Using the same resources, the country of zanzibarus produces 12 million pounds of beef or 5 million pounds of pork. zanzibarus has a (n) ________ in beef in contrast with pork production.
Answers
Using the same resources, the country of Zanzibarus produces 12 million pounds of beef or 5 million pounds of pork. Zanizibarus has a (n) Comparative Advantage in beef in contrast with pork production. This is further explained below.
The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading counterparts is known as comparative advantage.
Opportunity cost is a new consideration in the idea of comparative advantage when comparing various manufacturing possibilities.
According to the theory of comparative advantage, nations will trade with one another and export the items in which they are relatively more competitive.
A country's labor force and natural resources may be exploited if one solely considers its comparative advantages.
Absolute advantage refers to a nation's undeniable ability to produce a certain good more effectively.
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Related Questions
Shadee Corporation expects to sell 560 sun shades in May and 370 in June. Each shades sells for $16. Shadee's beginning and ending finished goods inventories for May are 85 and 50 shades, respectively. Ending finished goods inventory for June will be 60 shades. It expects the following unit sales for the third quarter: Sixty percent of Shadee's sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 37 percent is collected during the following month, and 11 percent is never collected. Required: Calculate Shadee's total cash receipts for August and September. Note: Do not round your intermediate calculations. Round your answers to the nearest whole dollar.
Answers
Shadee Corporation's total cash receipts for August and September are:
- August: $473 (rounded to the nearest whole dollar)
- September: $192 (rounded to the nearest whole dollar)
To calculate Shadee Corporation's total cash receipts for August and September, we need to consider the sales and collection patterns provided.
1. August Cash Receipts:
- Total sales in August = (60% of May sales) + (37% of June credit sales)
- Cash sales = 60% of May sales = 0.60 * 560 shades
- Credit sales collected in August = 37% of June credit sales = 0.37 * 370 shades
- Total cash receipts in August = Cash sales + Credit sales collected in August
2. September Cash Receipts:
- Credit sales collected in September = 52% of June credit sales
- Total cash receipts in September = Credit sales collected in September
Let's calculate the values:
1. August Cash Receipts:
- Cash sales = 0.60 * 560 shades = 336 shades
- Credit sales collected in August = 0.37 * 370 shades = 136.9 shades (round to 137 shades)
- Total cash receipts in August = Cash sales + Credit sales collected in August
= 336 shades + 137 shades
= 473 shades
2. September Cash Receipts:
- Credit sales collected in September = 0.52 * 370 shades = 192.4 shades (round to 192 shades)
- Total cash receipts in September = Credit sales collected in September
= 192 shades
Therefore, Shadee Corporation's total cash receipts for August and September are:
- August: $473 (rounded to the nearest whole dollar)
- September: $192 (rounded to the nearest whole dollar)
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If a car is produced in Detroit in 2013 but not sold until 2014, it should be included in ______ GDP, and its value should be counted in ________________. A) 2013's; inventory changes B) 2013's; durable goods C) 2014's; durable goods D) 2014's; personal consumption expenditures
Answers
If a car is produced in Detroit in 2013 but not sold until 2014, it should be included in 2013's GDP, and its value should be counted in inventory changes. The correct answer is option A.
GDP stands for Gross Domestic Product. The sum of all final goods and services produced in a nation during a given year, usually measured in terms of dollars, is referred to as Gross Domestic Product (GDP). This does not include products that are exchanged between two individuals without the use of the market, nor does it include any second-hand goods or transactions.
GDP only includes final goods and services, and it counts both tangible and intangible goods. Therefore, if a car is produced in Detroit in 2013 but not sold until 2014, it should be included in 2013's GDP, and its value should be counted in inventory changes. Hence, the correct option is A) 2013's; inventory changes.
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Based on the data below, solve the following. Company A Financial leverage Net profit margin Total asset turnover Industry Financial leverage 2019 Inventory turnover ratio Current ratio 1.75 0.059 2.11 1.67 0.054 2.05 RM1,200,000 RM 375,000 40 2020 Net profit margin Total asset turnover (i) Construct the ROE for Company A for the three years. (ii) Evaluate Company A (and the industry) over the 3-year period. (iii) Which area does Company A need improvement? (c) You are given the following information. Revenue Current liabilities Days sales in receivable 4.8 1.2 1.75 0.058 2.18 1.69 0.047 2.13 2021 1.85 0.049 2.34 1.64 0.041 2.15 The current account consists of cash, inventories and accounts receivable. Calculate the cash amount.
