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It would be helpful to know what the decision is to know what the benefits and opportunity of the decision are. It is important to include this information.
statistics and accounting both are very similar to each other regarding their uses, because both are tools of decision making. To take decision regarding average, standard and marginal you have to take help from statistics even if you are accountant.
Quantitative techniques in decision making help us analyze decision alternatives in a rational way that enables us to choose a solution that increases the likelihood of meeting defined success criteria. The best quantitative techniques help improve decision making skill while taking advantage of the knowledge and intuition of experts.
Statistics can help a government make informed policy decisions regarding many different areas. An example would be, if a government receives statistics based on their economy and it tells them that there is a 12 % unemployment rate. This would signal to a government to make a policy decision regarding this statistic.
Decision making theory is used to determine the values and other issues, including uncertainties, that relate to the decision being made. It is then determined if the decision is a rational and wise decision to be made.
It would be helpful to know what the decision is to know what the benefits and opportunity of the decision are. It is important to include this information.
The best way to make a decision is by performing a loss-profit analysis. Managers and economists know to choose that option which tends to maximize their profit or minimize their loss, relative to the other choices.
Requirements drives a commander decision regarding leader assignments.
A decision regarding how much or how many of a product to produce.
Platoon Leader
The word 'criteria' is the plural form of the singular word 'criterion'. 'Those are the criteria that I used in making my decision.' 'That is the criterion that I used in making my decision.' It is wrong to use the word 'criteria' as a singular. Similarly, it is wrong to use 'phenomena' as a singular. It is the plural form of the singular word 'phenomenon'.
the judge
Decision-critical attributes
help you determine the oppotunit cost of your decision.
yes
no
Opportunity Cost