Selecting the First Alternative That Meets the Minimal Criteria Is

question 64

Multiple Choice

Selecting the first alternative that meets the minimal criteria is known as __________.

• A) satisficing
• B) optimizing
• C) rationalizing
• D) none of these

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Definitions:

Parameters

Numerical values that summarize data for the entire population.

Mean

The arithmetic mean is computed by summing all the numbers in a set and then dividing by the total number of entries in that set.

Standard Deviation

A gauge for the level of deviation or dispersion within a group of quantities.