Answers
Company A needs to improve its financial leverage in the years 2020 and 2021. Its financial leverage ratios are higher than the industry's average, which suggests that Company A relies more on debt to finance its operations and investments.
The formula for return equity is:
Return on Equity = (Net Income / Shareholder's Equity) * 100%
Calculation of return on equity for Company A for the three years are as follows:
ROE for 2019
= [(375,000 / 825,000) * 100%]
= 45.45%ROE for 2020
= [(400,000 / 1,200,000) * 100%]
= 33.33%ROE for 2021
= [(420,000 / 1,260,000) * 100%]
= 33.33%.
Based on the data given, Company A has experienced some fluctuations in terms of profitability over the 3-year period. The firm has done well in the years 2019 and 2021 when compared to the industry as a whole, where the ROE in 2019 for the industry was 25.38%, and in 2021, it was 27.36%. In the year 2020, Company A's ROE was 33.33%, which is lower than the industry's average ROE of 33.46%.
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Design Math Quiz
QUESTION 1 of 10: To get your design manufactured, you need to pay $4,000 in setup costs and $5 per item. Which of the following
represents the cost of having 1,000 items made?
a) 5+4,000 x 1,000
b) 4,000 + 5 x 1,000
c) 4,005
d) 5x1,000
Answers
Answer:
b) 4,000 + 5 x 1,000
Explanation:
The cost of 1000 items will be the total of
1). the set up cost
2). The per item cost multiplied by 1000 units
Therefore, the cost function will
=set up cost($4000 ) + cost of 1000 items( $5 x 1000)
=$4000 + $5 x 1000
PLS NEED HELP IM BEHIND BAD
Answers
Answer:
The first answer
Explanation:
Just took it
Is eating a tomato bias?
Answers
Answer:
hindi ko po maintindihan ang tinatanong nyo
Explanation:
sa susunod po kumpletuhin nyo para masagut ko ang tanong mo
Why have jobs in production decreased but not so much in marketing
Answers
Answer:Manufacturing jobs are waning. In many emerging market and developing economies, workers are shifting from agriculture to services, bypassing the manufacturing sector. In advanced economies, the rise in service sector employment typically reflects the outright disappearance of manufacturing jobs.
Explanation:The decline in manufacturing jobs is often met with anxiety. People are concerned that a smaller manufacturing sector implies slower economic growth and a scarcity of well-paying jobs for low- and middle-skilled workers—contributing to worsening inequality. In Chapter 3 of the April 2018 World Economic Outlook, we revisit the evidence supporting those beliefs and find that the declining share of manufacturing jobs need not hurt growth or raise inequality, provided the right policies are in place.
It is important for an organization's implicit and explicit communication to send the same message.
True
False
Answers
Answer: Yes
Explanation: its to help Get a message Across. And Btw hope this helps im not good at explaining
Demand for bikes has suddenly increased, and the
market price has risen from $50 to $60.
In three to five sentences, explain how this change will
affect profits.
Answers
When the demand for bikes has considerably increased with a rise in price by $10, then the profit also increases by $10 on every bike sold.
What is meant by profit?Profit is an incentive earned by a company by selling its products at a price higher than the original cost.
From the provided situation, it has been analyzed that there is a direct relationship between price and demand, which means an increase in demand leads to a rise in prices also. This will ultimately raise the profits of a company in respect of goods sold.
Therefore, the profits are also raised by $10 in a similar way as the rise in price by $10 due to an increase in demand for bikes.
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Answer:
Sample response: If the market price of bikes rises from $50 to $60, then the company will want to produce a larger quantity of bikes. This is because the overall marginal revenue is now higher and will be maximized differently. Before profit was maximized at six bikes, now the profit will be maximized by producing more bikes, perhaps seven.
Explanation:
match each type of area with the correct level of housing prices?
URBAN
EXURBAN
SUBURBAN
LOW HOUSING PRICES
MEDIUM HOUSING PRICES
HIGH HOUSING PRICES
Answers
Answer and Explanation:
The matching of the area with the level of housing prices is as follows
Urban = High housing prices
As urban refers to that area in which there is a large population so of course the prices of the houses are high
Exurban = Low housing prices
The exurban is located in the rural areas in which there are less populations as compared to sub
Suburban = Medium housing prices
In this the population is more than the exurban
According to the digital disconnect and the lecture, the global digital divide is the result of _____.
Answers
According to Digital Disconnect, the global digital divide is the result of the hyper-commercialization of Internet development that only serves affluent populations/groups.
