Real-Time Information Is Information That

question 118

Multiple Choice

Real-time information is information that:

• A) is obtained with little or no delay.
• B) is based only on past performance.
• C) focuses on futuristic forecasts.
• D) is based on adjusted predictions.
• E) is discounted for the futurE.

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Definitions:

Deming Approach

A management philosophy focused on quality improvement and reduction of variability through statistical methods, named after W. Edwards Deming.

Philosophy

The study of fundamental questions related to existence, knowledge, values, reason, mind, and language.

Entirety

The whole of something, complete and total without exclusion of any part.

Theoretical Normal Distribution

A statistical concept that describes how values of a variable are distributed in a way that most of the observations cluster around the mean, forming a symmetrical bell-shaped curve.