online Information is changed through analytical processing in order to produce business intelligence to aid in strategic decision-making.
MEANING
Online analytical processing, also known as OLAP, is a method used in computing to quickly respond to multi-dimensional analytical (MDA) inquiries. The broader field of business intelligence, which also includes relational databases, report writing, and data mining, includes OLAP as one of its subcategories. Business reporting for sales, marketing, management reporting, business process management (BPM), budgeting and forecasting, financial reporting, and related sectors are typical OLAP applications. New applications, such agricultural, are emerging.
Online transaction processing, a traditional database phrase, was slightly modified to become OLAP (OLTP).
Users of OLAP technologies can interactively evaluate multidimensional data from many angles. area, etc.
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Answer:
slope of the resulting budget line = = 0.2
Explanation:
given data
price of product Y = $15
price of product X = $3
money income C = $60
to find out
absolute value of the slope of the resulting budget line
solution
we know here equation of resulting budget line is that is express as
AX + BY = C
here A and B are the quantity and X and Y are price and C is income
so
3 A + 15 B = 60
so
the slope of the resulting budget line is
slope of the resulting budget line =
slope of the resulting budget line = = 0.2
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Answer:
The marginal cost of driving the car is $7.50 + the cost of gas.
Explanation:
Initial cost: $29.95
200 miles you drove- 150 miles free= 50 miles you have to pay for
50 miles * 15 cents per mile
50* 0.15= $7.5
<u><em>$7.50</em></u>
Answer:
At 6.31 % discount rate would you be indifferent between these two plans.
Explanation:
given data
plan x = $22,000
plan y = $32,000
time t = 19 year
solution
we will equate here both present value and that is express as
Present Value of Perpetuity = .................1
Present Value of Annuity = .............2
equating both equation 1 and 2
=
\frac{22000}{r} = \frac{32000}{r}(1 - (1 + r)^{-19})
(1 + r)^{-19} = 1 - \frac{22000}{32000}
solve it we get rate r
r = 0.063131
rate = 6.31 %
so at 6.31 % discount rate would you be indifferent between these two plans.