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Wittaler [7]
3 years ago
11

In order to remain competitive, Big Bus Lines must reduce its average ticket price by 15%. However, the firm still wants to rema

in profitable. Which of the following options would allow Big Bus Lines to remain profitable while dropping its ticket prices?
Social Studies
1 answer:
ValentinkaMS [17]3 years ago
3 0

Answer:

decreasing its variable costs by at least 15%

Explanation:

<u>Big Bus Lines case study:-</u>

The firm has reduced the price of the ticket by 15%. There are a number of ways through which the firm, Big Bus lines can still profitable. The correct option is:-

<u>decreasing its variable costs by at least 15%</u>

<u>Variable costs:-</u>

They the costs which change as quantity of services or goods which are produced by the business changes. Variable costs are sum of the marginal costs over all the business' units produced.

<u>Thus, reducing the costs by same percentage can help the firm to remain profitable.</u>

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Mrac [35]

Answer:

1. Co-variance= -1.2

2. correlation coefficient= -0.4404

3.  There is weak negative relationship between x and y.

Explanation:

1.

Co-variance= Cov(x,y)= sum[(x-xbar)(y-ybar)]/n

xbar=sumx/n=32/5=6.4

ybar=sumy/n=35/5=7

x 7 8 5 3 9

x-xbar 0.6 1.6 -1.4 -3.4 2.6

y 7 5 9 7 7

y-ybar 0 -2 2 0 0

(x-xbar)(y-ybar) 0 -3.2 -2.8 0 0

Cov(x,y)= sum[(x-xbar)(y-ybar)]/n=-6/5=-1.2

Cov(x,y)=-1.2

2.

correlation coefficient=r

r=\frac{sum(x-xbar)(y-ybar)}{\sqrt{sum(x-xbar)^2sum(y-ybar)^2} }

x 7 8 5 3 9

x-xbar 0.6 1.6 -1.4 -3.4 2.6

y 7 5 9 7 7

y-ybar 0 -2 2 0 0

(x-xbar)(y-ybar) 0 -3.2 -2.8 0 0

(x-xbar)² 0.36 2.56 1.96 11.56 6.76

(y-ybar)²  0 4 4 0 0

r=\frac{-6}{\sqrt{23.2(8)} }

r=-0.4404

3. Since the value of correlation coefficient is negative and less than 0.5 , so, we can say that there is weak negative relationship between x and y.

7 0
3 years ago
22. Which of the following point
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<em>I</em><em> </em><em>think</em><em> </em><em>none</em><em> </em><em>of</em><em> </em><em>the</em><em> </em><em>above</em><em>.</em><em>.</em><em>.</em><em>.</em><em>.</em>

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3 years ago
The head of government in Nepal is the __________.
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Answer:

The head of government in Nepal is the

<h3><u>Prime </u><u>minister </u><u>.</u></h3>

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5 0
3 years ago
Lands' End, an American apparel and outerwear firm, ships each order within 48 hours and its guarantee is said to be the best in
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Answer:

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Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question these marketing actions most likely reflect its Customer Satisfaction Goals. This is the act of a company making sure that their customers are completely happy with the purchase as well as the purchasing experience that they have had with Lands' End.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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Therefore, the correlation between citizenship education and social studies is the impact that each of these variables have on each other, as social studies are the basis for understanding the evolutionary process of man in society as an active subject of life construction , of their rights and well-being, where the search for social science linked to critical thinking contributes to the recognition of man and his social role, his achievements and citizenship as an essential element for human and social development.

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3 years ago
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