Narrows the spectrum to the mean-median

Assignment Help Accounting Basics
Reference no: EM13762249

Trend forecasters, sometimes called "futurists," use three "P's": Possible, Probable, and Plausible. "Possible" includes the "outliers" on the classic bell curve. "Probable" narrows the spectrum to the mean, median, and mode at the top of the bell curve. "Plausible" narrows the probable to those activities or options that humans will actually select for action. The three "P's" illuminate how we make decisions.

How, in fact, do people make decisions? Do they use data-driven decision making? Or do they use political decision making? Or do they make decisions based on personalities and/or emotions and biases? State your position and provide at least two examples of how you think people make decisions. Be sure to make a good argument for your position. The answer should be no longer than 2 paragraphs.

Reference no: EM13762249

Questions Cloud

What is the total surplus and producer surplus : How much producer surplus - what is the total surplus - With the price floor at $0.17 per pound of cheese, consumers buy 211 billion pounds of cheese. How much consumer surplus is created now?
Explain why networking standards are important : Explain why networking standards are important and why equipment that uses these standards should be purchased
Ethics case-magnetic toys can hurt : Mega Brands has been selling Magnetix toys for many years. It also sells Mega Bloks, construction toys based on Spider-Man, Pirates of the Caribbean, as well as other products in over 100 countries.
Corporations and professional accountants : What are philosophy approaches to ethical decision making relevant to modern corporations and professional accountants?
Narrows the spectrum to the mean-median : Trend forecasters, sometimes called "futurists," use three "P's": Possible, Probable, and Plausible. "Possible" includes the "outliers" on the classic bell curve. "Probable" narrows the spectrum to the mean, median, and mode at the top of the be..
Write a book review of macbeth : Write a Book review of Macbeth.
Creating a file reader : The program begins by creating a File Reader object and a BufferedReader object to read the file terms.txt.
Soil infiltration and runoff problem : The smooth mountain rock surface type affect the amount of runoff.
What contribution would you like to make : How would you like to affect the history of education? What contribution would you like to make? What do you hope you are remembered for?

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Ida sidha karya company is a family-owned company located

ida sidha karya company is a family-owned company located in the village of gianyar on the island of bali in indonesia.

  Manufacturing overhead budget

Construct the company's manufacturing overhead budget for the upcoming fiscal year. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Round off to the nearest..

  Appreciated property without gain recognition

Relative to corporate formation, how one can contribute appreciated property without gain recognition to the Transferor?

  What is the ending value of the bond

You buy an 8% annual coupon bond from CARRIS Inc. that has a 25 year maturity and a required return of 12%. The par value is $1,000. You sell the bond five years later when the required return is 10%. What is the ending value of the bond when ..

  Sanai manufacturing company produces and sells 40000 units

sanai manufacturing company produces and sells 40000 units of a single product. variable costs total 80000 and fixed

  Property included in the donors gross estate

Which of the following circumstances would cause the gifted property to be included in the donor's gross estate?

  Identify each of the following kind of accounts as a

identify each of the following kind of accounts as a revenue r expense e asset a liability l or equity oe by placing

  Explain the advantages of a convertible bond

A Corporation is considering issuing a convertible bond. What is a convertible bond and the advantages of a convertible bond from the standpoint of 1) the bondholder and 2) the issuing corporation.

  On august 31 jenks co partially refunded 180000 of its

on august 31 jenks co. partially refunded 180000 of its outstanding 10 note payable made one year ago to arma state

  Morgan company acquires 300000 of nicklaus inc 9 bonds at a

morgan company acquires 300000 of nicklaus inc. 9 bonds at a price of 278384. the interest is payable each december 31

  Items related to decision making

Describe the problems, if any, at Reed Park. Specifically, discuss items related to decision making, cost allocation, and incentives.

  Methods of analysis

Using your text and at least one scholarly source, prepare a two to three page paper, in APA format, and evaluate the three methods of analysis: Horizontal, vertical, and ratio as explained in your course textbook.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd