07_Measurement_Theory - In many instances, we can not...

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Click to edit Master subtitle style Measurement Theory ACCY 560 Information in Value Creation June 27, 2011
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Submitting assignments Assignment name-Your last name, Your first  name Assignment name-Your team number title
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Risk preference for gambles
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What is measurement? The assignment of numerals and other symbols to  represent the magnitude of an attribute of a phenomenon Only  has  quantit ative  meanin g if we  so  choose A function  (f)  or rule  of  correspond ence that  maps  members  in one set  to  in another  Event/object  of interest Characteristic or quality  of the event/object of  interest
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Estimation in measurement
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Unformatted text preview: In many instances, we can not directly observe the phenomenon and/or the attributes of interest Thus, we must estimate either or both the phenomenon and attributes of interest The concept of estimation Estimation Approximate calculation Statistical procedure Opinion or judgment Which types of estimation does accounting employ? Brewing labor estimator Scatter plot of 26 observations Linear estimator Next class June 28, 2011 Intellectual Capital Read Stewart, Pillars of Knowledge Lev, Chapter 2 Case Assignment Intellectual Capital at Eli Lilly & Safeway...
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07_Measurement_Theory - In many instances, we can not...

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