Question
Which one of the following is the arithmetic mean of
β3 - β2 and its reciprocal?Solution
Now reciprocal of β3 - β2 => 1/(β3 - β2) => (β3 + β2)/[(β3 + β2) (β3 - β2)] => (β3 + β2)/[(β3)2 - (β2)2] => (β3 + β2)/(3 β 2) => β3 + β2 Hence, the required arithmetic mean, => [(β3 - β2) + (β3 + β2)]/2 => 2β3/2 => β3
What does the final step, making the decision, involve?
Which of the following will not be a part of decision making process?
What is the benefit of using problem-solving techniques, such as the 5 Whys?
Which of the following correctly defines decision making?
As per Herbet Simon’s bounded rationality theory, the decision made is ______ in nature.
Rational decision making is relies on _______
In which decision-making technique do experts provide their opinions anonymously to avoid bias, and a consensus is reached after several rounds?
Why is it crucial to clearly define the problem in decision-making?
What type of bias relies too heavily on one piece of information in making a final decision?
How does feedback play a role after making a decision?