a price ceiling? And why do some consumers tend to favor price ceilings and others tend to oppose it?

Suppose that for a given patient the true ef is 63 consider

Suppose that, for a given patient, the true EF is 63. Consider the population of EF values that can be estimated on that patient using option II above. That population follows a normal distribution with μ= 63. Find the p ...

Identify a health technology or a specific aspect of a

Identify a health technology or a specific aspect of a payment system that is changing for your health care setting. Work as a team to prepare a PowerPoint presentation to educate and inform your co-workers about the rec ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As