answer question introduction to management science quantitative approaches to decision making
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Eye-Balling? Rough Guess? Educated guess?
A kilometre is a measure of distance. A millilitre is a measure of capacity. The two units are therefore incompatible.
Write down your measurement. Check what you have written. Repeat. There are other things, like making sure nothing is interfering with your measurement (such as the action of taking the reading), or your experiment (varying temperature, draughts, magnets...)
# observation of phenomena and development & making a quantitative measurement whenever possible
The measurement units and the degree of precision (significant figures or margin of error).
what are the importance of quantitative techniques in managerial dicision making
answer question introduction to management science quantitative approaches to decision making
An Introduction to Management Science Quantitative Approaches to Decision Making?
Qualitative and Quantitative
The qualitative reducing sugar test gives a positive or negative result, indicating the presence or absence of reducing sugars without precise measurement of quantity. However, by observing the color change and comparing it to a color chart, one can roughly estimate the amount of reducing sugar present, making it semi-quantitative. True quantitative analysis would involve measuring the exact concentration of reducing sugars present using specific equipment like spectrophotometers.
Qualitative and Quantitative
Quantitative techniques in decision-making helps managers make decisions that are best for the organization. With numbers supporting decisions, managers can get the support of top management.
A method of making a rough measurement is: Estimation Answered by :PopTy13
Qualitative and Quantitative
Qualitative and Quantitative