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Q: What does decision variable mean?
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Is variable cost a relevant cost?

No. If a variable cost does not differ between alternatives than it is irrelevant.

What are system variable in management information system?

is quantity or item controlled by the decision maker.

Definition for decision models and decision variables?

Decision variables are the variables within a model that one can control. They are not random variables. For example, a decision variable might be: whether to vaccinate a population (TRUE or FALSE); the amount of budget to spend (a continuous variable between some minimum and maximum); or how many cars to have in a car pool (a discrete variable between some minimum and maximum).

Limitation of expected value in decision making?

Expected value of a random variable requires that the random variable can be repeated in experiment indefinitely. If the random variable can only be repeated finite times, e.g. once, there is an inadequacy of the expected value principle for a decision maker.

What does depemdent variable mean in science?

a variable that depend on the independent variable

What do indepedent variable mean?

Independent variable is the variable that you change in an experiment.

What are the properties of z in a normal distribution?

Z is a variable with mean 0 and variance 1.Z is a variable with mean 0 and variance 1.Z is a variable with mean 0 and variance 1.Z is a variable with mean 0 and variance 1.

What does idependent variable mean?

a variable that has changed in an experiment

What does es variable mean in spanish?

it's variable

What is a standardizing variable?

a standardizing variable is a variable that has a mean of zero and a standard deviation of one .

What do you mean by Intuitive decision making?

What do you mean by decision-making

What does Measured Variable mean?

A Measured Variable is something that can be controlled.