Describe and Demonstrate Some of the Similarities and Differences Between

question 6

Essay

Describe and demonstrate some of the similarities and differences between principles and values. Why are principles and values important normative considerations in ethical decision making?

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Definitions:

Sample Mean

The average value computed from a subset (sample) of a population, used to estimate the population's mean.

Sample Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of sample data values.

Variance

A measure of the spread or dispersion of a set of values, indicating how much the values differ from the mean of the set.

Risk

Exposure to uncertainty or potential financial loss; the chance that an investment's actual gains will differ from expected gains.