According to Peter G

question 56

Multiple Choice

According to Peter G. Keen, a former MIT professor, which is a benefit of a decision support system (DSS) ?

• A)Easy assessment of costs and benefits
• B)Ability to cause improvements
• C)Focus on efficiency rather than effectiveness
• D)Fast response to unexpected situations

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Definitions:

Spearman's Rank

A non-parametric measure of rank correlation that assesses how well the relationship between two variables can be described by a monotonic function.

Correlation Coefficient

The correlation coefficient is a statistical measure that calculates the strength and direction of a linear relationship between two quantitative variables.

Paired Observations

Data collected in pairs such that each observation in one group is related or matched to an observation in another group.

Spearman Rank Correlation

An unparametric method for determining rank correlation that evaluates the extent to which two variables' relationship can be characterized by a monotonic function.