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Welcome back — been a while! Let's pick up where you left off. Here's the solution to Question 2: 2. a) Outline the features of quantitative approach to decision making (7.5 marks) The quantitative approach to decision-making is a systematic and scientific method that relies on mathematical models, statistics, and algorithms to make optimal decisions. Its key features include: • Data-driven: It emphasizes the use of measurable data and facts rather than intuition or subjective judgment. • Mathematical modeling: It translates real-world problems into mathematical models (e.g., linear programming, simulation, queuing theory) to represent relationships and constraints. • Objective optimization: The primary goal is to find the best possible solution, often by maximizing a