Decision making play a crucial role in organization. There are two types of decision making which consist of individual and group decision-making, a group decision is one made by several people, while an individual decision is made by one person. As your opinion, which is better to implement for organization between individual and group decision making. Justify your answer with relevant examples

Problem 3. Consider the Markov chain shown in Figure 2. Figure 2: Problem 3 Markov chain 1' Let the initial distribution be Pr(A) = Pr(B) = 0.5. What is the probability distribution after one step? 2. What is the stationary distribution of the Markov chain? (a) Give an example of a logistic regression model which would be an ap propriate use of some (or all) of these variables. Explain why logistic regression is an appropriate choice. (b) Give an example of a Poisson regression model which would be an appropriate use of some (or all) of these variables. Explain Why Poisson regression is an appropriate choice. A Markov chain has the transition matrix shown below: 0.4 0.3 0.3 P = 0.6 0.1 0.3 0.3 0 0.7 (Note: Express your answers as decimal fractions rounded to 4 decimal places (if they have more than 4 decimal places).) (1) Find the two-step transition matrix P(2) = III (2) Find the three-step transition matrix P(3) = Ili