Paper instructions: Ethical Issues page 153 The following is an extract from our textbook Text Book: Levine, D.L., et al. Statistics for Managers Using Microsoft EXCEL w/Student CD Package 6/E. Pearson, 2015. 0.13.703519.5 Ethical issues can arise when any statements related to probability are presented to the public, particularly when these statements are part of an advertisingcampaign for a product or service. Unfortunately, many people are not comfortable with the numerical concepts (see reference 4) and tend to misinterpret themeaning of the probability. IN some instances, the misinterpretation is not intentional, but in other cases, advertisements may unethically try to mislead potentialcustomers. One example of a potentially unethical application of probability relates to advertisements for state lotteries. When purchasing a lottery ticket, the customer selectsa set of numbers (such as) from a larger list of numbers (such as drawing 6 numbers from a set ranging from 1 through 49). Hence, 649, meaning choose any 6numbers from a set of 49 numbers of any order. Although virtually all participants know that they are unlikely to win the lottery, they also have a very little idea of howunlikely it is for them to select all 6 winning numbers from the list of 49 numbers. They have even less idea of the probability of winning a consolation prize by selecting either 4 or 5 winning numbers. Given this background, you might consider a recent commercial for a state lottery that stated, ?We won?t stop until we have made everyone a millionaire? to bedeceptive and possibly unethical. Question 1. Essay Type Do you think the state has any intention of ever stopping the lottery, given the fact that the state relies on it to bring millions of dollars into its treasury? Is it possiblethat lottery can make everyone a millionaire? Is it ethical to suggest that the purpose of the lottery is to make everyone a millionaire? FORMAT I. Instructions: 1. Use APA format in reporting your answer 2. Number of pages: Approximately 2-3 pages 3. Due date: Week 11 II. Outline 1. Introduction i) Define ethics (do your research) ii) Illustrate the definition with examples iii) Develop your argument for and against the issue on lottery when you answer the questions below iv) State how the remaining part of the essay is organized in the terms sections I and II of the two questions 2. Body i) Is it possible that lottery can make everyone a millionaire ii) Is it ethical to suggest that the purpose of the lottery is to make everyone a millionaire? 3. Summary and conclusion 4. References
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