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2 years ago

A ___________ is a measure that summarizes a particular characteristic of an entire group of numbers.

Business

1 answer:

Harrizon [31]2 years ago

6 0

A statistic is a measure that summarizes a particular characteristic of an entire group of numbers.

Statistics is considered the universal language of the sciences which involves information, numbers, visual graphics in order to summarize information and its interpretation.

Statistics is the science of collecting, interpreting, and describing data. A statistic is any quantity computed from values in a sample which is considered for a statistical purpose.

Statistical measures are a descriptive analysis technique which is used to summaries the characteristics of a data set. This data set represent the whole population or a sample of it.

Hence, a statistic measure summarizes a particular characteristic of an entire group of numbers.

To learn more about the Statistical measures here:

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In your own words.

ss7ja [257]

Empowering employees means to provide the training, tools, resources, motivation, and encouragement you workers need to perform at an exceeding level. It is important because it help employees build confidence and a better working community.

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3 years ago

Joel wants to buy his best friend a home audio system for his birthday. He visits a few electronic stores and looks at different

vodka [1.7K]

Answer: Shopping products

Explanation:

A shopping product is a type of product which equires consumer research and the comparison of different brands. Shopping products are items that are less frequently bought by the consumer hence the consumer compare several available brands in the market.

Consumers need planning, time and efforts before a final decision is taken on whether to purchase the product or not.

For example, considering the audio system that Joel wants to buy, he analyzed available brands firstly in the market taking the price and quality into consideration after which a wireless bluetoth home audio system was chosen and paid for. Examples of shopping product are washers, fridge, television etc.

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3 years ago

When an economy is operating efficiently, the production of one more unit of a good will result in some loss of production of an

s344n2d4d5 [400]

Answer:

a) resources are limited and efficiency implies that all resources are already in use

Explanation:

If production is efficient, it means that the economy is producing on the production possibility frontier and all resources are in use.

To produce one unit of a good, the economy has to forgo producing one unit of the other good.

I hope my answer helps you.

3 0

3 years ago

I just want to know if my answer is correct

nataly862011 [7]

Answer:

The correct answer is letter "A": 20% of income.

Explanation:

The percentage of savings of people will directly depend on their income. Employees earning the minimum wage are likely to use the most of their salary paying bills which will give them few to no opportunity for saving. On the other hand, executives with annual income above the average have more chances to save a good percentage of the money they receive monthly according to their expenses.

However, for a person who receives an average salary that allows covering expenditure and having some free money a bank account, at least should be saving 20% of that income. Besides, according to the 50/20/30 budget rule, <em>50% of the salary should be spent on needs, 30% on wants, and 20% on savings</em>.

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3 years ago

A careful analysis of the cost of operating an automobile was conducted by a firm. The following model was developed: Modifying

kenny6666 [7]

Answer:

a. 7,000

b. 9,000

Explanation:

The model developed is correctly stated as follows:

y = 4,000 + 0.2x .................................... (1)

a) If the car is driven 15,000 miles this year, the forecasted cost of operating this automobile ls (enter your response as a whole number)

When x = 15,000, we substitute this into equation (1) and calculate y as follows:

y = 4,000 + 0.2(15,000) = 4,000 + 3,000 = 7,000

Therefore, the forecasted cost of operating this automobile ls $7,000 when the car is driven 15,000 miles this year.

b) If the car is driven 25,000 miles this year, the forecasted cost of operating this automobile is (enter your response as a whole number).

When x = 15,000, we substitute this into equation (1) and calculate y as follows:

y = 4,000 + 0.2(25,000) = 4,000 + 5,000 = 9,000

Therefore, the forecasted cost of operating this automobile ls $9,000 when the car is driven 25,000 miles this year.

Comparing the answers obtained in (a) and (b) above, we can see that the higher the number of miles the car is driven, the higher is the operating cost. This implies that there is a positive relationship between the number of miles the car is driven and its operating cost.

5 0

3 years ago