Given a histogram which is stewed to the right.
If a histogram is skewed, the median (Q2) is a better estimate of the
"center" of the histogram than the sample mean.
Therefore, the median and the quartiles are the best <span>measure of center and variability would be most appropriate to report for this distribution.</span>
Answer:
The correct answer is C.
Explanation:
Giving the following information:
The initial purchase of the land and the associated costs of opening up mining operations will cost $100 million today. The mine is expected to generate $16 million worth of ore per year for the next 12 years. At the end of the 12th year Rearden will need to spend $20 million to restore the land to its original pristine nature appearance.
We need to sum each cash flow until the total initial investment is paid:
Number of years= 100,000,000/16,000,000= 6.25 years
To be exact:
0.25*365= 95 days
It will take 6 years and 95 days to recover the initial investment.
According to the midpoint method, the price elasticity of demand for tomatoes between point X and point Y is approximately (1.8 or 0.56 or 0.09 or 0.05) , which suggests that the demand for tomatoes is (elastic or
Answer:
Polish General Corporation is a new player in automobile production, their background for manufacturing automobile parts is an advantage as they can insource for parts.
The approach of giving ample time for trials is a good one. It will be a competitive advantage for the company if their products are synonymous with quality.
Their first product in the automobile market place should set a standard on which the company can build a long lasting brand.
So the decision by the manager to prolong trials is a wise one. The employees will also have mastered the process at the end of this period, having practices 60 - 100 times. Based on the expertise learnt products produced in the future will also have high quality.
Explanation: