Stat Unit 4 DB - would be they could be facing some serious...

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1. Describe ways in which the use of MS Excel as a tool for interpreting data can be used by a manager of an organization. Excel is an electronic spreadsheet program that can be used for storing, organizing and manipulating data. The Microsoft Excel program has made monitoring business data much easier and more accurate by creating formulas and data equations that allow managers to maintain an up to date account of their businesses activities. With strong accounting controls, specialized technologies and centralized processing, Excel is able to provide accurate financial information to the decision makers in businesses It does the data manipulation and data graphics companies need for most reports and analysis. For example, banking managers use Excel to calculate repayment plans for loans and mortgages. Advertising managers use Excel in graphing and charting data to assist their clients in identifying the latest trends in their market. If the company used this survey as an outline to what the ideal candidate for employment
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Unformatted text preview: would be, they could be facing some serious legal issues. First, the number of male employees versus female employees isn’t equal. This could be considered a violation of the civil rights act. If going by majority using this data, the ideal candidate for employment would be a man between the ages of 50 – 65. If this survey was used as a tool in hiring new employees, age and sexual discrimination could be used against the company. References: Bluman, A. G. (2010). Elementary Statistics A Brief Version, 5th Edition. New York, NY: McGraw-Hill. Thirtle, M. (2010, March 1). Week 4 Chat. AIU Live Chat . Hoffman Estates, IL, USA: American InterContinental University. What potential legal and ethical issues could arise if the information gained in this survey was used to create an ideal profile of characteristics that the company looked for when hiring employees?...
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