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3 years ago

Explain the characteristics strengths, weaknesses of quantitative

Business

2 answers:

mario62 [17]3 years ago

7 0

Strengths Limitations
Findings can be generalised if selection process is well-designed and sample is representative of study population Related secondary data is sometimes not available or accessing available data is difficult/impossible
Relatively easy to analyse Difficult to understand context of a phenomenon
Data can be very consistent, precise and reliable Data may not be robust enough to explain complex issues

Strengths Limitations
Complement and refine quantitative data Findings usually cannot be generalised to the study population or community
Provide more detailed information to explain complex issues More difficult to analyse; don’t fit neatly in standard categories
Multiple methods for gathering data on sensitive subjects Data collection is usually time consuming
Data collection is usually cost efficient

Arte-miy333 [17]3 years ago

5 0

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At a large department store, the number of years of employment for a cashier is a normally distributed variable with a mean of 5

Yakvenalex [24]

Answer:

0.0084

Explanation:

For this probability problem, we will have to make use of the normal probability distribution table.

to use the table, we will have to compute a certain value

z = (x- mean) /Standard deviation

z = $\frac{(10 - 5.7)}{1.8}$ = 2.39

Probability he has worked in the store for over 10 years can be obtained by taking the z value of 2.39 to the normal probability distribution table to read off the values.

<em>To do this, on the "z" column, we scan down the value 2.3. we then trace that row until we reach the value under the ".09" column. </em>

This gives us 0.99916

Thus we have P (Z < 2.39) = 0.9916

We subtract the value obtained from the table from 1 to get the probability required.

1 - 0.9916 = 0.0084

The Probability that the employee has worked at the store for over 10 years = 0.0084

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3 years ago

A job applicant identifies preparing contract documents for construction managers as something the applicant considers

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Answer:

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2 years ago

32. What is a predatory financial service?

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<h2>Answer:</h2>

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2 years ago

A manufacturer has an estimated practical capacity of 90,000 machine hours, and each unit requires two machine hours. The follow

nata0808 [166]

Answer:

Of the following factors, the manufacturer's production volume variance is most likely to have been caused by:

D. Temporary employment of workers with lower skill levels than originally anticipated.

Explanation:

a) Data and Calculations:

Estimated practical capacity = 90,000 machine hours

Machine hours per unit = 2

Estimated production units based on capacity = 45,000 (90,000/2)

Budgeted Actual

Variable overhead = $200,000 $240,000

Actual fixed overhead = $450,000 $442,000

Machine hours 90,000 88,000

Units produced 45,000 42,000

Estimated units to be produced based on standard machine hour

= 44,000 units (88,000/2)

Variance between standard units to be produced and actual = 2,000 (44,000 - 42,000) Unfavorable

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3 years ago

When businesses form voluntary, collaborative partnerships with environmental organizations and regulators to achieve specific o

Dahasolnce [82]

Answer: Environmental partnerships.

Explanation:

It is important to understand that for most and all business to thrive there have to be an enabling environment for that to happen. Environment play a key or major role to the growth of any business and as such most business pay keen attention to their environment and do every means to ensure it is vulnerable for them to operate well. The partnership between organizations and seeking a operational environment to do their business is known as environmental partnership.

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3 years ago

Explain the characteristics strengths, weaknesses of quantitative​

Explain the characteristics strengths, weaknesses of quantitative