When GE Was Deciding Whether to Make or Buy Washing

question 35

Multiple Choice

When GE was deciding whether to make or buy washing machines, which of the following models of decision- making did it use?

• A)Rational
• B)Incrementalist
• C)Unstructured
• D)Carnegie

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Definitions:

Random Sample

A group of people selected from a bigger group, with every person having the same probability of being chosen.

Standard Deviation

A statistical tool that measures the extent of variation or scattering of values in a dataset, pointing out how much the data varies from the mean.

Normal Population

A statistical population that follows a normal distribution, characterized by its bell-shaped curve where most observations cluster around the central peak and the probabilities for values to occur are symmetrically distributed around the mean.

Mean Age

The average age calculated by adding all the ages together and dividing by the number of individuals.