The Digital Disconnect refers to experts' examination of current theory, research, and practice in socio-digital inequality. The Digital Disconnect provides a thorough analysis of capitalism's exploitation of the Internet. As per the Digital Disconnect, it is the hypercommercialism of mainstream computing technologies that causes the global digital divide. The global digital divide refers to global discrepancies, particularly between developing countries, and developed in access to computing and information resources such as the Internet, as well as the opportunities that such access provides.
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Martha and Oleg are competitors in a local market and each is trying to decide if it is worthwhile to advertise. If both of them advertise, each will earn a profit of $5,000. If neither of them advertise, each will earn a profit of $10,000. If one advertises and the other doesn't, then the one who advertises will earn a profit of $15,000 and the other will earn $7,000. To earn the highest profit, Martha
a. should advertise, and she will earn $5,000.
b. should advertise, and she will earn $15,000.
c. should not advertise, and she will earn $10,000.
d. has no dominant strategy
Answers
Answer:
d
Explanation:
Dominant strategy is the best option for a player regardless of what the other player is playing.
The payoffs for Martha if she advertises is either $5000 or $15000
if she does not advertise, it is either $10,000 or 7000
looking at these figures, there is no option that consistently yields a better option. thus there is no dominant strategy
If for example,
The payoffs for martha if she advertises is either $5000 or $15000
if she does not advertise, it is wither $3,000 or 7000
Advertising consistently yields a better option, thus her dominant strategy would be to advertise
Hey yall can yall cheer me up for a seek i miss my mommy in she said we was leaving my granny house today in look im still here
Answers
Answer:
Stay Strong!
Explanation:
You got ittt! Cry A Bit , then come back harder! LOVE KEN!!!
A company reports on the cash basis. During the company's first year of business, it had sales on account of $1,000,000, inventory purchases on account of $400,000, and other expenses of $200,000. At the end of the year, the company had accounts receivable, inventory, and inventory related accounts payable of $100,000, $10,000, and $50,000, respectively. What is the company's cash-basis income for its first year of operations
Answers
Based on the information given the company's cash-basis income for its first year of operations is $350,000.
First step
Net sales revenues =Sales - Account receivable
Net sales revenues= $1,000,000 - $100,000
Net sales revenues = $900,000
Second step
Net expenditure on purchases =Inventory purchases - Account payable
Net expenditure on purchases =$400,000 - $50,000
Net expenditure on purchases = $350,000
Third step
Cash-basis income =Net sales revenues - Net purchases expenditure - Other expenses
Cash-basis income= $900,000 - $350,000 - $200,000
Cash-basis income= $350,000
Inconclusion the company's cash-basis income for its first year of operations is $350,000.
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Melissa plans to become a nurse. What would be a good extracurricular activity for Melissa during high school? O A. O B. O C. O D. joining the cheerleading squad taking charcoal drawing lessons participating in gymnastics volunteering at a health clinic after school
Answers
Answer:
Volunteering at a health clinic after school
Explanation:
If Melissa plans on becoming a nurse, she should look for extracurriculars which could help support her in her future years. Volunteering at a health clinic could provide her with hands on experience opposed to cheerleading or charcoal drawing which are good for hobbies and fun activities. But if Melissa really has a passion to become a nurse she should look for extracurriculars which not only interest her but may be of benefit to her.
What is the interest owed on a loan of $100 at 10% for 3 months?
Answers
Answer:
$2.50
Explanation:
The information is somewhat incomplete. It does not state whether simple or compound interest which could make a difference
I am assuming simple interest
The formula for simple interest is
I = Prt
where I is interest
P is amount of loan
r is annual rate of interest expressed as a decimal
t = number of years
We are given
P = $100
r = 10$ = 10/100 = 0.10
t = 3 months = 3/12 year = 1/4 th of a year
I = 100 x 0.10 x 1/4 = $2.50
Making Decisions It is Friday, Homecoming, and the big game with a rival school is tonight. You have an after-school job, and you have been saving for the big event for the past month. BUT, you had to purchase two new tires for your car; and now you only have $40 to spend. You need to get gas, pay to get into the game, and you had planned to take your date out to eat after the game before you go the Homecoming dance. Answer each question in complete sentences using proper grammar and punctuation: 1. Do you have enough money to do all that you had planned? 2. If gas costs $3.00 per gallon, what factors will determine how much gas you purchase? 3. We will assume that you and your date will get into the game for free since you are students. Will you have enough to take your date to dinner after the game, once you purchase gas for your car? 4. Would you be better off to cancel the whole night's plans? Justify your answer...tell why you made your choice.
