If You Are Involved in an Important Decision in Your

question 139

Multiple Choice

If you are involved in an important decision in your organization and are looking for some assistance in developing alternative solutions to a problem and choosing the best solution,what might be helpful?

• A)evidence-based management
• B)big data
• C)crowdsourcing
• D)analytics
• E)group decision making

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Definitions:

Sampling Distribution

The probability distribution of a given statistic based on a random sample.

Sample Size

The number of observations or data points collected in a sample from a larger population.

Normal Distribution

A symmetric, bell-shaped distribution characterized by its mean and standard deviation, where most observations cluster around the mean.

Sample Means

The arithmetic average of a set of values or observations, calculated as the total sum divided by the number of observations in the sample.