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2 years ago

question 3 fill in the blank: data involves creating new ways of modeling and understanding the unknown by using raw data.

Business

1 answer:

faltersainse [42]2 years ago

8 0

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.

To learn more about data analysis visit:brainly.com/question/18169335

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Which of these innovations would not qualify as a dominant design? a. The two wheeled diamond frame bicycle b. Direct online ins

Alecsey [184]

The best answer for this question would be:

d. The 5 string bass guitar

This innovation is not a dominant design because it has already been done, and that the attempt of this 5-string would result in a musical failure.

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3 years ago

Carly is watching television and notices that she has seen the same commercial four times during the same program. she wonders w

grigory [225]

Answer:

She is unfamiliar with the <u>"mere exposure effect."</u>

Explanation:

When an individual hear or see something many times, he/she develops a preference for that thing merely, the reason is that an individual is so much familiar with that, this phenomenon is known as mere-exposure effect. Sometimes we also develop that effect when we watch any tv program so many times that we develop much familiarity with that program.

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3 years ago

Many new ventures focusing on craft beer have been launched. If the goal is to make a profit, perhaps it would have been a bette

klemol [59]

Answer:

a. Total rate variance = $1,660 Unfavorable

b. Total efficiency variance = $450 Unfavorable

Explanation:

From the question, we have:

Standard for hops = 20 pounds per barrel

Standard rate = Standard rate for hops = $13.00 per pound

Barrels of Hopalong beer produced = 40

Actual quantity = Actual pounds of hops used = 830 pounds

Standard quantity = Standard pounds of hops = Standard for hops * Barrels of Hopalong beer produced = 20 * 40 = 800 pounds

Actual rate = Actual cost of hops per pound = $15

Therefore, we have:

a. Compute the total rate variance for the past month

Total rate variance = (Actual rate - Standard rate) * Actual quantity = ($15 - $13) * 830 = $1,660 Unfavorable

The total rate variance of $1,660 is unfavorable because the Actual rate is greater than the Standard rate.

b. Compute the total efficiency variance for the past month

Total efficiency variance = (Actual quantity - Standard quantity) * Standard rate = (830 - 800) * $15 = $450 Unfavorable

The total efficiency variance of $450 is unfavorable because the Actual quantity is greater than the Standard quantity.

6 0

3 years ago

Acme Inc. has 200 total employees, 150 of which are nonexcludable employees. Ten employees are highly compensated. Seven of the

Irina18 [472]

Answer:

b. 1 only.

The Plan Passes the ratio percentage test.

Explanation:

the ratio percentage test = ratio of non-HCE / ratio of HCE ≥ 70%

ratio percentage test = (100/140) / (7/10) = 0.71/0.7 = 1.02 or 102% ≥ 70% ✓ passed

the average benefits test = 1.5% / 3% = 0.5 or 50% ≤ 70% X failed

This means that the highly compensated employees receive disproportionately high benefits from the plan.

8 0

3 years ago

The concept just-in-time (JIT) works well if a company works with lots of suppliers. It also helps avoid the breakdowns that occ

luda_lava [24]

Answer:

False

Explanation:

The just in time (JIT) system was developed by Toyota in order to decrease inventory costs and improve overall efficiency. Since a car manufacturer uses tens of thousands of different parts and supplies, they have a lot of suppliers and the JIT works perfectly for them. So the first part is true.

But the main disadvantage with JIT systems is that it increases stockout and breakdown risks. Since the whole process must work very smoothly, any disruption can cause a lot of problems.

3 0

3 years ago