Which of the Following Is Important to Remember in Evaluating

question 4

Multiple Choice

Which of the following is important to remember in evaluating the effectiveness of the decision- making process?

• A) You should ignore criticism concerning the decision- making process.
• B) Ninety percent of problems with decision making occur in the implementation step.
• C) You will have to restart the decision- making process if the decision is less than 50 percent effective.
• D) You may have to start the whole decision process over.

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Definitions:

Discrete Probability Distribution

A statistical function that describes the likelihood of each possible outcome of a discrete random variable occurring.

Mean

The average of a set of values, calculated by summing all the values and dividing by the number of values.

Discrete Random Variable

A random variable that has countable outcomes, such as the number of heads in a series of coin flips.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space when these events occur with a known constant rate and independently of the time since the last event.