THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 73

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Suppose that x₁ and x₂ are random samples of observations from a population with mean μ and variance σ².Consider the following three point estimators,X,Y,and Z,of μ: X = (x₁ + x₂)/2,Y = (x₁ + 3x₂)/4,and Z = (x₁ + 2x₂)/3.
-Which of the estimators X,Y,and Z is the most efficient?

Define and explain the concept of sustainable competitive advantage and its significance in strategic management.

Recognize the different opportunities for developing competitive advantage and the limitations thereof.

Understand the roles and responsibilities of inside directors and the importance of effective board governance in strategic management.

Comprehend the critical tasks of strategic leadership including resource allocation and the creation of a culture of urgency.

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Definitions:

Permanent Members

Individuals who hold a fixed and ongoing position within a group or organization, as opposed to temporary or rotating members.

High-performance Outcomes

Refers to the superior results achieved through focused strategies, advanced skills, and collaborative efforts in various contexts such as business, sports, or personal development.

Work Schedule

The structured outline of work hours, days, and shifts allocated to employees by an organization.

Automobile Assembly Line

A manufacturing process in which parts of a car are assembled in a sequential manner, moving from one workstation to the next.