Answer / Explanation:
If given a couple of data and asked to analyse it, there is bound to be some level of variation. Irrespective of how much e try to avoid it, we will find it difficult to achieve identical results for two different scenarios.
Variation can therefore be defined as the quantitative or numerical approach used to indicate how widely individuals in a group vary.
Factors that contributes to common cause variation includes:
First, we need to understand that Common Cause Variation are caused by unknown factors that result in a steady but random distribution of output around the average of the data. We need to understand that Common cause variation is the remaining variation after removing the special causes (non-normal causes) due to one or more of the 5Ms and an “E” causes (Manpower, Material, Method, Measurement, Machine, and Environment), also known as 6Ms (Manpower, Mother nature, Materials, Method, Measurements or Machine).
And some special cause of variation in this instance includes:
Phenomena that are active within the system
Variation within a historical experience base which is not regular
Lack of significance in individual high and low values
Human error
Answer:
markup 200% over cost
selling price 75 dollars
Explanation:
investment 500,000
return on investment : 10%
500,000 x 10% = 50,000
units producted: 1,000
markup per unit: 50,000 / 1,000 = 50 dollar
the markup will be: 25 * X = 50
X = 2 = 200%
selling price: 25 + 50 = 75
75
Answer:
voluntary exchange that makes both the consumer and producer better off.
Explanation:
The consumer will purchase at a price lower or equal to he is willing to pay for the good (we assume a rational person will not urchase above their willingless to do so) Thus, either has a surplus or the price is fair
The producer as well, only trades for a price above their expect to sale or that amount. Therefore it has a surplus or received what it expect.
We have determinated there is no winner or losser in trade as both parites agree voluntary without coercion.
Answer: "cost-push" .
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It's Sao Paolo Brazil hope this helps