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Makovka662 [10]
2 years ago
9

Workers at an automobile repair shop report that half of the automobiles they repair have a resale value below $8000. in this ex

ample, which measure of central tendency does the $8000 represent?
Business
1 answer:
andrey2020 [161]2 years ago
3 0

In the given example, the $8000 represents median of central tendency. The median is the number in the middle of a sorted, ascending or descending list of numbers, and it can be more descriptive of the data set than the average. It is the point above and below which half (50%) of the observed data falls, and thus represents the data's midpoint.

The median is the number in the middle of a sorted list of numbers. To find the median value in a series of numbers, sort the numbers in value order from lowest to highest or highest to lowest. The median can be used to approximate an average or mean, but it should not be confused with the actual mean.

To learn more about median, click here

brainly.com/question/28060453

#SPJ4

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Hubble's constant is a "constant" in that its value __________. view available hint(s) hubble's constant is a "constant" in that
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4 0
3 years ago
In the preparation of departmental income statements, the preparer completes the following steps in the following order: (1 poin
olasank [31]

Answer:

The correct answer is a. Identify direct expenses; allocate indirect expenses; allocate service department expenses.

Explanation:

Selling costs are the costs incurred by a company to market the products or services, such as the salary of the sellers, commissions, gasoline of the trucks that distribute the orders, advertising, etc. Administrative expenses are the costs incurred by a company to manage its operations. Examples of these expenses would be the salary of the accountant, the surveillance expenses, the expenses for the cleaning service, stationery, salaries and benefits of the administrative staff of the company, etc. Some concepts can be shared, such as office rent. If there are sales and administration departments in the same building; The total expenditure must be applied to the two departments according to the space each of them uses (square meters) or at an estimated percentage; for the  therefore, of the total rent one part would be selling expenses and another part administration expenses.

3 0
4 years ago
Two firms sell 100% orange juice in 10 ounce bottles. The juice is only good for one week. The two firms have contracts for all
Feliz [49]

Answer:

D. Cournot model.

Explanation:

This is explained to be a model pattern wherever 2 companies in most cases that are in duopoly are seen to provide a sort of product at the same time meeting a needed amount and most importantly severally as a kind of competition. As seen above, that was the case of the two firns in the above question. Founding economist fathers has explained that if a game contains a continuous strategy set then it's not forever simple to depict the strategic kind and outcome matrix is an in depth kind as a tree. so as to gift Cournot game, new notation are going to be helpful if a game contains a continuous strategy.

7 0
3 years ago
6. Which of the following statements is NOT an element of a well-designed Service System?a. It is consistent with the operating
alekssr [168]

Answer:

e. It effectively separates the back office and the front office so each can focus on their own tasks in order to optimize their departmental performance.

Explanation:

  • A service system is one that is focused on the growth of technology and information system. It's designed to give services that meet the expectations, needs, and wants of clients.  
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8 0
3 years ago
explain the difference between a change in quantity demanded and a change in demand. Provide a real world example of a factor th
Zina [86]

Answer:

A change in quantity demanded is caused by a change in price only. That is, when price rises quantity demanded falls vise versa

A change in demand occurs when there is a shift in the demand caused by a change in other determinates of demand other than price such as change in income, change in taste and fashion, demographic changes etc.

Explanation:

Real word example of change in demand :

Changing Tastes or Preferences

From 1990 to 2020, the per-person consumption of chicken by Americans rose from 48 pounds per year to 85 pounds per year, and consumption of beef fell from 77 pounds per year to 54 pounds per year, according to the U.S. Department of Agriculture (USDA). Changes like these are largely due to movements in taste, which change the quantity of a good demanded at every price: that is, they shift the demand curve for that good, rightward for chicken and leftward for beef.

Simply put it this way> Change in quantity demanded : Price change, quantity demanded change

Change in Demand: Price doesn't change but quantity demanded changes as a result of change in other determinates of demand examples the change in preference

6 0
3 years ago
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