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klasskru [66]
3 years ago
10

Data-driven decision management is usually undertaken as a way to gain a competitive advantage. A study from the MIT Center for

Digital Business found that organizations driven most by data-based decision making had _________ productivity rates and ____________ profits.
Business
1 answer:
Ganezh [65]3 years ago
5 0

Answer:

  • 4%
  • 6%

Explanation:

Professors Andrew McAfee and Erik Brynjolfsson of the MIT Sloan School of Management performed a study that proved that corporations that used data driven decision management had a higher productivity (+4%) and higher profits (+6%). This study was made by the two professors and the MIT Center for Digital Business.

They were very clear in specifying that the success of data driven management is based upon the quality of the data gathered and the effectiveness of its interpretation. Not all data gathered is useful for every corporation, so it must be properly analyzed and interpreted.

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MC Qu. 123 The ending inventory of finished... The ending inventory of finished goods has a total cost of $9,800 and consists of
Vlad [161]

Answer:

$5,200

Explanation:

Given the above information,

Direct labor = $3,726 / 0.81 = $4,600

But,

Total cost = Direct material + Direct labor + Overhead

Fixing the values, we'll have

$9,800 = Direct materials + $4,600 + $3,726

Direct materials = $9,800 - $4,600

Direct materials = $5,200

Therefore $5,200 raw materials cost was incurred in producing these units.

7 0
3 years ago
The village of Hempstead has been taking a look at the issue of responding to 911 calls. It is a small community and geographica
yuradex [85]

Answer:

\bar X = \frac{17+12+9+16+14}{5}= 13.6min

So then the best answer for this case would be:

a. 13.6 minutes

Explanation:

For this case we have the following data for the response rates:

17,12,9,16,14

And we want to calculate the mean response time for 911 calls in this village.

And for this case we use we can use the definition of sample mean given by:

\bar X = \frac{\sum_{i=1}^n X_i}{n}

Where n = 5 represent the sample size for this case. If we replace we got:

\bar X = \frac{17+12+9+16+14}{5}= 13.6min

So then the best answer for this case would be:

a. 13.6 minutes

The sample mean is an estimator unbiased of the population mean because:

E(\bar X) = E(\frac{\sum_{i=1}^n X_i}{n}) = \frac{1}{n} \sum_{i=1}^n E(X_i) = \frac{n\mu}{n}= \mu

For this reason is a good statistic if we want to see central tendency in a group of values.

8 0
3 years ago
Select the TRUE statement about the Incident Action Plan.
klasskru [66]
TRUE. C. Establishes the overall incident objectives, strategies, and tactics.

Incident Action Plan is a formal documentation of incident goals, operational period objectives, and the strategies that will be implemented in response to the incident defined by command during the response planning.
5 0
4 years ago
At Corpceton, a plastic products manufacturing company, two to three newly hired machine operators are assigned to senior machin
UNO [17]

Answer: On the job training

Explanation:

They ate required to learn as they are employed by a superior then they are assigned a machine which in due time would make them superior too after they become skilled. This cycle continues so even though one may not have much prior knowledge they can learn on the job.

7 0
4 years ago
A family spends $56,000 a year for living
vovangra [49]

If a  family spends $56,000 a year for living expenses. If prices increase 5 percent a year for the next four years, the amount that the family need for their annual living expenses after four years is $68,068.35.

<h3>Annual living expenses</h3>

Using this formula

Amount=Amount spent× (1+ rate)^ Number of years

Let plug in the formula

Amount=$56,000× (1+0.05)^4

Amount=$56,000× (1.05)^4

Amount=$68,068.35

Therefore If a  family spends $56,000 a year for living expenses. If prices increase 5 percent a year for the next four years, the amount that the family need for their annual living expenses after four years is $68,068.35.

Learn more about Annual living expenses here:brainly.com/question/26383826

#SPJ1

8 0
1 year ago
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