Explain why it is possible for two managers to assess different ...

[Mr3Hunna]

Explain why it is possible for two managers to assess different values for the probability that a supplier will fail to deliver a shipment on time.
 
  What will be an ideal response?

Question 2

In a one-way analysis of variance design, the total variation in the data across the various factor levels can be partitioned into two parts, the within sample variation and the between sample variation.
 
  Indicate whether the statement is true or false

[isabelt_18]

Answer to Question 1

Since it is likely that the managers are using subjective probability assessment, their assessments reflect their state of mind about the shipment. They are basing this on any information that they have and their methods of processing the information may be different. Neither assessment can be considered wrongthey simply reflect the thinking of each decision maker. All that is required is that the decision makers process the information in a rational manner.

Answer to Question 2

TRUE

[Mr3Hunna]

Excellent

[nathang24]

Thanks for the timely response, appreciate it