Question
A box contains 5 red balls and 3 blue balls. Two balls
are drawn at random without replacement. Find the probability that both balls are of the same colour.Solution
Total balls = 5 + 3 = 8 Total ways to choose 2 balls = 8C2 = 28 Favourable cases: Both red: 5C2 = 10 Both blue: 3C2 = 3 Total favourable = 10 + 3 = 13 Probability = 13 / 28.
Which of the following is a common bias that can affect managerial decision-making?
What is the risk of choosing a solution solely based on personal preferences?
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_________ is a branched flowchart showing multiple pathways for potential decisions and outcomes.
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What can be a consequence of not eliminating other solutions before making a decision?
Which of the following is not a feature of strategic decisions?
Rohan wants to buy a laptop. He wants a laptop that has 5 GB RAM, cost less than Rs.30,000 and is light weight. Which of the following step of rational ...
The bounded rationality model can be used in the following situations except when __________
