Why it is important to select the correct data when creating a chart?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
Why it is important to select the correct data when creating a chart?
Expert Solution
Step 1: Define effective decision-making:
Effective decision-making is essential in an organization for making the decisions that can assist in achieving the formulated goals and objectives. For effective decision making it is important for an organization to collect the data from surveys and take interviews or feedback from the general public that will provide key insights and help the organization make more informed decisions.
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