______ is a decision-making process in which an individual makes a choice that is satisfactory rather than optimal.
Satisficing is a decision-making process in which an individual makes a choice that is satisfactory rather than optimal.2It would require a great deal of effort – and may not even be possible – to gather all the necessary information in order tomake the best decision, and satisficing thus represents the kinds of decisions we are actually capable of making. Satisficing is all about making ‘good enough’ decisions instead of perfect ones.
If the average marks of the three batches 32, 45 and 54 student respectively is 50, 42 and 35, then find the approximate average mark of all the students?
The average age of Anuj, Saroj and Tanuj is 36 years. The average age of Anuj and Saroj is 30 years, while the average age of Tanuj and Anuj is 36 years...
In an exam of 100 marks, the average marks of a class of 38 students are 72. If the top 3 scorers of the class leave, the average score falls “dow...
The average expenditure of Mr. Sharma for January to June is Rs. 4200 and he spent Rs. 1200 in January and Rs. 1500 in July. The average expenditure for...
The average of 25 numbers is 40. If 2 is added to each number, then the new average will be:
The average expenditure of a man for the first 4 month is Rs.4000 and for the next 8 months is Rs.6000. If he saves 11000 in that year then find his ave...
A kiosk has different brands of chips. 70% of the stores' sales are from selling potato chips. 30% of the sales are from 3 other chips and wafers. Every...
The average of n numbers is 60. If each of 55% of the numbers is increased by 16 and each of the remaining numbers is decreased by 12, then the n...
Average of 8 numbers is 50. If average of first four and last two numbers is 40 and 35, respectively then find the fifth number given that ratio of fift...
The average of four numbers (z+16), (y+15), (y-25) and 1.2z is (y-6). If one more number which is 144 is added then the new average will be (y-1). The v...
