Answer and Explanation:
There are two main pricing objective and strategy i.e competitive pricing and penetrative pricing which are explained below:
1. Competitive pricing :
In this Agatha's Inc, all five rivals should evaluate pricing models for a related kind of product. If your product has a little more value added than your collegaues, then you can establish a target price target that is higher than the competitors.
Now to do that, it's necessary to send the customer a message that they're purchasing value for a price.
2. Penetrative pricing :
When the target price is set on the basis of the competitive pricing model , it is important to obtain the product favourably from the consumer and to do so you can start selling a little lower than the target price and sell the goods as a discount or promotional deal.
If the initial sales are strong and buyers like the product then return the product to target pricing and do intensive marketing to sell the message that the product 's cost is a bargain for the value provided by the company.
The mixture of the above two pricing strategies would ensure a better positioning of Agatha's Inc product with better profitability.
Answer:
Data Mining Techniques
Identification of whether the task required supervised or unsupervised learning:
a. supervised learning
b. supervised learning
c. supervised learning
d. supervised learning
e. supervised learning
f. unsupervised learning
g. unsupervised learning
h. supervised learning
Explanation:
There are supervised and unsupervised machine learning models. In a supervised learning model, the algorithm evaluates a labeled dataset by comparing it with another dataset called the training data. The purpose is to evaluate its accuracy on the training data. On the other hand, an unsupervised model uses the unlabeled dataset and tries to make sense of it by extracting non-existing features and patterns without the training dataset.
Answer:
The minimum number of staffs that could be hired is 4
The optimal number of stuff is 6 and The total cost per hour is $114.14
Explanation:
Average arrival rate, λ = 190 per hour
Average service rate, μ = 1 in 1 minute = 60 per hour
The minimum number of servers required for a stable queuing system
= λ/μ
= 190/60
= 3.167
Therefore, The minimum number of staffs that could be hired is 4.
s P0 Lq Server cost per hour = s*18
4 0.029 2.210 72
5 0.039 0.483 90
6 0.041 0.137 108
Waiting cost per hour = Lq*45 Total cost per hour
99.44 171.44
21.72 111.72
6.14 114.14
The total cost is optimal for s = 6.
Therefore, The optimal number of stuff is 6 and The total cost per hour is $114.14
Is there anymore answers so i can help u? but i feel like it would be sense of humor.
A! Hope this was helpful for you.
