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erik [133]
2 years ago
9

Suppose you are an operations manager for a plant that manufactures batteries. Give an example of how you could use descriptive

statistics to make better managerial decisions. Give an example of how you could use inferential statistics to make better managerial decisions.

Business
1 answer:
Tatiana [17]2 years ago
7 0

Please find full question attached

Answer:

Inferential statistics

Descriptive statistics

inferential statistics

descriptive statistics

Descriptive statistics

Inferential statistics

Explanation:

Descriptive statistics describes data and gives us a picture of what the data summary looks like using such things as mean and central tendency measures. Inferential statistics on the other hand aims to make predictions using the data based on data analysis such as collecting sample from population and constructing hypotheses to estimate outcomes for the general population. Example in the question, the first is inferential statistics as we make generalized predictions on batteries using data samples from the population of batteries of a particular type.

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You are considering two independent projects. Project A has an initial cost of $125,000 and cash inflows of $46,000, $79,000, an
Harrizon [31]

Answer:

b. Accept Project A and reject Project B.

Explanation:

To verify project viability at a required return rate of 16%, simply calculate the project's net present value at a rate of 16%. If the NPV is positive, then the project should be accepted, otherwise it should be rejected.

Project A:

NPV = -\$125,000 +\frac{\$46,000}{(1+0.16)} +\frac{\$79,000}{(1+0.16)^2} +\frac{\$51,000}{(1+0.16)^3}\\NPV =\$6,038.58

Project A should be accepted.

Project B:

NPV = -\$135,000 +\frac{\$50,000}{(1+0.16)} +\frac{\$30,000}{(1+0.16)^2} +\frac{\$100,000}{(1+0.16)^3}\\NPV =-\$5,535.89

Project B should be rejected.

6 0
2 years ago
Kendra is concerned about the wavy red lines she sees under some words in
kondor19780726 [428]

Answer:

Explanation:

adding the name and version of her software program

5 0
2 years ago
Suppose John has a budget of $82 that he spends on ice cream sundaes (Q1) and coffee (Q2). The price of ice cream sundaes recent
ANEK [815]

Answer:

The answer is 9 ice cream sundaes.

Explanation:

The answer to how many ice cream sundaes that John's budget of $82 is constrained to based on the following data

New Price of Ice cream sundaes (Q1) = $6

New Price of Coffee (Q2) = $4

can be calculated thus

since, 7 coffee was bought for $4 dollars each

7x4 = $28

The remaining funds is now

82-28 = $56

therefore,

$56/$6 = 9 Ice cream sundaes

4 0
2 years ago
Marco traveled across three states to shop at Tiffany's to buy his girlfriend, Jana, a present. This is the only Tiffany's store
Llana [10]

Answer:

Exclusive.

Explanation:

In this scenario, Marco traveled across three states to shop at Tiffany's to buy his girlfriend, Jana, a present. This is the only Tiffany's store in the entire region. The degree of channel coverage for Tiffany's is exclusive.

In marketing, there are basically three (3) types of market channel coverage used by businesses;

1. Intensive market coverage: this involves a company extending its products to as many sales outlets as possible. Therefore, it's a saturation coverage of the market. Some examples are softdrinks, beer, or cigarettes company.

2. Selective market coverage: it involves a company using a limited number of sales outlets to sell its products in a region. Thus, it lie between an intensive distribution and exclusive market coverage.

3. Exclusive market coverage: this involves a company extending its products to only one sales outlets. Thus, it is the exact opposite of an intensive market coverage and a complex form of selective market coverage. It gives companies prestige and improves brand quality perceptions.

<em>Hence, the degree of channel coverage for Tiffany store is exclusive market coverage. </em>

6 0
2 years ago
Carrington Corporation produces canned vegetable soup. The company uses the weighted-average method in its process costing syste
agasfer [191]

Answer:

Option (B) is correct.

Explanation:

100% complete for conversion cost the units that are complete.

Units that produced during the period:

= Units sold + Units of finished Ending - Beginning units of Finished

= 300,000 + 60,000 - 75,000

= 285,000 units

And work in process at ending is 24,000 units but for conversion costs is 75% only.

For conversion Equivalent units:

= 75% of Ending Work in process + Units that produced during the period

= 75% × 24,000 + 285,000

= 18,000+285,000

= 303,000 units

4 0
2 years ago
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