When a data analyst identifies and classifies keywords from customer reviews to improve customer satisfaction, this is an example of categorizing things.
<h3>What is data?</h3>
Data can be defined as a representation of factual instructions (information) in a formalized and structured manner, especially as a series of binary digits (bits) or strings that are used on computer systems in a company.
<h3>Who is a data analyst?</h3>
A data analyst can be defined as an expert or professional who is saddled with the responsibility of inspecting, transforming, analyzing, and modelling data with the sole aim of discovering useful information, providing insights, and creating informed conclusions, so as to support decision-making.
<h3>The data analyst six (6) problem types.</h3>
Generally, there are six (6) problem types that are associated with a data analyst and this include the following:
- Making predictions
- Categorizing things
- Spotting something unusual
- Identifying themes
- Discovering connections
- Finding patterns
In this context, we can infer and logically deduce that a data analyst identifying and classifying keywords from customer reviews in order to improve customer satisfaction is an example of categorizing things.
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Answer:
Profit : $297,000
Explanation:
Revenue is the earnings generated by a business by selling products and services. Expenses are the cost incurred in the process of generating revenue for the business.
A business will make profits if revenue exceeds expenses.
In this case, the revenue ($895,000) exceeds expenses($598,000). Therefore, the business will make a profit.
The profit will be revenue minus expenses
=$895,000 -$598,000
=$297,000
Answer:
c. best utilization of scarce resources
Explanation:
Economics is the study of how society uses its scarce resources to meet the insatiable needs of its members. Resources are the inputs that a county uses to produce goods and services. They are the four factors of production.
Human needs are unlimited and cannot be satisfied with the available scarce resources, necessitating human beings to make choices. Economics will involve analyzing production decisions amidst limited resources. It also analyses how the goods produced are distributed to satisfy the different needs and wants of its members.
Answer:
THere will be a negative loss for (7,000) dollars
Explanation:
The net income will be the result of doing revenues less expenses
The cash dividends are not considered for the calcualtions. they impact retained earnings not the income of the current period.
revenues 153,000
expenses <u> (160,000) </u>
<em>loss (7,000)</em>
Answer:
Affirmative action
Explanation:
Affirmative action refers to a positive discrimination whereby policies are made to favour groups or individuals that are known to have been previously discriminated against. It involves trying to correct the wrongs or effects of previous discriminations. So in this case when measures are taken in hiring, recruiting employing and educational remedy to past and present discrimination against members of specific groups, it is referred to as Affirmative Actions. It is aimed at improving employment and educational opportunities for individuals belonging to minority groups and oppressed individuals/groups.