Which of the Following Statements Is True About Programmed Decisions

question 67

Multiple Choice

Which of the following statements is true about programmed decisions?

• A) Top managers usually face these decisions.
• B) They are made in response to problems that are either complex or novel.
• C) These decisions are made when the nature of the problem is well-defined.
• D) Past decisions are of little help while making these decisions.

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Definitions:

Test Statistic

A test statistic is a standardized value that is calculated from sample data during a hypothesis test. It's used to determine whether to reject the null hypothesis.

P-Value

The likelihood of obtaining results from a test that are at least as significant as those observed, on the premise that the null hypothesis is valid.

Null Hypothesis

A default hypothesis that there is no significant difference or effect, typically to be tested against an alternative hypothesis.

P-Value

The probability of observing test results at least as extreme as the results actually observed, assuming that the null hypothesis is true.