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Valentin [98]
3 years ago
11

The range rule of thumb roughly estimates the standard deviation of a data set as​ _______.

Business
1 answer:
goblinko [34]3 years ago
5 0
Range is the measure of variation that is very sensitive to extreme values. It is the difference between high and low values, while standard deviation is the standard measure of variation.The range rule of thumb roughly estimates the standard deviation of a data set as s=range/4 , where s stands for standard deviation and
<span>range = Maximum - Minimum</span>
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For Sharon,<u> responsiveness </u>is the most important of the five service quality dimensions.

<h3>What is Responsiveness?</h3>

Responsiveness can be defined as the process of responding to someone quickly or promptly without delay.

Based on the given scenario Sharon want the restaurant to render or provide service to her by serving her the meal quickly as possible.  

Inconclusion <u> responsiveness </u>is the most important of the five service quality dimensions.

Learn more about responsiveness here:brainly.com/question/475234

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2 years ago
Bottling Company enters into a contract with Chug’s Brewery to provide certain bottling and delivery services. Before Bottling s
irakobra [83]

Answer:

B. discharged

Explanation:

Based on the information provided within the question it can be said that Bottling's contractual obligation to Chug is breached. This term refers to when a party in a contract does not meet the obligations that they agreed upon for whatever reason. Which, since Bottling decided to not perform their part of the contract due to prices becoming to high then they are breaching the contract, regardless whether or not it is due to external factors.

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3 years ago
Lakeside Inc. produces a product that currently sells for $57.60 per unit. Current production costs per unit include direct mate
Sidana [21]

Answer:

It is convenient to make the changes.

Explanation:

Giving the following information:

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Variable overhead= $11.00

Fixed overhead= $11.00.

New costs:

Direct material cost= 22*1.2= $26.4

Direct labor cost= 24*1.2= $28.8

<u>I suppose that the selling price will increase by $40.</u>

To determine whether the changes increase profit or not, we need to calculate the unitary contribution margin per unit for both options:

Contribution margin= selling price - unitary variable cost

Actual Contribution margin:

Contribution margin= 57.6 - (22 - 24 - 11)= 0.6

New contribution margin:

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3 years ago
_____ is the method of determining what a business will get in exchange for its products.
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Answer:

pricing

Explanation:

pricing is the amount you pay a buissness for their product.

3 0
3 years ago
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Marisol recently put her house on the market at an asking price of $260,000. She realizes, however, that in order to sell the ho
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Maria recently put her house on the market at an asking price of $260,000. She realizes, however, that in order to sell the house, she may have to use price skimming

<h3>What is price skimming?</h3>

Price skimming is a pricing strategy that a company can use when launching a new product or service.

Price skimming is commonly used for new technologies. DVD players are an excellent example of this. When DVD players first became available in the late 1990s, they could cost up to $1,000. If you do a quick search on Amazon, you'll find that a new DVD player costs only $33.

The pricing strategy will be influenced by the stage of the product's life cycle. The process of charging a relatively high price for a product is referred to as price skimming. When a product is new to the market, skimming is commonly used (in its introduction or growth phase)

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