Answer with its Explanation:
The first step is to diversify the sample size so that our sample includes every person from different cultures, geographic, religions, genders, etc., which would help in better assessment of the product's future in the market.
Second step is to set a sample size for receiving the feedback of the customers at required confidence interval that is Burger King's goal to achieve. For example, Burger King desires to achieve 93% customer satisfaction and the error rate would determined by using the confidence interval. This sample size would be calculated using the practical approach.
Third step is to ensuring that the errors in prediction are reasonably low by practical approach, confidence interval approach and diversified test samples. All this will help the company to ensure that they have accurate results in hand for decision making.
Answer:
C) cluster analysis
Explanation:
Regression analysis. The regression analysis determines the relationship between the two variables. Thus, one of these quantities (X) is given in advance(dependent) and is not random. The second value (U) is the independent and random number. The randomness of the second quantity can be explained for two reasons. First: Measuring the random number U, which depends on the number X, is associated with certain errors; second: The value of U may depend on other uncontrollable factors, in addition to being dependent on the value of the corresponding X value. In this case, we need to talk about the distribution of the random variable U against each value of the X variable. The main purpose of the regression analysis is to build a mathematical model that takes into account the factors affecting the physical process using experimental data and evaluating its accuracy. The least squares method is used for statistical estimation of the mathematical model's suitability to experimental data.
Discriminant analysis is a method used in statistics, pattern recognition, and machine learning to find a linear combination of attributes that define or distinguish two or more classes or events. The resulting combination can be used as a linear classifier or more often to reduce the size before classifying. LDA is closely related to variance analysis (ANOVA) and regression analysis, which try to express a dependent variable as a linear combination of other properties or dimensions. However, while variance analysis uses qualitative independent variables and a continuous dependent variable, discriminant analysis has continuous independent variables and a qualitative dependent variable.
Cluster analysis or clustering is a problem of grouping a number of objects. In this problem, objects must be in some way more similar to those in other groups to accommodate the same clusters (clusters). One of the main problems with data transmission is a common technique used in statistical data analysis. It is also used in machine learning, pattern recognition, image analysis, data retrieval, bioinformatics, data compression and computer graphics.
One-way analysis of variance (ANOVA) is used to calculate the significance of the difference between three and more independent means in a normally distributed series. ANOVA compares the arithmetic means of three or more groups alone; ANOVA result is also significant when at least one of these comparisons is significant. To measure the significance it will have the relation to the regression analysis that's why there will be dependent and independent variables as well.
Answer:
The answer is E.
Explanation:
Total payment from customers is:
$537,400 + $737,500
= $1,274,900
Weighted average delay from customer A is:
($537,400/$1,274,900) x 3
=1.26 days
Weighted average delay from customer B is:
($737,500/$1,274,900) x 1
=0.58 day
Therefore, total weighted average delay is:
1.26 days + 0.58 day
=1.84days
Answer:
Net Income Bargain Electronics would realize by accepting the special order is - $ 24,000
Explanation:
Bargain Electronics is operating at full capacity, therefore the fixed costs are relevant at this decision.
<u>Incremental Costs and Revenues - Special Order 3000 units</u>
Sales ( 3000 × $25) 75,000
Variable Cost (3000× $20) (60,000)
Fixed Costs (3000× $10) (30,000)
Shipping Costs ( 3000×$3) (9,000)
Net Income -24,000
