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(i. The binomial distribution and the Poisson distribution have two possible experimental outcomes. (ii) The Poisson distribution or, the law of improbable events, has positively skewed shape.
(iii) In a Poisson distribution each trail is independent.
Unstructured Problem
A problem that lacks clarity in its definition, making it difficult to apply standard or known solutions.
Programmed Decision
A decision that is routine or repetitive, which can be handled using established business rules or procedures.
Crisis
A crisis is a critical or a turning point situation that requires immediate attention and action to prevent or mitigate major negative consequences.
Crisis Management
The process by which an organization deals with a disruptive and unexpected event that threatens to harm its operations or stakeholders.
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