Question
As per Herbet Simon’s bounded rationality theory,
the decision made is ______ in nature.Solution
According to Simon, because of bounded rationality, the decision made is ‘satisficing’ in nature i.e. they only satisfy and suffice but not maximise. Thus, a decision maker is looking for a satisfactory solution for a problem in the given situation and the constraints and not for the ideal solution as that may lead to an endless search.
If 8 times the eighth term of an Arithmetic Progression (AP) is equal to 12 times its twelfth term, then the 20th term of the AP will be
Find the mode for the given distribution.
(rounded off to two decimal places).
what is the mean of given numbers 25, 15, 12, 23, 15,
The area of a square is 900 cm2 which is 120 cm2 less than that of a rectangle. Find the perimeter of the rectangle if the length ...
Present average age of A, B and C together is 44 years. Age of B is 12 Years hence from now will be 260% more than age of A, Four years ago from now whi...
15 is divided in three parts which are in arithmetic progression (A.P.) in such a way that the sum of their square is 83. Find the smallest part?
The sum to n terms of the series 1 + 1 + 3 + 1 + 3 + 5 + 1 + 3 + 5 + 7 …………………… is
The mode of the sample data = is 24 and the median = 80. Find the mean of this distribution
Find the standard deviation of the following data (rounded of the two decimal places).
5,3,4,7
Mean of a grouped data calculated using direct method, assumed mean method or step deviation method:
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