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ASHA 777 [7]
2 years ago
7

A quality improvement project was initiated in an industry that has seasonal demand for their product, coolers/ice chests, which

are purchased/sold more frequently in the summer. The goal of the project is to increase sales. The project has reached the point where the team is developing their baseline measurement. Depicting a baseline measurement for this project is best facilitated by which quality improvement tool?A.HistogramB.Pareto chartC.SIPOC diagramD.Run chart
Business
2 answers:
gulaghasi [49]2 years ago
4 0

Answer:

A. Histogram

Explanation:

Histogram is nothing but the diagram formed of rectangles in a graphical form representing the distribution of numerical data. The strength of histogram is that the picture of location and variation of data set can be read easily as the individual data are grouped together to give clear picture of occurrence of frequency data in each class in the data set.

Olegator [25]2 years ago
3 0

Answer:

The correct answer is letter "A": Histogram.

Explanation:

A histogram is a visual representation of the data clustered in intervals. The data were extracted from quantitative variables. A histogram is used to obtain an understanding of the distribution of data or samples. Qualitative data can also be used but the amount of data must be large. This type of graph plots rectangular vertical bars with a proportional height of the intervals they cover.

Therefore, <em>the project in the example can use a histogram to portrait its level of sales through the different seasons.</em>

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vovangra [49]
Probably a T-chart would be best
8 0
3 years ago
What is the eventual effect on real GDP if the government increases its purchases of goods and services by $50,000? Assume the m
Finger [1]

Answer:

a. The real GDP increases by $200,000.

a. The real GDP increases by $150,000.

Explanation:

a. What is the eventual effect on real GDP if the government increases its purchases of goods and services by $50,000?

Eventual effect on real GDP = Amount of increase in government spending * (1 /(1 - MPC)) = $50,000 * (1 / (1 – 0.75)) = $200,000

Therefore, the real GDP increases by $200,000.

a. What is the eventual effect on real GDP if the government, instead of changing its spending, increases transfers by $50,000?

Eventual effect on real GDP = (Amount of increase in government transfers * (1 /(1 - MPC))) - Amount of increase in government transfers = ($50,000 * (1 / (1 – 0.75))) - $50,000 = $150,000

Therefore, the real GDP increases by $150,000.

3 0
2 years ago
Evaluate the set of events below. Determine how the events will impact their respective markets. a. In examining the market for
k0ka [10]

Answer:

One thing to clear ab initio is that equilibrium quantity and price are achieved when the demand and supply curves intersect at a point.  Therefore, at equilibrium, the demand and supply in quantity are equal.

a) If a technological improvement reduces the cost of product, the equilibrium price will reduce and equilibrium quantity will be equal to the quantity demanded and supplied.

b) If there is a reduction in the number of sellers, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.

c) If there is a tax levied on the sellers of apps, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.

Explanation:

a) The market is in equilibrium when the supply and demand curves intersect, meaning that the quantity demanded and quantity supplied are equal.  The price and quantity at which this intersection occurs are called the equilibrium price and equilibrium quantity respectively.   In economics,  when quantity supplied equals quantity demanded, an equilibrium situation is achieved, and it is represented by this equation: Qs = Qd; where Qs is quantity supplied and Qd is quantity demanded.

b) Equilibrium price reduces when there is a cost reduction and more supplies are pushed to the market to meet demand.

c) When suppliers leave the market, it means that the market price and demand are no longer attractive and beyond their individual influence.  This leads to a reduction in quantity supplied overall.

d) Sales tax increases the price of goods and services, and equilibrium will be achieved when there consumers demand the product with increased price and sellers are willing to produce and sell at such a price.

5 0
3 years ago
What’s the answer????
Artemon [7]
Economics I believe
8 0
3 years ago
Read 2 more answers
Once the project and project are developed, it must be determined whether the project can be accomplished within the required ti
valina [46]

Answer:

False

Explanation:

Required time, budget and resources are the factors to be calculated before development of that project. First phase of a project is requirement, after requirement these factors should be estimated. Once a project is developed then there is no use of these estimates.

4 0
3 years ago
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