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Data analysis involves creating new ways of modeling and understanding the unknown by using raw data.
Working with data to extract relevant information that may be used to guide decisions is known as data analysis.
What is data analysis?
- Data analysis tools are software and programmers that gather and analyze data about a company, its clients, and its competitors in order to streamline operations and help decipher patterns so that decisions may be made using the data.
- The process of inspecting, purifying, manipulating, and modelling data in order to find relevant information, support inferences, and help decision-making.
- Data analysis is utilized in several fields of business, science, and social science and has many dimensions and methodologies.
- It includes various techniques and goes by many different names. Data analysis contributes to more scientific decision-making and more efficient business operations in the modern business world.
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Answer:
option (A) 49 days
Explanation:
Data provided:
Net sales = $3,749.9 million
Accounts receivable on December 31, 2016 = $486.6 million
Accounts receivable on December 31, 2015 = $520.2 million
Now,
The duration from December 31, 2015 to December 31, 2016 = 365 days
Days sales outstanding = 
or
Days sales outstanding = 
or
Days sales outstanding = 
or
Days sales outstanding = 48.99 ≈ 49 days
Hence,
The correct answer is option (A) 49 days
Answer:
The income effect and substitution effect work in opposite directions and income effect is dominant.
Explanation:
In case of a normal good, both the income effect as well as substitution effect work in the same direction. A fall in the price of a product will increase the purchasing power of the consumer so its quantity demanded will increase.
The consumers will also prefer the cheaper good so the substitution effect will cause the quantity demanded to increase.
In case of an inferior good, however, income elasticity is negative. The income effect and substitution effect work in opposite directions.
A price decrease in the case of an inferior good will increase the real income and purchasing power of the consumer. This will cause the quantity demanded of the inferior good to decline as the consumer will prefer a substitute normal good.
red and orange because tertiary colors are combinations with primary and secondary colours.
