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Evgen [1.6K]
3 years ago
11

J.D. Power and Associates surveys new automobile owners to learn about the quality of recently purchased vehicles. The following

questions were asked in the J.D. Power Initial Quality Survey, May 2012?
a. Did you purchase or lease the vehicle?
b. What price did you pay?
c. What is the overall attractiveness of your vehicle's exterior? (Unacceptable, Average,
Outstanding, or Truly Exceptional)
d. What is your average miles-per-gallon?
e. What is your overall rating of your new vehicle? (l- to 10-point scale with 1 Unacceptable and 10 Truly Exceptional)
Comment on whether each question provides categorical or quantitative data.
Business
1 answer:
lorasvet [3.4K]3 years ago
5 0

Answer:

a. Did you purchase or lease the vehicle?  CATEGORICAL DATA

b. What price did you pay?  QUANTITATIVE DATA

c. What is the overall attractiveness of your vehicle's exterior? (Unacceptable, Average,  Outstanding, or Truly Exceptional)  CATEGORICAL DATA

d. What is your average miles-per-gallon?  QUANTITATIVE DATA

e. What is your overall rating of your new vehicle? (l- to 10-point scale with 1 Unacceptable and 10 Truly Exceptional) QUANTITATIVE DATA

Explanation:

Quantitative data can be measured in numbers, e.g. 20 miles per gallon. While categorical data refers to non-numerical responses, e.g. higher quality, better looks, and is generally obtained by choosing one response from a group of available answers.

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Shannon Hill needed to buy an airline ticket to visit her parents. She went to several websites to compare rates and chose a fli
qaws [65]

Answer:

d. Shopping

Explanation:

Based on the scenario being described within the question it can be said that this flight is an example of a shopping product. This term refers to a product that consumers purchase very rarely, and because of this choose to compare prices between all the available options in the market because they do not know what a regular price range actually is for that product.

3 0
3 years ago
The Salt and Pepper Partnership was formed in January of the current year when Salt and Pepper each contributed $10,000 cash and
Novay_Z [31]

Answer:

Salt's basis = -$3900 from a 50% sharing basis

Explanation:

profit sharing ratio as per contributions is 50%:50%

ordinary loss                  - $5000

tax exempt income       -$2000                  

Charitable contribution -$800

Taxable loss                 =$7800

profit(loss) share

Salt                         = -3900

Pepper                   =-3900

3 0
3 years ago
For his statistics class, Casey is statistically pooling the results of several studies into a single analysis. Clearly, Casey h
Murrr4er [49]

Answer:

The correct option is B

Explanation:

Meta- analysis is the tool for the analysis of statistical which combine or merge the consequences of the multiple scientific studies. This analysis is  conducted when there are multiple scientific studies, with each and every individual study that reports, the evaluations which are expected to have the  degree of the error.

Therefore, Casey who is pooling the results statistically of the several studies into a single analysis. So, Casey assigned to conduct or perform a meta - analysis.

5 0
3 years ago
A company had the following purchases and sales during its first year of operations: Purchases Sales January: 23 units at $205 1
hodyreva [135]

Answer:

$6,755

Explanation:

The computation of the cost of the ending inventory using the perpetual LIFO method is as follows:

For January:

Total value = Units remaining in inventory × cost per unit

= (23 - 17) × $205

= $1,230

For February:

Total value = Units remaining in inventory × cost per unit

= (33 - 17) × $210

= $3,360

For May:

Total value = Units remaining in inventory × cost per unit

= (28 - $21) × $215

= $1,505

For September:

Total value = Units remaining in inventory × cost per unit

= (25 - 20) × $220

= $1,100

For November:

Total value = Units remaining in inventory × cost per unit

= (25 - 23) × $220

= $660

Cost of the ending inventory:

= $1,230 + $3,360 + $1,505 + $660

= $6,755

6 0
3 years ago
Safety stock can be computed when using the fixed-order quantity inventory model by multiplying a "z" value representing the num
4vir4ik [10]

Answer:

TRUE

Explanation:

The Z value determinates the level of service at a normalize distribution of (0;1) We then convert this value to the deviation of our distribution by multiplying each other.

The Z value represent the the value at which a 99% or 95% or whatever percent of change of safety is achieve. We convert by our deviation to adapt the normalize distribution of (1;0) to our values.

There is always a chance for stock-out as we work with probabilities and at more higher safety level we require more units to make up for the change of a single customer from nowhere purchase an unexpected amount. As this person can appear anytime and purchase any amount there is always a level of uncertain (5% or  1% or less)

4 0
3 years ago
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