What Does a Code of Ethics Include

question 31

Multiple Choice

What does a code of ethics include?

• A) values, principles, and expectations
• B) analysis, brainstorming, and action
• C) research, strategy, and objectives
• D) legal principles, actions, and sanctions

Understand the concept of confidence intervals and their application in estimating population parameters.

Identify the factors influencing the width of a confidence interval (confidence level, sample size, population standard deviation).

Understand the interpretation and correct usage of the level of confidence and significance level (α).

Calculate and interpret the margin of error in the context of confidence intervals.

---

Definitions:

Complex Decisions

Decisions that involve multiple factors, variables, or outcomes, often requiring significant judgement and analysis to resolve.

Market System

Refers to the network of buyers, sellers, and other actors that come together to trade in a given product or service.

Ultimatum Game

An economic experiment in which two players decide how to divide a sum of money; one proposes the split, and the other accepts or rejects it, demonstrating negotiation and fairness standards.

Utility

Numerical score representing the satisfaction that a consumer gets from a given market basket.