The decision criterion in which a decision maker selects an alternative that maximises H (criterion of realism) = [a × (maximum in column)] + [(1- a) × (minimum in column)] is called

In statistical analysis, the burden of proof lies traditionally with

Business system consists

From the following statements choose the correct statements.
Statement I A statistic is a characteristic of a population.
Statement II The standard error of mean is the standard deviation of the sampling distribution.
Statement III The standard error of mean decreases in direct proportion to sample size.

. . . . . . . . processing is designed to process more than one type of transactions to bring out the specific business results in one or more business functions.