Answer: (4) Requirement analysis
Explanation:
The requirement analysis is one of the process of determine the actual user expectation for building the new product with the help of new modifications.
The requirement analysis is one of the phrases of SDLC (Software development life cycle). The requirement analysis is also known as requirement engineering.
According to the question, the requirement analysis is one of the software development life cycle phase in which the information system are produced by using the report according to the organization quality.
Therefore, Option (4) is correct.
Answer:
The amount that will be received today is $2518857.85
Explanation:
To calculate the amount that will be received today, we need to discount the amount that will be received three years from now for a period of 3 years using the given discount rate. As there is only a single cash flow, we will use the formula for present value of principal.
The present value of principal is,
Present value = Cash flow / (1+d)^t
Where,
- Cash flow is the amount for which we have to found the present value
- d is the discount rate
- t is the time in terms of number of periods
- Here the t is in years and the number of periods is 3 years
Present value = 3000000 / (1+0.06)^3
Present value = 2518857.849 rounded off to $2518857.85
Answer: 0.5 making the demand for gas to be inelastic in this range.
Explanation:
The price elasticity of demand is calculated as:
= % change in quantity demanded / % change in price
= 15% / -30%
= -0.5
Based on the above calculation, we can see that the elasticity of demand equals to 0.5. Since, it is less than 1, it is said to be inelastic.
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