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igor_vitrenko [27]
2 years ago
10

We use statistics when making decisions, rather than parameters, because ________________.

Business
1 answer:
natka813 [3]2 years ago
4 0

Statistics are used in place of parameters for making decisions since they are simpler to collect.

<h3>What are the guidelines?</h3>

In general, a parameter is any feature that aids in describing or categorizing a certain system. In other words, a parameter is a component of a system that is crucial or useful for identifying the system or assessing its functionality, status, or other characteristics.

To describe the entire population under study, a parameter is utilized. For instance, we are interested in learning the typical length of a butterfly. This information about the total butterfly population makes it a parameter.

Three different parameter kinds,

  • Value Specifiers.
  • Parameters of Reference.
  • output variables

To learn more about parameters, refer to:

brainly.com/question/13794992

#SPJ4

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Analyzing and Computing Accrued Warranty Liability and Expense Waymire Company sells a motor that carries a 60-day unconditional
Elenna [48]

Answer:

the warranty expense reported is $138,000

Explanation:

a. The computation of the warranty expense that should be reported in its current period income statement is shown below:

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Hence, the warranty expense reported is $138,000

8 0
3 years ago
Lucy and Everly, a clothing retail company, wants to collect secondary data on the buying behavior of teenage customers in its n
MrRissso [65]

The action that Lucy and Everly will most likely take is obtaining of data compiled by databases created by marketing research firms within the new geographic market.

Marketing research means a process of gathering, recording, analyzing and drawing conclusion on collected data from potential customers of a product to facilitate decision making.

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  • A marketing research data are also provided by marketing research firms to firms who need them.

In conclusion, the action that Lucy and Everly will most likely take is obtaining of data compiled by databases created by marketing research firms within the new geographic market.

Read more about Marketing research

<em>brainly.com/question/24967957</em>

5 0
2 years ago
As mentioned in the video, the US produces an annual "List of Goods Produced by Child Labor or Forced Labor." How effective do y
lina2011 [118]

Answer and Explanation:

By publishing the "List of Goods Produced by Child Labor or Forced Labor" the American government is able to raise awareness among the population that, although child labor is something inconceivable in American society, it still happens with great intensity in various places around the world. This allows the population to become aware of this situation and to stop buying products produced by companies that finance and allow child labor to happen. When they stop using these products, companies suffer a decrease in demand, which can cause significant changes in the production and in the lives of children who need to work.

While consumer pressure at companies that allow child labor is effective, pressure from political and commercial authorities is more effective in bringing about change and ensuring the protection of children, as these authorities can promote severe punishments for those who allow this to happen.

7 0
3 years ago
Customers' expectations are based on their experiences. if a customer expects his hotel room to be ready when he arrives, but en
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<span>Customers' expectations are based on their experiences. if a customer expects his hotel room to be ready when he arrives, but encounters a wait because it is not prepared, this reflects a knowledge gap on the part of the hotel because it did not understand the customer's expectations.

The knowledge gap explains that there are discrepancies that can be made when someone is unsure of another persons expectations. This is common and normal, human error exists. The best thing someone can do moving forward is ask more question to be better prepared but often times, it was not communicated to the appropriate person correctly. </span>
6 0
4 years ago
Many healthcare companies are making adaptations to meet the needs of aging population as the demand for medical services and pr
Tasya [4]

Answer:

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5 0
3 years ago
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