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The CEO of a struggling company explained to his board the need for terminating employees in order to reduce cost, and added, "I can lay off 2,000 employees now or have all 12,000 of them lose their jobs when the company has to declare bankruptcy." Which of the following school of ethical thought is the CEO following?
Accepting
In statistical hypothesis testing, referring to the decision not to reject the null hypothesis based on the evidence provided by the test results.
Failing to Reject
In hypothesis testing, it is the scenario where there isn’t enough evidence to reject the null hypothesis.
Null Hypothesis
A statement of no effect or no difference, serving as the default assumption to be tested against experimental evidence.
P-value
The probability of observing test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is correct.
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