Scientific research and managerial decision making
Managers wrestle with a multitude of problem big and small in their every day work life. The difference between a successful and not successful of organization lies in the quantity of decision made by the managers in the system. We have seen that scientific thinking help managers to do work with be carful and understand problem in Factors that have an effect in different environments. That is the point executives can find a way to solve a problem that has a clear purpose. After calculating the risk and decide the best way possible, the results obtained may be incorrect.
There are many reasons. The first reason is have the chance to 5% caused from “Type I Error” means accepting “H0 (Null Hypothesis)” that should refuse to accept. The second reason is from the result may be suggestive to determine the direction to change.