Answers
Answer:
1. No
2.If you are on a budget it depends if you want to purchase $50 or another amount, while if you want to fill up the gas tank it depends on the cars' capacity. Some cars can take up to 11 gallons of gas, so if wanting to fill up the tank you would need to spend $33.
3. no because i will have 6 dollars left.
4. yes and chill at home with my date, im sure he/she will understand unless they will help pay for it or ask parents.
JUSTIFYING ANSWER= i choose to be this way because first off i would save my money once i even found about homecoming.
Explanation:
People of Brainly, who was your worst bully, and how did you stop them?
Answers
Which two of the following are long-term sources, of finance?
A- Interest rates
B- Venture capital
C- Trade credit
D- Share capital
E- Start up costs
Answers
Answer:
the answer is B and D
why does producer surplus exist?some producers are willing to produce at a price that is below the equilibrium price.
Answers
Producer surplus exists when producers can sell goods at a price above their cost of production, earning a profit. It indicates profitability, encourages investment, and fosters economic growth.
Producer surplus exists because some producers are willing to produce at a price that is below the equilibrium price. The equilibrium price is the market price where the demand for goods and services is equal to the supply of goods and services. Producers who can produce goods at a lower cost than the equilibrium price can sell their goods at a price that is above their cost of production and earn a surplus, which is the difference between the price they receive and the cost of production.Producer surplus is the difference between the amount a producer is willing to accept for a good or service and the amount they actually receive. Producers who can produce goods at a lower cost than the equilibrium price can sell their goods at a price that is above their cost of production and earn a surplus, which is the difference between the price they receive and the cost of production.Producer surplus is important because it indicates the level of profits that producers can earn from their production activities. When there is a producer surplus in a market, it means that producers are able to earn a profit from their production activities. The existence of producer surplus can also encourage producers to increase their output and invest in new technologies and processes, which can lead to further economic growth.For more questions on economic growth
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true/false. individual problems 5-2 suppose an initial investment of $80 will return $40/year for three years (assume the $40 is received each year at the end of the year). at a discount rate of 30%, this investment profitable.
Answers
The statement "an initial investment of $80 will return $40/year for three years at a discount rate of 30%, this investment is profitable" is false.
We want to determine whether this investment is profitable at a discount rate of 30%.
To do this, we need to calculate the present value of the investment. The present value is the amount of money that would need to be invested now to generate the same cash flows as the investment in the future.The formula for present value is:
PV = FV / (1 + r)n
where, PV = present value
FV = future value (in this case, $40)
n = number of years
r = discount rate
Using this formula, we can calculate the present value of the investment for each year:
Year 1: PV = $40 / (1 + 0.3)1 = $30.77
Year 2: PV = $40 / (1 + 0.3)2 = $23.67
Year 3: PV = $40 / (1 + 0.3)3 = $18.21
The total present value of the investment is the sum of these amounts:$30.77 + $23.67 + $18.21 = $72.65
Since the present value is less than the initial investment of $80, the investment is not profitable at a discount rate of 30%.
Therefore, the statement " an initial investment of $80 will return $40/year for three years at a discount rate of 30%, this investment is profitable" is false.
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Why would you write a complaint to a company?
Answers
Answer:
To discuss with a company about a problem you may be having with their service or product.
Explanation:
This table shows the descriptions of careers of three individuals.
Individual
Career Descriptions
Derek
Drives a mobile running store in a van that sells racing gear to runners at running events, such as marathons
Taylor
Stands by the entrance and exit of a retail shoe store and collects money for the merchandise that customers are buying
Rashida
Oversees that the aquariums for a fish tank store are made, stored, and transported according to schedule
Which best describes the career each individual has?
Derek is a Driver/Sales Worker, Taylor is a Customer Service Representative, and Rashida is a Supply Chain Manager.
Derek is an Entrepreneur, Taylor is a Cashier, and Rashida is a Survey Researcher.
Derek is an Entrepreneur, Taylor is a Customer Service Representative, and Rashida is a Survey Researcher.
Derek is a Driver/Sales Worker, Taylor is a Cashier, and Rashida is a Supply Chain Manager.
Answers
Answer:
Derek is a Driver/Sales Worker, Taylor is a Cashier, and Rashida is a Supply Chain Manager.
