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The closing price of a company's stock tomorrow can be lower,higher or the same as today's closing price.Based on the closing price of the stock collected over the last month,25% of the days the closing price was higher than previous day's closing price,45% was lower than previous day's and 30% was the same as previous day's.Based on this information,the probability that tomorrow's closing price will be higher than today's is 25%.This is an example of using which of the following probability approach?
Leadership Styles
The various approaches and methods leaders use to motivate, guide, and manage teams.
Group Decision Making
The process whereby multiple individuals come together to analyze problems, consider solutions, and agree on a course of action.
Transformational Leaders
Individuals who inspire and motivate followers to achieve extraordinary outcomes by transforming their beliefs and values.
Transactional Leaders
Leaders who focus on the exchanges between themselves and their followers, using rewards and punishments to achieve organizational goals.
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