Answer:
-3.28
Explanation:
Given that,
Initial quantity, Q1 = 2
Final quantity, Q2 = 0
Change in quantity = Q2 - Q1
= 0 - 2
= -2
Initial income, M1 = $8
Final income, M2 = $15
Change in Income = M2 - M1
= $15 - $8
= $7
Average quantity:
= (2 + 0) ÷ 2
= 1
Average income:
= (15 + 8) ÷ 2
= 11.5
Therefore,
Percentage change in quantity demanded:
= (Change in quantity demanded ÷ Average quantity) × 100
= (-2 ÷ 1) × 100
= -200%
Percentage change in income:
= (Change in income ÷ Average income) × 100
= (7 ÷ 11.5) × 100
= 60.87%
Income elasticity of demand:
= Percentage change in quantity demanded ÷ Percentage change in income
= -200 ÷ 60.87
= -3.28
Answer:
The term has two distinct meanings–one is statistical; the other is a comprehensive quality system.
Explanation:
Here, the point fact states that it will take a six standard deviation from the mean for an error to happen.
Six Sigma evolved to define numerous ideas within the business sphere and is sometimes confusing. Firstly, it's a statistical benchmark. Any business process, which produces less than 3.4 defects per 1 million chances is said to be efficient. A defect is anything produced outside of consumer satisfaction. Second, it is a training and certification program, which teaches the core principles of Six Sigma. Practitioners may achieve the Six Sigma certification belt levels, ranging from white belt to black belt. Finally, it's a philosophy, which promotes the idea that all business processes can be measured and optimized.
Answer:
2. Interest income will drop by less than $3 million for a sudden 1% drop in market interest rates
Explanation:
Since in the question it is mentioned that there is decrease in 2021 interest income of $3 million in the case when there is a sudden decline of 1% in the rate of interest of the market this is due to the convexity of the curve as the GAP analysis and assume straight line
So the option 2 is correct
Answer: I want employees who are like-minded with the values and best practices in my company .
Explanation: Having a candidate attraction strategy that speaks to your company culture will increase the likeliness of attracting and engaging talent who will thrive and stay with you longer.Hiring talent that doesn’t align with your company culture creates personal conflict within the employee that will no doubt impact their work and those they work with It’s your responsibility as an employer to set your employees up for success, and making sure their values and work ethic is in line with your culture before extending an offer is the very first thing you can do for them and the rest of your workforce.Company culture expresses what the organization’s expectations, values and beliefs are and how the organization interacts with both its own employees and the people in the communities in which they do business .
