subject
Business, 02.08.2019 09:30 patricklcc07777

The ability to look critically at data and assess its validity is a vital managerial skill. when decision makers are presented with wrong data, the results can be disastrous. and these problems can get amplified if bad data is fed to automated systems. as an example, look at the series of man-made and computer-triggered events that brought about a billion-dollar collapse in united airlines stock. in the wee hours one sunday morning in september 2008, a single reader browsing back stories on the orlando sentinel's web site viewed a 2002 article on the bankruptcy of united airlines (ual went bankrupt in 2002, but emerged from bankruptcy four years later). that lone web surfer's access of this story during such a low-traffic time was enough for the sentinel's web server to briefly list the article as one of the paper's "most popular." google crawled the site and picked up this "popular" news item, feeding it into google news. early that morning, a worker in a florida investment firm came across the google-fed story, assumed united had yet again filed for bankruptcy, then posted a summary on bloomberg. investors scanning bloomberg jumped on what looked like a reputable early warning of another united bankruptcy, dumping ual stock. blame the computers again—the rapid plunge from these early trades caused automatic sell systems to kick in (event-triggered, computer-automated trading is responsible for about 30 percent of all stock trades). once the machines took over, ual dropped like a rock, falling from twelve to three dollars. that drop represented the vanishing of $1 billion in wealth, and all this because no one checked the date on a news story. welcome to the new world of paying attention (harvey, 2008)!

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:40
Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?
Answers: 2
question
Business, 22.06.2019 10:30
Describe three scenarios in which you might utilize mathematics to investigate a crime scene, accident scene, or to make decisions involving police practice. be sure to explain how math is used in police as they work through each scenario.
Answers: 1
question
Business, 22.06.2019 18:30
Which of these is an example of innovation?
Answers: 2
question
Business, 22.06.2019 19:20
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as
Answers: 2
You know the right answer?
The ability to look critically at data and assess its validity is a vital managerial skill. when dec...
Questions
Questions on the website: 13722367