1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Digiron [165]
3 years ago
6

You have been asked to analyze data on customer cancellations within 60 days of purchasing insurance with GEICO, and are given t

he characteristics of the policy (payment plan, number of vehicles, coverage choices, etc.) along with cancellation (Yes or No). The goal of the analysis is to determine if a certain payment plan we offer leads to significantly lower cancellation rates. How would you approach this problem
Business
1 answer:
sergeinik [125]3 years ago
3 0

Answer:

Explanation:

I would simply approach this like a simple coding question. Firstly, I would see if the data is less than 60 days since purchase, if not then I would move on to the next piece of data. If it is less than 60 days then I would analyze the characteristics of the plan to see which plan it compares to. Once I do this then I would analyze to see if it was cancelled if so I add 1 to the amount of that plan that was cancelled, otherwise I move on to the next piece of data. Once all the data is analyzed I then compare all the plans and see which plan has the most cancellations within the 60 days of purchase.

You might be interested in
According to the value in diversity problem-solving approach A. surface-level diversity is less likely to lead to team cohesion
marshall27 [118]

Answer:

The correct answer is option E (diversity in teams is beneficial because it provides for a larger pool of knowledge from which a team can draw as it carries out its work).

Explanation:

Diversity in an organization/team is broad in its definition as it describes a group of individuals who are from different backgrounds, races, ages, education working for a common goal.

When we talk about surface-level diversity, then we are pointing at those visible differences such as sex, age. While Deep-level diversity is those characters that are not visible such as beliefs, likes, dislikes, temperament.

Diversity in teams is beneficial because team members would have diverse backgrounds, experiences, problem-solving capacities, exposures, bringing diverse solutions to the team which leads to good team performance, and a quick, better solution to problems.

3 0
3 years ago
Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $64,000, and Martin's capital balance $61,000.
antoniya [11.8K]

Answer:$0

Explanation:

Because because Black must actually grant a bonus to Hewlett and Martin

6 0
3 years ago
Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 1
Hitman42 [59]

Answer:

124.38%

Explanation:

capacity utilization rate is the rate at which productive capacity or output is being utilized. It is denoted by the equation:

Capacity utilization = [actual output/ potential output] %

= (45,400/365) %

=124.38%

8 0
3 years ago
The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 300 units at $5 each on January 1.
bogdanovich [222]

Answer:

Cost of goods sold is d. $1,600

Explanation:

The LIFO is a method used to account value for inventory. Under the method, the last item of inventory purchased is the first one sold.

1. January 1,  Inventory 300 units, $5 per unit. Total $1,500

2. Purchasing:

In February, 500 units, $4 per unit. Total $2,000

In March,  200 units, $6 per unit. Total $1,200

The Xu Corporation uses a periodic inventory system and sells 300 units during the quarter.

Cost of goods sold = 200 x $6 + 100 x $4 = $1,200 + $400 = $1,600

3 0
3 years ago
Archie Co. purchased a framing machine for $45,000 on January 1, 2021. The machine is expected to have a four-year life, with a
swat32

Answer:

depreciation for 2021 is $ 18,000

book value at December 31, 2021 is $ 27,000

Explanation:

Sum of Digits Method is a depreciation method that provides for higher depreciation to be charged early in the life of an asset with a lower depreciation in later years.

Sum of digits for the  framing machine is calculated as follows :

Year                                           Sum of Digits

1                                                          4

2                                                         3

3                                                         2

4                                                          1

Total                                                   10

<u>Depreciation for 2021 is calculated as :</u>

= 4/10× $ 45,000

= 18,000

<u>Book value at December 31, 2021 is calculated as :</u>

=Cost - Accumulated Depreciation

=$45,000 - $ 18,000

=$ 27,000

4 0
3 years ago
Read 2 more answers
Other questions:
  • Wikipedia's engagement of readers and the public in developing content, with an emphasis on timeliness and the breadth of conten
    9·1 answer
  • Consider the market demand for peanut butter.Complete the following table by indicating whether an event will cause a movement a
    7·1 answer
  • Ace Corporation engaged Kosier, CPA, to perform a consulting engagement. While driving to Ace's office, Kosier was involved in a
    8·1 answer
  • Albert was wanting to save some money on his vacation, so he brought food and soft drinks with him to the airport to eat on the
    12·1 answer
  • The objectives of cybersecurity are to accomplish each of the following except:_______ a. Make data and documents available and
    15·1 answer
  • Harding corporation sells two products, standard and supreme. expected sales are 40,000 standard and 60,000 supreme. standard's
    9·1 answer
  • A promise made by a manufacturer or dealer that a product meets certain quality standards and that defective parts will be repla
    12·1 answer
  • A politician, surrounded by a crowd of people, comes under gunfire. The would-be assassin is using a fully automatic firearm. A
    7·1 answer
  • Appraisers rely on recently completed transactions of similar properties to guide their selection of the cap rate to be used to
    14·1 answer
  • It would be common to use the term ____ to refer to the manufacturing process when discussing the global supply chain.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!