Independence: Difference between revisions
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1. ''Ethics''. | |||
Thinking and acting without the influence of others. | Thinking and acting without the influence of others. | ||
Independence is one of the fundamental principles of the ACT's Ethical Code, namely independence in making professional judgements and in giving opinions and statements. | Independence is one of the fundamental principles of the ACT's Ethical Code, namely independence in making professional judgements and in giving opinions and statements. | ||
2. ''Statistics.'' | |||
In statistics, two events are independent if the outcome of one of the events has no effect on the probability of the other. | |||
For example, the outcomes of two successive flips of a fair coin. | |||
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* [[ACT Competency Framework]] | * [[ACT Competency Framework]] | ||
* [[ACT Ethical Code]] | * [[ACT Ethical Code]] | ||
* [[Central bank independence]] | |||
* [[Conflict of interest]] | * [[Conflict of interest]] | ||
* [[Independent]] | |||
* [[Independent events]] | |||
* [[Senior independent director]] | |||
* [[Statistics]] | |||
* [[Third party]] | |||
[[Category:Ethics]] | [[Category:Ethics]] | ||
Latest revision as of 09:54, 11 September 2022
1. Ethics.
Thinking and acting without the influence of others.
Independence is one of the fundamental principles of the ACT's Ethical Code, namely independence in making professional judgements and in giving opinions and statements.
2. Statistics.
In statistics, two events are independent if the outcome of one of the events has no effect on the probability of the other.
For example, the outcomes of two successive flips of a fair coin.
