A Statistically Significant Difference in Simulation Results,when Acted Upon by the Manager,will

question 38

True/False

A statistically significant difference in simulation results,when acted upon by the manager,will result in significant process improvements in the eyes of the customer or company or both.

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Definitions:

Actions

Behaviours or deeds performed by individuals in response to external or internal stimuli.

Conformists

Individuals who comply with group norms or standards.

Base Rate Fallacy

The tendency to ignore or underuse base rate information and instead to be influenced by the distinctive features of the case being judged

Representativeness Heuristic

A cognitive shortcut where an individual assesses the probability of an event based on how similar it is to the typical case.