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3 years ago

What is the first step to take when trying to solve a problem?

Business

2 answers:

KatRina [158]3 years ago

7 0

Know what the problem is?

Zielflug [23.3K]3 years ago

4 0

List all the things that you know and the thing you don't, in order to understand what you are trying to solve.

Hope this helps :)

You might be interested in

Find the expected return for Jackson Corporation. Round to the nearset hundredth percent. Answer in the percent format. Do not i

Maksim231197 [3]

Question:

Jackson Corporation has expected return of 12% during recession, 20% during normal, and 40% during boom state of economy. Probability of recession, normal and boom states of economy is 0.25, 0.50, and 0.25 respectively. Find the expected return for Jackson Corporation. Round to the nearset hundredth percent. Answer in the percent format. Do not include % sign in your answer (i.e. If your answer is 4.33%, type 4.33 without a % sign at the end.)

Answer:

23.00

Explanation:

Given:

For Jackson Corporation:

Expected return during recession = 12%

Expected return during normal = 20%

Expected return during boom = 40%

For Economy:

Probability of recession = 0.25

Probability of normal = 0.50

Probability of boom = 0.25

Required:

Find the expected return for Jackson Corporation.

To find expected return, use the expression below:

Expected return = (Probability of Recession * Returns at Recession) + (Probability of Normal * Returns at Normal) + (Probability of Boom * Returns at Boom)

Using the expression above, expected return for Jackson corporation will be calculated as:

Expected return = (25×12%)+(0.50×20%)+(0.25×40%)

= 3 + 10 + 10

= 23%

Expected return for Jackson corporation is 23.00

5 0

3 years ago

5. For the following observations, calculate the class width for a histogram.

Soloha48 [4]

Answer:

See Explanation

Explanation:

Given

The histogram

Required

The class width

The question is poorly formatted, as the histogram cannot be read. So, I will answer your question with the attached histogram

The class width is:

$Width = Upper - Lower\ Limits$

Using the first class, as reference:

$Lower\ Limits = 1$

$Upper\ Limits = 4$

So, the class width is:

$Width = 4 -1$

$Width = 3$

6 0

3 years ago

Zanny Electronics Corporation uses a standard cost system for the production of its water ski radios. The direct labor standard

AlexFokin [52]

Answer:

Labor Rate Variance = - $1,188 Unfavorable

Explanation:

Provided labor hours for each radio = 0.9

Standard labor cost per hour = $7.20

Actual labor cost = $48,708

Actual labor hours = 6,600

Actual labor rate = $48,708/6,600 = $7.38

Labor Rate Variance = (Standard Rate - Actual Rate) $\times$ Actual Hours

= ($7.20 - $7.38) $\times$ 6,600 =<em><u> - $1,188 Unfavorable</u></em>

6 0

3 years ago

john’s friend, michael, just got fired from his job as a server at a local restaurant. after michael is done telling his story a

puteri [66]

In a case whereby john’s friend, Michael, just got fired from his job as a server at a local restaurant and narrated the issue to John, and John says "so, your boss took the customer’s words over yours, then John means that his boss do not trust him.

<h3>What is the trust between the employee and employer?</h3>

The trust between the employee and employer can be seen as one that do make the relationship between the employer as well as the employee to be strong.

It should be noted that the Trust in the workplace implies that there is a culture of honesty as well as psychological safety which exist between the employee as well as the employer, hence in the case whereby the employer is acting against the employee as a result of the comments from the customer without any investigation implies that there is no trust between them which is not adviceable.

Learn more about customer at:

brainly.com/question/1286522

#SPJ1

5 0

1 year ago

In year 1, nominal GDP for the United States was $2,250 billion and in year 2 it was $2,508 billion. The GDP deflator was 72 in

leonid [27]

Answer:

c. 1.6 percent.

Explanation:

GDP Deflator = Nominal GDP / Real GDP * 100

year 1

Real GDP = $2250 billion/72*100

= $ 3125.

year 2

Real GDP = $2508 billion/79*100

= $3175

Real GDP rose by = Real GDP (2nd year) - Real GDP (1st year)

= $3175 - $3125

= $ 50

% increase = $50/$2,250*100

= 1.6%

Therefore, The Real GDP rose by 1.6%.

7 0

4 years ago