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ivann1987 [24]
3 years ago
8

A research survey with outcomes being defined as Poor, Average, Good, Excellent is a random experiment with random variable bein

g of type
Business
1 answer:
pav-90 [236]3 years ago
3 0

Answer: c. Ordinal

Explanation:

An ordinal variable is one where the variable is used to categorize data in a qualitative way which can be ordered and ranked. For instance, in the case of schooling, the levels are: elementary, high school and college. Graduates from each level can be ranked in relation to each other.

A research survey therefore that has outcomes such as Poor, Average, Good, Excellent is using ordinal variables because these are qualitative and can be ranked in relation to one another.

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dmitriy555 [2]

Most operating decisions of management focus on a narrow range of activity called the relevant range of production. This is further explained below.

<h3>What are operating decisions?</h3>

Generally, Decisions about daily operations are the kinds of particular business choices that are made by every company on a daily basis. There are millions upon millions of these that have been taken, and thousands upon thousands of distinct varieties. Decisions on how to operate day-to-day activities in a firm are called "operational" and are made by a variety of employees.

In conclusion, The majority of operational choices made by management center on a certain subset of activities, which is referred to as the relevant range of output.

Read more about operating decisions

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2 years ago
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