Different processes for making assumptions from data

Assignment Help Business Management
Reference no: EM131447019

Consider the following data. Often used interchangeably in dialogue, induction and deduction actually refer to very different processes for making assumptions from data. Both are explanations for the natural human action of forming evidence-based conclusions about the environment. However, inductive reasoning starts with specific data and generalizes, while deductive reasoning starts with the general and moves toward the specific. Review the information on deductive and inductive reasoning in your Thinking text before completing the following exercises.

Consider how the following inductive arguments could have been constructed:

  • Senior staff members are less likely to accept change.
  • All salesmen are crooks.
  • Any proposal made by Rick is going to be flawed.Now, based on the following premises, what can you deduce?
  • Cheryl is a slow typist. I have a large project that needs transcribing.
  • I am always really sleepy on Monday mornings. I have a meeting this Monday morning.
  • My computer is slow and frustrating. I have to be online a lot today for a video conference. As you consider your response, review other readings and conduct additional research. Contemplate the following statements and questions about inductive and deductive reasoning and incorporate them into your writing as you formulate your response. You do not necessarily have to answer these directly, but they are intended to stimulate your critical thinking process, and they should form a background for your response. Evidence of your reasoning will be a component of your grade.Reflect on the difference between inductive and deductive reasoning.Deliberate on how each is utilized in drawing inferences and assumptions in critical thinking.Write a scholarly response based on your research, your critical thinking, and your own experiences. In your response you should:
  • Develop an inductive statement and a deductive statement, and post them to the Discussion Board. Include the reasoning behind the structure of the argument, as well as your assessment. Which statement was more difficult to write?
  • As a manager, when and how would you use inductive and deductive reasoning in decision making? Is there a time when it would be preferable to use one but not the other? Justify your response using a scholarly source.
  • How would you avoid reaching wrong conclusions by using these reasoning processes?

Reference no: EM131447019

Questions Cloud

What is the importance of george kingstons journal : What does this document tell us about the institution of slavery? What tips do the owners of the Dispatch issue to the captain before he sets out for Africa and subsequently the West Indies or South Carolina in 1725? What is the importance of Geor..
Works eight consecutive hours : A dealer may start work at the beginning of any one of the six shifts and, having begun, works eight consecutive hours. A.  Find the employee schedule that minimizes the total number of dealers required, meeting the minimum level of each shift's re..
What is the income tax consequence of the sale : Randy has ten shares of stock that he bought on March 1, Year 1, for $5 each. On March 1, Year 2, he sells all of the shares for $200. What is the income tax consequence of the sale?
Prepare a cost of production report for filling department : Prepare a cost of production report for the Filling Department for December. If an amount is zero, enter "0". If required, round your cost per equivalent unit answers to two decimal places.
Different processes for making assumptions from data : Consider the following data. Often used interchangeably in dialogue, induction and deduction actually refer to very different processes for making assumptions from data.
Discuss the competencies that hr professionals need : 1. Name and discuss the competencies that HR professionals need. 2. Why do you think non-HR managers are becoming more involved in developing and implementing HRM practices.
Legal environment of that country or region : 1) Select a country abroad which you would recommend a U.S. company to consider expanding their operations into. 2) You will describe the political, legal environment of that country or region as well as the business conditions.
How would deeres deferred tax assets : MFE6110 - Case - Income Taxes - How would Deere's deferred tax assets and deferred tax liabilities be affected if the federal statutory tax rate was changed to 38 percent? Would a change in rate be beneficial or detrimental to Deere?
Organizational behavior can enhance job performance : Describe how understanding Organizational Behavior can enhance job performance.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd