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Which Decision-Making Model Is Most Likely to Be Used When

question 49

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Which decision-making model is most likely to be used when decision makers are undisciplined and have no clear immediate goals?


Definitions:

Simple Random Sample

An element of a statistical population where each member has an equal chance of being included.

Sample Proportion

The fraction of items in a sample that have a particular attribute, used as an estimate of the proportion in the full population.

Population Proportion

The ratio of members in a population who have a certain attribute to the total number of members in the population.

Equal Chance

The principle or condition ensuring that all outcomes or members of a group have the same probability of occurrence or selection.

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