Answer:
What is the process capability ratio = Cp= 0.833
Explanation:
From process capability (Cp) = USL - LSL /6SD
where SD = standard deviation, USL = Upper specification, LSL = Lower specification
SD = 0.13, USL - LSL = 0.65
Cp = 0.65/6x0.13
Cp= 0.833
Since Cp < 1, hence the process is not adequately stable , and as such, it does not meet the design specification.
<u>Measures of dispersion are often used in finance as a proxy for risk:</u>
Measures of dispersion are generally used to describe the variability in sample. The three commonly used measures of dispersion are as follows,
- Interquartile range - Difference between the and percentile (also known as the and quartile). The formula is
- Range - Difference between the largest and smallest observation. The formula is
- Standard deviation - SD is the square root of sum of squared deviation from the mean divided by the number of observations. The formula is as follows,
Appropriate usage of measures of dispersion:
Median and interquartile range is used for skewed numerical data, ordinal data or mean. When mean is utilized as a measure of central tendency or symmetric numerical data, SD is used.
Usage in finance:
In finance, the Regression analysis technique helps in explaining the dispersion of dependent variable, that is measured by its variance, with the help of one or more independent variables each of which has positive dispersion. This proves to be a proxy for risk.
A survey was conducted two years ago asking college students their top motivation for using a credit card. To determine whether this distribution has changed, you randomly select 425 college students and ask each one what the top motivation is for using a credit card. Can you conclude that there has been a change in the claimed or expected distribution? Use α=0.10.
RESPONSE OLD SERVEY NEW SERVEY
Rewards 29% 112
Low Rates 24% 97
Cash Back 21% 107
Discounts 9% 48
Other 17% 61
Yes I do believe that but not in all men tho some are different
Answer:
A decrease in the elasticity of demand for the cartel's product.
Explanation:
The cartel is under the control of companies operating in the same area. This is undesirable. It is concluded between businesses and these contracts prevent competition. Such arrangements are also prevented by governments, which aims to promote competition among governments across the country. This type of arrangement creates unity and demonstrates business behavior in activities that prevent other competitors from entering the sector.
Adverse effects on consumers include:
1) Higher prices - cartel members can raise prices, which reduces the demand elasticity of any member.
2) Lack of Transparency - Members may agree to hide prices or hide information such as hidden charges in credit card transactions.
3) Limited production - Members may agree to limit market production, such as OPEC and oil quotas.
4) Build Market - Cartel members can collectively divide a market into regions or regions and not compete in each other's territory.