Explanation:
Derek's core mandate is to sell racing gear. The vans act as his store. Dereck can be best described as a salesperson or a sales worker. Because he drivers his van around, he is a driver/sales worker.
Taylor is assigned the role of collecting money from customers who buy merchandise. He has to ensure every customer pays the collect amount and is given the right change if there is a need. The functions of Taylor are those of a cashier.
Rashida supervises the making and delivery of aquariums fish tanks. He controls and directs the actions of others to ensure objectives are met. Rashida is a supply chain manager as this role revolves around ensuring customer orders are delivered on time.
What is the process of translation from stimulus to neural signal known as?
Answers
The process of translation from stimulus to neural signal, known as Transduction. As it was the process of the sensory stimuli.
What is Transduction?As the word transduction is referring as, the process by which the foreign DNA, was introduced in it the cell and the viruses or the viral vector, As it was the example of the viral transfers of DNA.
Transduction is the cognitive process by which sensational stimuli are translated into signalizes the brain can construe. Transduction becomes at sensory anatomical structure, a specialized animate thing in each sense organ.
Therefore, The right option (D) is correct.
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The complete option was follows.
A) induction
B) adaptivity
C) proprioception
D) transduction
is water wet or....?
Answers
Answer:
water is a substance made up of two compound one is hydrogen and second is oxygen
the chemical formula for water is ( H2O )
Explanation:
hope it helps
Answer:
real
Explanation:
(water)
To "finance" an asset is: A) To sell the asset for move then market value B) to lad money to buyers so they can improve portedias C) to raise maney in orjer to acquire the asset D) all Choices are correct Which of the following is a stakcholders of a Colforaxion. A) The stock exchange where the corporation is listed (3) Compectiters of the corporation ()) Suppliers of the Corporasion (D) The currency exchange for foreign corporations All of the following are characterisuics of ploprictorships except? A) limited life B) ease of formation () Income treated as part of the sole propistars income for tax purposes D) ease of rassing additional money for expansion
Answers
Limited life, ease of formation, and income treated as part of the sole proprietor's income for tax purposes are all characteristics of proprietorships.
To "finance" an asset is to raise money in order to acquire the asset. The correct option is C, "to raise money in order to acquire the asset."Explanation:
A corporation is an organization that is created to perform a specific function and is distinct from its owners, who are known as shareholders. The corporation has its own legal identity, which is separate from that of its owners, and it is responsible for its own debts and other financial obligations.
A stock exchange where the corporation is listed is a stakeholder of a corporation. The correct option is A, "The stock exchange where the corporation is listed."This is because the stock exchange plays a crucial role in determining the price of the corporation's shares,
which is a major factor in determining the value of the corporation's assets. Competitors of the corporation, suppliers of the corporation, and the currency exchange for foreign corporations are not considered stakeholders of a corporation.A proprietorship is a type of business organization in which a single individual owns and operates the business.
The correct option is D, "ease of raising additional money for expansion." This is because proprietorships face significant difficulties in raising additional funds for expansion,
which may limit their growth potential. Limited life, ease of formation, and income treated as part of the sole proprietor's income for tax purposes are all characteristics of proprietorships.
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Select the correct answer from each drop-down menu. Kevin is a store manager and has employees from diverse cultures reporting to him. He has often seen Marcos having arguments with his colleagues, Kwa Lee and Gaurav. What can Kevin do to ensure that there is team spirit and effective communication amongst all? Kevin can first be aware of his own attitude to diversity . He can also assess Marcos and him to change his behavior toward his other colleagues. He can also think of putting them together into similar departments to encourage .
Answers
Kevin leads in an autocratic manner since he just cares about his work. He seldom ever notices his subordinates. He doesn't even compensate the workers for their efforts.
Autocratic or authoritarian behavior as a leadership style.
An authoritarian leader consolidates his own personal control over both decision-making and authority. Without speaking to the workforce, he gives directions and assigns endeavors and liabilities. The pioneer assumes all authority and responsibility.
Negative leadership that relies on threats and punishment is autocratic.
Subordinates go about as he coordinates. He neither really focuses on their perspectives nor licenses them to impact the choice. He accepts that due to his position he alone can conclude what is best in a given circumstance.
Close oversight, unambiguous guidance, and directing requests from the majority are the foundations of autocratic leadership. It functions with quick decisions, brief activity, and heading unity. A lower level of appointment is required. Nevertheless, an excess of purpose of power could result in strikes and current debates. It makes sense to instill dissatisfaction and impede the growth of the employee limit.
