Discuss the different roles played by the qualitative and quantitative approaches to managerial decision making. Why is it important for a manager or decision maker to have a good understanding of both of these approaches to decision making?For each of the following statements, decide whether it is characteristic of a qualitative and$/$or a quantitative approach. $($Select all that apply.$)($a$)$This approach is primarily based on a manager's judgment or intuition.qualitativequantitative