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3 years ago

What is the difference between statistics and business statistics?

Business

2 answers:

Alik [6]3 years ago

8 0

Answer:

Statistics is extended part of mathematics were you deal about only formulas numbers and business statistics deals about your knowledge about financial business marketing.

Mamont248 [21]3 years ago

8 0

Statistics is extended part of mathematics were u deal about only formulas numbers and business statistics deals about knowledge about financial business marketing reasearch you should more knowledge about current affairs of business such as financially.

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The board of directors for tundrapro, inc., is searching for a new ceo. the firm is in need of new direction after suffering sev

larisa86 [58]

The board needs employees who have transformational qualities as well.

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4 years ago

Harley-Davidson employs a method of inventory control demanding that suppliers deliver parts and raw materials to Harley's produ

anzhelika [568]

Answer:

Just-in-time inventory management

Explanation:

Just-in-time or JIT is an inventory management approach that encourages the purchase of materials only when they are needed in the production process. The JIT approach eliminates the need for storing large quantities of material for future productions. The acquisition of materials is aligned with the production process.

By adopting JIT, a business saves on inventory costs as materials are not purchased in bulk. Wastage that results from the storage of material is also eliminated. The success of JIT depends on management ability to forecast sales accurately and working with reliable suppliers.

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3 years ago

You deposit $5,000 per year at the end of each of the next 25 years into an account that pays 8% compounded annually. How much

Volgvan

Answer:

The correct answer is A. $18,276

Explanation:

First you have to calculate how much you'd end up having at the end of the 25 years period in your savings account.

You calculate the total amount saved for each year, using the formula:

$S_{n} = S_{n-1} *(1+r)+D$

Where

$S_{n}$ is the total amount in the savings account for this period.

$S_{n-1}$ is the total amount in the savings account from the previous period.

$r$ is the interest rate.

$D$ are the annual deposits being made into the savings account.

Therefore for the first year you'd do:

$S_{1} = S_{0} *(1+r)+D$

$S_{1} = 0*(1+0.08)+5000=5000$

For the second year:

$S_{2} = S_{1} *(1+r)+D$

$S_{2} = 5000*(1+0.08)+5000=10400$

And so on. You can help yourself calculate the value of this series using programs like Excel.

I have attached an Excel file that has a table with the savings values for each of the 25 years.

So, the 25th year you’ll have $365,529.70 in your savings account. Now you simply divide this number by 20 (that will be the number of years you’ll be withdrawing the same dollar amount from your savings account):

$Withdrawals = 365,529.70/20=18,276.485$

In conclusion, you’d be able to withdraw $18,276.485 each year for the following 20 years after the 25th deposit, if all withdrawals are the same dollar amount.

Download xlsx

3 0

3 years ago

A 22-year-old college graduate just got a job in Nashville. She is considering buying a house with a $200,000 mortgage. The APR

Sloan [31]

Answer:

$16,394.26

Explanation:

using a loan calculator we can determine the amount of interest paid in both loans:

n = 30 years n = 30 years

principal = $200,000 principal = $200,000

APR = 4% APR = 3.6%