Kevin leads in an autocratic manner since he just cares about his work. He seldom ever notices his subordinates. He doesn't even compensate the workers for their efforts. Individual control over all choices and little participation from the group are traits of his behavior. He frequently disregards advice and makes decisions based solely on his opinions and judgments.
These sorts of choice include the utilization of power gave on the singular taking the choice by the association's design. Hierarchical decisions are those decisions taken simply in light of a legitimate concern for the association. Directors are given the authority by the firm to settle on decisions in light of a legitimate concern for the association. Notwithstanding, this authority doesn't concede them the ability to pursue individual decisions. It should likewise be perceived that while hierarchical decisions can be assigned, individual decisions can't be appointed.
To explain further the concession among individual and hierarchical choice, let us think about the accompanying model. James Harrison was terminated by the supervisor since he didn't submit to the principles of the organization. This would be an authoritative choice. In any case, assuming James Harrison was terminated essentially on the grounds that the director loathed him for not a great explanation connected with the organization then that would be an individual choice. An authoritative choice is customized yet an individual choice is non-modified.
Functional:
Typically, judgments related to everyday activities are made functionally. These kinds of tailored choices are, by definition, meant to help the organization achieve short-term objectives. Chiefs at lower and middle levels typically make these decisions. Functional decisions must be made within the framework of the organization's established practices. As a result, those that must accept functional option are allowed to exercise their very own constrained utilization caution and drive.
Simple functional decisions, such regularly procuring writing materials and other natural resources, are designed to have an impact on a certain area or division of the company. As we can see, making such a decision will only affect the buying department.
Strategic Decisions:
It is implied that decisions involving important but one-time issues qualify as critical decisions. These decisions are made using a variety of administrative skills, wisdom, and experience. Not at all like functional choices, important decisions worry the firm's drawn-out points. When making a crucial decision, the person or group making it must carefully consider how the company association and its current situation are related. Important judgments are less secure in nature since the climate is constantly changing. Another reverence among important and practical choices is that crucial judgments are made by senior management.
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Answer: The Answer is diversity, Counsel, and Interactions.
Explanation:
This is correct, I just took the test. :)
Jamal and keisha are considering entering into an agreement to trade tasks. how can specialization of labor benefit jamal and keisha? check all that apply. jamal can specialize in washing cars, because he has the comparative advantage. keisha can specialize in washing cars, because she has the comparative advantage. specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days. specialization allows them to collectively mow 12 more lawns and wash 27 more cars every three days. specialization allows them to earn more money.
Answers
The ways in which specialization of labor can benefit them would be: Keisha can specialize in washing cars because she has a comparative advantage.
What is Specialization of Labor?Specialization of Labor is a division of labor that involves breaking down activities into a simpler set of tasks so that each participant participates hand in hand and no individual is being overworked, and to promote efficiency.
From the given information, the correct options are:
Keisha can specialize in washing cars because she has a comparative advantage.Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.Specialization allows them to earn more money.Learn more about specialization here:
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Answer:
B C E
Explanation:
The histogram and box plots below show the distribution of finishing times for male and female winners of the New York Marathon between 1970 and 1999.
Answers
Answer:
Kindly check explanation
Explanation:
A.)
From the histogram, the number of runners who made a certain range of Runtime can be easily deduced on the y-axis of the histogram, which isn't possible on the boxplot.
Summary statistic such as lower quartile, median and upper quartile statistics including outliers can be deduced easily from the boxplot.
B.)
Bimodal distribution occurs when two different groups or class have the highest number of values in a distribution.
C.)
The distribution of marathon times for men is fairly normally distributed while that if women is skewed.
The minimum and maximum values in the women's distribution is greater than the minimum and maximum values in the men's distribution.
The women's distribution has greater variance than the men's distribution. (greater range value).
ation in Business organizations
5
Select the correct answer.
Which phrase correctly defines the motives of a business?
OA. satisfying the needs of people
OB. helping a country's economy grow
OC. incurring expenses
OD. earning profits and providing value in the form of goods or services
Answers
Answer:
D. earning profits and providing value in the form of goods or services
Explanation:
Businesses are set-up to make profits. Entrepreneurs risk their resources, capital, and time with expectations to make a profit. For a business to be profitable, it must offer products or services that provide solutions to customers' problems. The reward or motivation that business people get for engaging in business is the profits realized.
Businesses face competition from other businesses offering the same products and services. To remain relevant and profitable, it must offer goods and services that give satisfaction to the customers.