1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BartSMP [9]
3 years ago
6

Which graphical display shows marginal and conditional distributions at the same time?

Business
1 answer:
vivado [14]3 years ago
5 0
<span>Contingency tables are the most common way of showing both marginal and conditional distributions. Reading them is quite easy and intuitive, and often the graphical part of the analysis is left at that. Taking a step further, one can translate the table into a chart: it is advised to use a bar chart to effectively show the data</span>
You might be interested in
Bricktan Inc. makes three products, basic, classic, and deluxe. The maximum Bricktan can sell is 130,000 units of basic, 508,000
katrin [286]

Answer:

the total contribution margin if Bricktan chooses the most profitable sales mix is $27,000,000

Explanation:

It is important to note that the limiting factor identified is the production hours.

<em>Step 1 Calculate Contribution per limiting factor of each product</em>

Basic

1 unit requires 0.1 hours

Contribution per limiting factor = Contribution per unit / Quantity of limiting factor per unit

                                                    = $15/0.10

                                                    = $150

Classic

1 unit requires 0.125 hours

Contribution per limiting factor = Contribution per unit / Quantity of limiting factor per unit

                                                    = $25/0.125

                                                    = $200

Deluxe

1 unit requires 0.25 hours

Contribution per limiting factor = Contribution per unit / Quantity of limiting factor per unit

                                                    = $55/0.25

                                                    = $220

<em>Step 2 Rank the products </em>

1st = Deluxe

2nd = Classic

3rd = Basic

<em>Step 3 Determine the production mix</em>

Product                  Total hours demanded                Balance

Capacity                                                                       134,000

Deluxe                   (230,000×0.25) =  57,500             76,500

Classic                   (508,000×0.125) = 63,500             13,000

Basic                      (130,000×0.1)     =  13,000                  0

<em>Step 4 Calculate total contribution</em>

Deluxe                   (230,000×$55) =  12,650,000          

Classic                   (508,000×$25) =  12,700,000            

Basic                      (130,000×$15)   =  1,650,000

Total                                                 =  27,000,000              

7 0
3 years ago
_______ is best described as the difference between the value a consumer attaches to a good or service and what he or she paid f
zysi [14]

Consumer Surplus

This is the difference between what consumers are willing and able to pay and what they actually do pay. You may be willing to spend up to $100 on a new pair of shoes but if you find the perfect pair on sale for $20 you will buy those and there will be an $80 surplus.

5 0
3 years ago
Nick has a comprehensive health care policy with a $250 per-calendar-year deductible, an 80% co-insurance provision, and a $1,00
VikaD [51]

Answer:

Nick  pay maximum $930

so correct option is d. $930

Explanation:

given data

health care policy = $250

co-insurance provision = 80 %

it mean claim to be paid by insurance company = 80%

and claim to be paid by Nick =  20 %

co payment cap = $1,000

claim insurance = $600

company paid  = $280

total bills = $5,000

to find out

How much will Nick have to pay for the second claim

solution

we get first amount to be paid by insurance company and nick  is

amount to be paid by insurance company and nick  = $600 - $250

amount to be paid by insurance company and nick = $350

and

we know here 80% of $350  paid by insurance company

so paid by insurance company  = 80% of $350 = $280

and  paid by Nick = $350 - $280 = $70

so Limit available to co payment = $1000 - $70

Limit available to co payment = $930

so Nick  pay maximum $930

so correct option is d. $930

5 0
3 years ago
Employee involvement and participation (eip) management is a method of management where ________.
Grace [21]
It's a method where <span>subordinates share a significant degree of decision-making power with their immediate superiors
One positive benefit of the employee involvement and participation is that companies will prepare more employees to understand the company's operational method and make more potential leaders for the company if it choose to expand in the future</span>
6 0
3 years ago
ou open a business selling art supplies and lessons. In your first month, you had the following total sales: $4,000 in paint, $2
never [62]
8,400 is your answer all you have to do is add the 4 sales and subtract the discounts and the returns 
8 0
3 years ago
Read 2 more answers
Other questions:
  • Globalization is the process of the world becoming more connected. Like any process that involves economic choices, it has posit
    12·2 answers
  • Imagine that you are looking for a job as a interior decorator. Describe four specific ways that you could look for job leads
    14·2 answers
  • 2. The stock market is experiencing a bear market. Trading volume has been high for weeks. Even the most stable stocks are feeli
    11·1 answer
  • Most state and local income taxes are either... (insert big wrinkle response here).
    7·2 answers
  • Columbus Company owns 25% of Zanesville Inc. and accounts for the investment using the equity method. During the year, Zanesvill
    9·1 answer
  • Tiptoe Shoes had annual revenues of $190,000, expenses of $106,200, and dividends of $20,000 during the current year. The retain
    10·2 answers
  • Identify a true statement about responsive supply chains.
    12·1 answer
  • For each of the following shifts(A,B,C,&amp;D) in the demand curve and associated price change of a complement or substitute ite
    14·1 answer
  • Kawamura, a careful utility maximizer, consumes peanut butter and ice cream. Assume that both peanut butter and ice cream are no
    8·1 answer
  • Liam has purchased a fee-for-service health insurance plan from Leroux Health Insurance. Plan A includes a $248. 00 monthly prem
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!