Asked by Lauren Chavis on Jun 16, 2024
Verified
One of the most overlooked concepts in management decision making is ________.
A) symmetry in data
B) uncontrollable variation
C) technological improvements
D) theoretical reasoning
Uncontrollable Variation
Variation in a process or system's output that cannot be directly controlled or corrected by adjustments to the process or system itself.
- Recognize the differences in data and understand their impact on statistical reasoning.
Verified Answer
YY
Yi?it Yalç?nta?Jun 21, 2024
Final Answer :
B
Explanation :
Uncontrollable variation is often ignored or overlooked in management decision making. This refers to natural or random variation that is present in any given process or system and cannot be controlled through managerial actions. Ignoring this variation can lead to incorrect decisions and suboptimal outcomes. Therefore, it is important for managers to understand and account for uncontrollable variation in their decision making.
Learning Objectives
- Recognize the differences in data and understand their impact on statistical reasoning.
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