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Lack of information is what this sounds like. To fully understand something, one must find all the pieces of knowledge of that thing, and see how they interact with each other. This is why scientists experiment, so they can find all the info. they need, to put together the whole system in there minds; so they can use it for this or that.

Problem example: I have a jar. I have a lid. The jar needs a lid. So I say, no problem. But as I begin to screw the lid on, I find that it's to small. So I say, I need the right size lid. I take measurements from the jar, or whatever I may need, so that now I'm ready to fix my problem. Let's break this down. What was before the we found the problem; the jar's need for the lid. And the problem came when that need could not be met.

Now from what your question implies, you are trying to fix the problem by throwing alternative lids at the jar until one of them fits; and becoming irritated at the managers, for not knowing which one of them will probably fit.

So here's my answer. Don't come up with many alternatives to a problem; because it's getting ahead of the game. Instead, send the managers out to measure the need of the company, so you can then fill those needs precisely. And to the people that don't understand, you have to tell them every detail.

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11y ago

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When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence in the future this is known as?

risk


Why do managers need to know statistical methods?

because there are projects that include statistical methods.


What does Statistical methods help managers make sense of data and gain insight about the?

Statistical methods help managers analyze and interpret data, enabling them to identify trends, patterns, and relationships within the information. By applying these techniques, managers can make informed decisions based on empirical evidence rather than intuition alone. Additionally, statistical analysis aids in forecasting future outcomes, optimizing processes, and evaluating performance metrics, ultimately enhancing strategic planning and operational efficiency. This insight allows for a more data-driven approach to management, leading to better resource allocation and improved organizational effectiveness.


Which is a better certification PMP or six sigma?

Both have their own importance and usage. PMP is for people who are project managers while Six Sigma is for people who are quality oriented


An experiment involves selecting a random sample of 256 middle managers for study One item of interest is annual income The sample mean is computed to be 35420 and the sample standard deviation is 205?

The deviation would be how much off it would be off. Since this is a sample, it is impossible to get completely accurate results.

Related Questions

When managers cannot assign probabilities of future occurrence to possible alternatives to a decision this is known as?

When managers cannot assign probabilities to future occurrences of possible alternatives in decision-making, this situation is referred to as "ambiguity." In such cases, the uncertainty surrounding the potential outcomes is too great to quantify, making it difficult for managers to make informed choices. This can lead to reliance on subjective judgment, heuristics, or qualitative assessments instead of quantitative analysis.


When managers know the possible outcomes of a decision and can assign probabilities to each of these outcomes in terms of their likelihood of occurrence in the future this is known as?

risk


What is the stage of the planning process managers should weigh the advantage's disadvantage's and potential effects of each alternative goal and plan?

Managers should examine alternatives before they determine their course of action. Without examining alternatives they may make a bad decision.


What are the steps involved in business research decision making process?

Managers research their options by research alternatives for their solutions. Once they have identified a number of alternatives, they choose the best one for their business.


Why is decision making the primary task of the Managers?

Decision Making is the core of planning, managers must make choices of action among alternatives. Managers must make choices on the basis of limited or bounded rationality. That is, they must make decisions in light of everything they can learn about the situation, which may not be everything they should know.


What are the relationship between project managers and line managers?

The relationship between project managers and line managers is that the project managers divide the work among the line managers and the line managers report to the project managers.


How are managers today different from managers in the past?

Managers today emphasize teamwork


Who are industrial managers?

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Should managers and non managers be appraised from multiple prespectives?

Yes, managers and non-managers should be appraised from the top and the bottom. This will help executive managers get a better idea of how they are performing.


What are three different conditions under which production decision are made?

Production decisions are typically made under conditions of certainty, uncertainty, and risk. In conditions of certainty, managers have complete information about the outcomes of their decisions, enabling straightforward planning. Under uncertainty, they face unknown variables and potential outcomes, making it challenging to predict results. In risk conditions, managers have some information about probabilities of different outcomes, allowing for informed decision-making based on statistical analysis.


What are the critical differences between average managers and top performing managers?

Top Performing managers has more responsibilities than an average managers.


Who are the three hotel managers of habbo.com?

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