"Decision Theory" Essays and Research Papers

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Statistical Techniques for Risk Analysis

RISK ANALYSIS Statistical Techniques for Risk Analysis Statistical techniques are analytical tools for handling risky investments. These techniques, drawing from the fields of mathematics, logic, economics and psychology, enable the decision-maker to make decisions under risk or uncertainty.  The concept of probability is fundamental to the use of the risk analysis techniques. Hoe is probability defined? How are probabilities estimated? How are they used in the risk analysis techniques? How do...

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Faculty of Accountancy, UiTM Syllabus Overview The aim of the performance management syllabus is to develop knowledge and skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision-making, performance evaluation, and control. Examination: 3 hours of written examination. Examination format: 20 MCQs + 5 written Q.. Topics Hours Reference Questions A. Specialist cost & mgt. accounting techniques 2/7-4/7, 7-11, 14-18...

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Collaboration in the Workplace

part, trust is something that must be earned. Trust is not easily given but it can be easily abused, misused, and even destroyed. According to Hosmer (1995), the expectation by one person, group, or firm of ethical behavior, morally right decisions and actions based upon ethical principles of analysis on the part of the other person or party in an exchange, may be referred to as trust. Blau (1964, p. 99), described trust as "essential for stable social relationships." Bok (1978, p. 26) underscored...

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Financial Management of Health Care Organizations

indispensable skills needed to administer the finances of the health care organization are to plan, budget and handle the revenue sets. When doing this, the elements that need to be considered are planning, controlling, organizing and directing, and decision making. Generally accepted accounting principles and financial ethical standards Accounting professionals must tolerate the ethical standards that regulate the kind of business they conduct, who they serve, and how they use their skills. The generally...

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A Management Information System (Mis)

and data/information for decision making. Management information systems are distinct from other information systems in that they are designed to be used to analyze and facilitate strategic and operational activities in the organization. Academically, the term is commonly used to refer to the study of how individuals, groups, and organizations evaluate, design, implement, manage, and utilize systems to generate information to improve efficiency and effectiveness of decision making, including systems...

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Thai Analysis

stimulate customers to conduct online shopping. Despite the motivation factors, there also are various barrier issues as concern factors that hold back and interrupt their decision making in online shopping. it is mentioned that there are 2 kinds of factors; motivation factors and concern factors that influence the decision making of online shoppers. The motivation-factors, which we can call it as positive attitudes, are as followings; The Accessibility Motivation, it is about how the shoppers...

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Hypothesis Testing - Statistics

because H1 does not state a direction. The calculated value of t is 2.323 Formulate the decision rule Lind, Marchal, and Wathen define the decision rule as a statement of the specific conditions under which the null hypothesis is not rejected (2004). The decision rule for this test is formulated by determining the critical value from the .01 level of significance. .01 is divided in half for the quotient of .005 because this...

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Operations Research and Operations Management: from Selective Optimization to System Optimization

terms of both effectiveness and efficiency and has equal application in the service sector as well as the manufacturing sector. Both OR and OM are mathematically oriented, utilize the scientific method, and produce information output for managerial decision making. CONCEPTUAL/PHILOSOPHICAL BRIEF DISCUSSION At the conceptual or philosophical level, OM and OR differ substantially. OM is mainly concerned with the managing of production resources critical to strategic growth and competitiveness of a company...

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Deontology Paper

Utilitarianism and the Ford Pinto Case The goal of utilitarianism is to seek out pleasure and base your decision making on creating the greatest possible happiness for the greatest number of people. Utilitarianism is only concerned with producing a desirable result, regardless of whether the action taken to arrive at the desired result was good or bad. In business, all sorts of factors are involved in creating products ranging from where to purchase raw materials, where to build a factory...

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Advanced Hypothesis Testing Essay

estate listings to the price information from his sample of 20 office rooms. Through a t-test statistical analysis, Adam could not conclude that the mean price for the office space in Sacramento is more than $680. However, before Adam makes the final decision, he decides to do a little more investigation based upon a sampling of 20 prices of offices in outlying areas of Sacramento. This week Adam will formulate a hypothesis statement and perform the five-step hypothesis test on the data he collected...

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