Question
In a box there are 3 red, 6 blue, and 9 yellow
cards. One card is picked up randomly. What is the probability that it is neither red nor yellow?Solution
Total number of cards = 3 + 6 + 9 = 18 Let E= event that the card drawn is neither red nor yellow = event that the card drawn is blue. n(E) = 6 P(E) = 6/18 = 1/3
As per the behavioural theory of decision making by Herbert Simon, there are three essential stages in the act of problem solving and decision making. W...
Which of the following is a not feature of a programmed decision?
Which type of decision is typically routine and repetitive, often governed by rules and policies?
The __________ management function is most closely related to decision making.
What type of bias relies too heavily on one piece of information in making a final decision?
One technique of decision making is a type of brainstorming technique that requires participants to pen down the ideas individually and then rank the id...
What do we call a course of action purposely chosen from a set of options to achieve organizational or managerial objectives or goals?
What is the benefit of using problem-solving techniques, such as the 5 Whys?
Decision Matrix is a type of __________ technique of decision making.
Which of the following will not be part of Rational decision making?
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