Answer:
E. Rational decision making.
Explanation:
Rational decision making: It is a process of decision making that involve multi steps process of analysis, logic and knowledge of expert for decide on alternative. It does not favor insight or subjectivity in the process of decision making. Identifying a few possible courses of action is the first step involved in the rational decision-making process.
Steps that followed in rational decision making:
- Define the problem.
- Identify the decision criteria.
- Allocate weights to the criteria.
- Develop the alternatives.
- Evaluate the alternatives.
- Select the best alternative.
In the given case, during a meeting with Greg, Scott said "Our decision is limited by numerous constraints, such as our understanding of the complexity of technology, time and money, imperfect information, and our conflicting goals.", which are hindrance to Rational decision making.
As long as the production times and price points were simular then it would. However, with assuming it costs much more of a hellicoper then it does for a scooter to be produced they would definitly benefit from trading one schooter for one helicopter with Jamestown. They will benefit due to time and money that is being saved.
Answer:
maximum profit ($30 in total) is obtained by selling 5 units
Explanation:
- if the market maker buys and sells one unit, his/her profit = $15 - $5 = $10
- if the market maker buys and sells two units, his/her profit = $10 + ($14 - $6) = $18
- if the market maker buys and sells three units, his/her profit = $18 + ($13 - $7) = $24
- if the market maker buys and sells four units, his/her profit = $24 + ($12 - $8) = $28
- if the market maker buys and sells five unit, his/her profit = $28 + ($11 - $9) = $30
the maximum profit per unit is obtained by selling only 1 unit, but the total maximum profit is obtained by selling 5 units.
Answer:
s = $13,014.22
Explanation:
Sample values: $40,632, $35,554, $42,192, $33,432, $69,479 and $43,589
Sample size = 6
The standard deviation of a sample (s) is given by:
Where X is the sample mean, n is the sample size, and xi is each value in the sample.
The sample mean is given by:
The standard deviation is:
