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2 years ago

The differences between small data and big data for companies

1 answer:

8 0

Answer:

Small data is data in a volume and format that makes it accessible, informative and actionable. ... Big data is often said to be characterized by 3Vs: the volume of data, the variety of types of data and the velocity at which it is processed, all of which combine to make big data very difficult to manage.

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The demand curve facing a monopolistic competitive firm will be __________ than the demand curve facing a perfectly competitive

Bad White [126]

Answer:

Downward sloping; more elastic

Explanation:

Demand curve is a curve that shows the relationship between price and quantity demanded.

The demand curve of a monopolistic competitor is DOWNWARD-SLOPING.

A monopolistic competitive firm can either raise price and lose few customers or reduce price and gain some more customers.

A monopolistic competitive firm

has a more ELASTIC demand.

Elasticity of demand is the degree of responsiveness of demand to a change in price, income and price of other commodities.

Perfectly Competitive market have the following characteristics;

1) Prices are determined by the forces of demand and supply.

2) They are price takers because a single firm can't control the market.

3) Easy entry and exit.

4) Many buyers and many sellers.

5) Identical product are sold

Monopolistic Competitive market have the following characteristics;

1) There are many buyers and many sellers.

2) Firms have market control.

3) Free entry.

4) Close substitute goods are sold.

4 0

3 years ago

Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.5 cus

Phantasy [73]

Answer:

A) Single-server single-phase model (M/M/1).

$\lambda=2.5 \,customers/hour\\\\\mu=6\,customers/hour$

B) The goal is not met, as the average time waiting for service is 5.56 minutes.

C) The new mean service rate is 7.5 customers/hour.

In this case, the average time waiting for service is 4 minutes, so the goal is met.

Explanation:

A) This situation can be modeled as a single-server single-phase model (M/M/1).

The mean arrival rate is 2.5 customers per hour.

$\lambda=2.5 \,customer/h$

The mean service rate is 6 customers per hour, calculated as:

$\mu=\frac{60\, min/h}{10 \,min/customer}=6\, customer/h$

B) The average waiting time for a customer can be expressed as:

$W_q=\frac{\lambda}{\mu}\frac{1}{\mu-\lambda} =\frac{2.5}{6}\frac{1}{6-2.5} =0.417*0.222=0.093\,hours\\\\W_q=0.093\,hours*(60min/h)=5.56 \,min$

The average waiting time is 5.56 minutes, so it is more than the goal of 5 minutes.

C) If the average time spent per customer to 8 minutes, the mean service rate becomes

$\mu=\frac{60\, min/h}{8 \,min/customer}=7.5\, customer/h$

An the average waiting time for the service now becomes:

$W_q=\frac{\lambda}{\mu}\frac{1}{\mu-\lambda} =\frac{2.5}{7.5}\frac{1}{7.5-2.5} =0.333*0.2=0.067\,hours\\\\W_q=0.067\,hours*(60min/h)=4 \,min$

The average time is now 4 minutes, so the goal is achieved.

6 0

3 years ago

A business function, like accounting and human resources, which moves information about people, products, and processes across t

Whitepunk [10]

Answer:

The correct answer is "management information systems"

Explanation:

The management information system (MIS) is a system of financial information, such as accounting and human resources, that provides valuable information in order to take business decisions and solve the problems of the company. The management information system generates normal reports on operations for every level of management.

8 0

3 years ago

On October 31, the stockholders’ equity section of Sunland Company’s balance sheet consists of common stock $696,000 and retaine

nika2105 [10]

Answer: Please find answers in the explanation column

Explanation:

Summary of the effects of the alternative actions on the company’s stockholders’ equity and outstanding shares.

Before action After stock dividend After stock split

Stockholder's equity

Paid in capital $696000 696000+ $65,250 $696,000

=$761,250

Retained earnings $397000 397000-($65,250) $397,000

=$331,750

Total Stockholder's

equity $1,093,000 $1,093,000 $1,093,000

Outstanding shares $87,000 87000 + 4,350 87000 x 2 =

=$91, 350 $174,000

Calculations:

stock dividend = Number of outstanding shares x percentage of dividend

= 87,000 x 5% =4,350

Amount to purchase 4,350 shares= number of shares x market value per share = 4,350 x 15= n$65,250

Number of shares after stock split of 2-for -1 = 87,000 x 2 = 174,000

7 0

3 years ago

A firm'sprofit margin when ignoring the effects of financing is 20% with an EBIT of $1.5 million and sales of $5 million. How mu

nordsb [41]

Answer:

The firm paid taxes of $0.5 million

Explanation:

Profit margin is the percentage of net income to its sales. It is calculated as follow:

Profit Margin = ( Net profit / Sales ) x 100

20% = (Net profit / 5 million) x 100

(20/100) x 5 million = Net profit

Net profit = 1 million

EBIT is the earning before the payment of interest expense and tax. It is the net of Gross profit and operating expenses.

net income is calculates from EBIT as follow

Net Income = EBIT - Interest expense - Tax

1 = 1.5 - $0 - Tax (ignoring the effect of financing)

Tax = $1.5 - $1

Tax = $0.5 million

5 0

3 years ago