Answer: Categorical; Ordinal
Explanation:
The data that are collected by the airline in this case is referred to as categorical.
The categorical variables are simply referred to as categorical variables because they can be segregated into groups. Also, the measurement of scale that is used is the ordinal scale.
Ordinal data is a kind of categorical data with a set order or scale to it.
Comment
Answer:
bottom-up
Explanation:
According to my research on different financial strategies, I can say that based on the information provided within the question Acloe Inc. is most likely to adopt the bottom-up budgeting approach. This approach focuses on attempting to determine costs of each department in an organization and then total up all of the departments. Which is what is being done in this situation.
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Answer:
This policy will lead to increase in birthrate.
Explanation:
Taxes imposed on individuals with children will be helpful in reducing birthrate, thus, curbing population growth. This is because taxes reduce the disposable income of the individuals. So people will prefer not to have children to earn a higher income.
When this tax is reduced through some policy, the disposable income of the people would increase. So people now would be able to afford to have children. This will lead to an increase in birth rate and thus population growth.
If the steps are small, a step-variable cost may be approximated using a Variable cost function without significant loss in accuracy.
<h3>Variable cost function</h3>
- An expense for the company that varies according to how much is produced or sold is called a variable cost.
- Depending on a company's production or sales volume, variable costs grow or fall. They climb as production rises and reduce as production declines.
- It is a production cost whose level fluctuates in response to shifts in a business's manufacturing activities.
- For instance, the raw materials required to make a product's components are regarded as variable costs because they frequently change depending on the volume of units produced.
- The total variable cost curve depicts the relationship between total variable cost and the volume of output produced graphically.
To learn more about the Variable cost function refer to:
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The option that will be best in this scenario would be a <span>Parallel test.
In a parallel test, same input will be entered in two different version of simulation. By doing this, we could create multiple simulations to test several possibilities and reducing the total time needed at the same time. The downside is that this test exposes the tester to a high risk of making a mistake.</span>
