Answer:
Primary Research Data.
Explanation:
Entrepreneur can collect the primary data by themselves. They can collect in numerous available methods and options. They can collect it either with the help of questionnaires or by taking interviews. Many more options like open ended questionnaires or close ended questionnaires then can be opted accordingly. Likewise, in-depth interviews can be conducted to collect more valuable insights about the customers which definitely can be very helpful fo the entrepreneurs in order to make strategical and tactical level decisions quite effectively.
Six
sigma is a philosophy and set of methods companies use to eliminate defects in
their products and processes<span>.
It also seeks to reduce variation in the processes that
lead to product defects. It measures quality,
process for Continuous Improvement and enabler for culture
change so culturally six sigma means companies must learn how to be nearly
flawless in executing key processes and achieving business imperatives. Quantitatively six sigma means the average process generates no
more than 3.4 defects per million. Therefore, based on the figures given above
the defects per million opportunities (DPMO) is 15, 333 and the defective rate
us 1.533% and the passed rate is 98.467%.</span>
Answer:
(a) 5
(b) $150 million
(c) 45 million
Explanation:
(a) Multiplier = 1 ÷ (1 - MPC
)
= 1 ÷ (1 - 0.8
)
= 1 ÷ 0.2
= 5 ⇒ the value of the simple multiplier is 5.
b) If the autonomous expenditure is increased by $30 million then the total output will increase by:
= $30 million × 5
= $150 million
c) If the Marginal propensity to import is 0.3 then the import will increase by:
= 150 × 0.3
= 45 million
Answer:
c. The owner of an intellectual property grants its use to a league in exchange for a fee.
Explanation:
Licensing occurs when: owner of an intellectual property grants its use to a league in exchange for a fee.
Hey There!:
Sample Mean = 4.4823
SD = 0.1859
Sample Size (n) = 7
Standard Error (SE) = SD/root(n) = 0.0703
alpha (a) = 1-0.99 = 0.01
t(a/2, n-1 ) = 3.7074
Margin of Error (ME) = t(a/2,n-1)x SE = 0.2606
99% confidence interval is given by:
Sample Mean +/- (Margin of Error)
4.4823 +/- 0.2606 = (4.222 , 4.743)
Hope this helps!
