Question
The ages of a group of 10 people are as follows: 25,
28, 30, 32, 35, 35, 38, 40, 42, and 45. Calculate the mean and median age of this group.Solution
Mean (Average) = (Sum of all ages) / (Number of people) Mean = (25 + 28 + 30 + 32 + 35 + 35 + 38 + 40 + 42 + 45) / 10 Mean = 350 / 10 Mean = 35 To calculate the median, first, arrange the ages in ascending order: 25, 28, 30, 32, 35, 35, 38, 40, 42, 45. Since there are 10 numbers, the median will be the average of the 5th and 6th numbers, which are both 35. Median = (35 + 35) / 2 Median = 35
For decision making to exist, there needs to be at least ______ alternative(s) available.
How does a cost-benefit analysis contribute to selecting the best solution?
The __________ management function is most closely related to decision making.
Why is it important to communicate the decision to relevant stakeholders?
What does the final step, making the decision, involve?
Leaders use specific and different styles when contemplating decisions. One such style is the directive decision making style. Which of the following is...
Why is it important to consider ethical implications when identifying possible solutions?
Non-Programmed decisions address the _________ problems.
In the decision-making process, which of the following is the most essential element required?
Decision making process first requires identification of problem. Which of the following types of problems can be considered here?
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