The Type of Decision-Making in Which the Solution Is Considered

question 24

Multiple Choice

The type of decision-making in which the solution is considered "good enough" is known as which of the following?

• A)minimizing
• B)rationalizing
• C)maximizing
• D)satisficing

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Definitions:

Probability

The quantification of the chance that a specific outcome or event will take place.

Catch Fish

The act of capturing fish either for personal consumption, sport, or commercial purposes, typically using tools like nets, fishing rods, or traps.

Random Variable

A variable whose values are determined by the occurrences of an unpredictable event.

Occurrences

The instances or frequencies at which a specific event or outcome is observed.