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erik [133]
3 years ago
9

Suppose you are an operations manager for a plant that manufactures batteries. Give an example of how you could use descriptive

statistics to make better managerial decisions. Give an example of how you could use inferential statistics to make better managerial decisions.

Business
1 answer:
Tatiana [17]3 years ago
7 0

Please find full question attached

Answer:

Inferential statistics

Descriptive statistics

inferential statistics

descriptive statistics

Descriptive statistics

Inferential statistics

Explanation:

Descriptive statistics describes data and gives us a picture of what the data summary looks like using such things as mean and central tendency measures. Inferential statistics on the other hand aims to make predictions using the data based on data analysis such as collecting sample from population and constructing hypotheses to estimate outcomes for the general population. Example in the question, the first is inferential statistics as we make generalized predictions on batteries using data samples from the population of batteries of a particular type.

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On March 1, Job 10 had a beginning balance of $500. During March, direct materials of $800 and direct labor of $300 were added t
liubo4ka [24]

Answer:

Total Unit cost            430  $/Unit

Explanation:

ALCULATE UNIT COST :

AMOUNT

Beginning work in process  500

Direct material                  800

Direct labour                          300

Overhead (300*40%)          120

Total cost of job                  1720

Units                                   4

Unit cost                                  430

7 0
3 years ago
You work as a tutor for ECON 102. You sell your services at $20/hr., and you can only tutor one person at a time. Suppose you cu
zlopas [31]

Answer:

a. We need more information to answer

Explanation:

In order to correctly answer his question we need more information. Economy is all about the margin, i.e. marginal revenue versus marginal cost. We are given the marginal revenue ($20/hr of tutoring services) but we are not given the marginal costs of tutoring. We only know that the cost of tutoring the first hour is $14, but what about the rest of the hours. Since you have 5 clients, you must be tutoring more than 1 hour per day. It is always easier to determine the marginal revenue since we determine it, while we cannot determine which costs we would like to incur.

Profits should be maximized when marginal revenue = marginal cost, but unless we know the marginal cost of tutoring the rest of the students we simply cannot answer this question.

5 0
3 years ago
A company receives a 10%, 120-day note for $1, 500. The total interest due on the maturity date is:______.a) $50,00. b) $150,00.
Leto [7]

Answer:a) --A -$50.00

Explanation:

Using days of year = 360 days

Interest due = Principal  x rate  x period

           = $1500 x 10% x 120/360

   = $50

The total interest due on the maturity date is:__$50.00___

6 0
3 years ago
Question Content AreaTraditional manufacturing emphasizes all of the following except a.push manufacturing b.team oriented emplo
Naya [18.7K]

Traditional manufacturing emphasizes all of the following except push manufacturing

In traditional manufacturing, there are four basic subtractive manufacturing processes: CNC Machining, Injection Moulding, Plastic Forming, and Plastic Joining. In contrast, 3D printing is an additive manufacturing process that builds up material layer by layer until the desired thing is formed.

A push system in manufacturing describes a business's production of items in response to anticipated demand. Making products that have a minimal likelihood of unanticipated demand changes, such as food, pharmaceuticals, household chemicals, electronics, etc., using this method is also known as "make-to-stock production."

Learn more about traditional manufacturing here brainly.com/question/15171572

#SPJ4

6 0
2 years ago
A company's Cash account shows a balance of $3,490 at the end of the month. Comparing the company's Cash account with the monthl
Oksana_A [137]

Answer:

1. Debit Cash account $1,900

  Credit Accounts receivable $1,800

  Credit Interest Income $100

2. Debit Accounts receivable  $330

   Debit Bank charge $50

   Credit Cash account $380

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items. These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

Considering the transactions that are the reconciling items  in the question, the transactions that will;

Increase cash are a customer's note receivable collected by the bank $(1,800), and interest earned $(100)

Decrease cash balance are bank service fees ($50), and an NSF check from a customer ($330)

4 0
4 years ago
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