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sertanlavr [38]
3 years ago
12

Describe a process with which you are familiar. List some factors that contribute to common cause variation. Cite some examples

of special causes of variation in this process.
Business
1 answer:
kolezko [41]3 years ago
3 0

Answer / Explanation:

If given a couple of data and asked to analyse it, there is bound to be some level of variation. Irrespective of how much e try to avoid it, we will find it difficult to achieve identical results for two different scenarios.

Variation can therefore be defined as the quantitative or numerical approach used to indicate how widely individuals in a group vary.

Factors that contributes to common cause variation includes:

First, we need to understand that Common Cause Variation are caused by unknown factors that result in a steady but random distribution of output around the average of the data. We need to understand that Common cause variation is the remaining variation after removing the special causes (non-normal causes) due to one or more of the 5Ms and an “E” causes (Manpower, Material, Method, Measurement, Machine, and Environment), also known as 6Ms (Manpower, Mother nature, Materials, Method, Measurements or Machine).

And some special cause of variation in this instance includes:

Phenomena that are active within the system

Variation within a historical experience base which is not regular

Lack of significance in individual high and low values

Human error

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Which of the following are risks that Banks must prepare for select 3 answers <br><br>​
n200080 [17]

Answer:

I think one is borrowers who don't pay back

Then I think that interest rates falling is also one

These are the only ones I can think of. hope they help

7 0
2 years ago
Fabian was finding it difficult to acquire a credit card that would suit his needs. He checked his credit report to determine wh
shusha [124]

Answer:

D.

irregular and missed loan payments

Explanation:

Missing and missed loan payments cause one to have a poor credit score.  A credit score is a numerical representation of an individual or institution's debt worthiness. A high credit shows that the individual is a trusted borrower.

A high credit score comes about if one has a history is repaying his or her obligation promptly. The individual does not skip on their regular installments repayment. Lending institutions use borrowing history to predict how a borrower is likely to behave if credit is advanced to them. A high credit score shows that the borrower is unlikely to default to his repayment.

4 0
3 years ago
Consider the following data, which shows the quantities and prices of two goods produced in the economy, to answer the following
maw [93]

Answer:

$250 million

Explanation:

Given that,

Cell phones:

Quantity produced = 5 million

Price per cell phone = $100

Pizza:

Quantity produced = 25 million

Price per pizza = $10

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Market value of pizza:

= Quantity produced × Price per pizza

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8 0
3 years ago
Santana Industries purchased a supply of electronic components from ABC Corporation on October 1, 2020. In payment for the $5 mi
pshichka [43]

Answer: they will report an interest expense of $150000 in December 2020

Explanation:

firstly we calculate how much interest will be accumulated for the whole year so we are given a $5 million Dollar purchase which is the amount that will accumulate interest over time, then we have been told the company ha issued a 1 year installment note therefore we have a time frame.

so now we will calculate the yearly interest of $5 million :

$5 000000x12% = $600000 so the company will accumulate this interest yearly then we divide this amount by 12 to get the monthly interest.

$600000/12 = $ 50000 per month interest thereafter we will multiply the monthly interest of $50000 by 3 months which is months from October to December.

therefore the interest expense to be reported on the December 2020 income statement is $50000 x 3= $150000

6 0
2 years ago
In business, it is customary to praise individualistic competition and denigrate collective bargaining in all forms. However, in
GuDViN [60]

Answer:

What lessons are we to learn from this?

The Hanseatic league, just like the Northern Italian City-States of the Late Middle Ages, are early examples of capitalism: they represent proto-capitalism.

In the cities that belonged to the Hanseatic League, the work of merchants was promoted, and capital accumulation and the profit motive began to develop. However, this does not meant that cooperation was out of place. The merchants cooperated voluntarily because they could get more working in association.

Are there prospects for more merchant leagues in an increasingly globalized economy?

There will always be the prospect for more merchant leagues, because people naturally cooperate if it is in the benefit of all the parties.

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3 0
3 years ago
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