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Statistics and Probability

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Ethics and Descriptive Measures

STATS-X107AK

Willy Wily is a realtor in a small beach community on the ocean. Recent home sales on the beach have been:

$$\$2,000,000$$ $$$500,000$$ $$$300,000$$ $$$100,000$$ $$$100,000$$

On a typical day, Mr. and Mrs. Moneybags came in to talk to him about selling their house. "Hire me," he said, "houses are selling for \$600,00."

Later the same day, Mr. and Mrs. Smallchange came in to talk to Willy about buying a house. "Hire me," he said, "houses are selling for \$100,000."

Willy seems to be contradicting himself. Is there an ethical dilemma here?

A

Yes, Willy is making up those numbers.

B

Yes, Willy is deceiving clients by using different measures of central tendency.

C

No, Willy can use whatever numbers he wants and still act ethically.

D

No, ethics does not apply to the use of statistics.