1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
1. Write down D & S equations for wireless phones; include
N76 [4]

The D - equations for wireless phones: P = D (P,eA,eB)

  • The S-  equation for wireless phones: Q = S (P,eA,eB)
  • The Exogenous variable A =  Price
  • The Exogenous variable B =  Population growth rate

<h3>What is the equation about?</h3>

The demand and supply relationship is one that differs in a lot of ways and often shown using a graph.  Note that the upward slope of the curve on a graph shows the law of demand and the demand for wireless phones is one that can be affected by the amount of new mobile phone subscribers, the average cost of buying the wireless phone, and others.

Hence, The D - equations for wireless phones: P = D (P,eA,eB)

  • The S-  equation for wireless phones: Q = S (P,eA,eB)
  • The Exogenous variable A =  Price
  • The Exogenous variable B =  Population growth rate

Learn more about Demand from

brainly.com/question/1245771

#SPJ1

4 0
2 years ago
Which of the following statements is TRUE? Group of answer choices Dependent demand is directly related to the demand of other s
liubo4ka [24]

Answer:

A). Dependent demand is directly related to the demand of other stock-keeping units (SKUs) and can be calculated without needing to be forecasted.

Explanation:

The first statement asserts a true claim as it correctly states that 'dependent demand is promptly associated to the demand of further SKUs and therefore, it can be measured without requiring any prediction.' Dependent demand is characterized as a demand that is reliant on the other products' demand. This is why such demands are directly influenced by a rise or fall in the other products' demand and <u>this is the reason due to which dependent demand can be calculated easily without any prediction because it will observe a similar impact as its associated product would face</u>. Thus, <u>option A</u> is the correct answer.

6 0
2 years ago
Write the following In Words 689·104​
loris [4]
Six hundred eighty nine (689)

One hundred four (104)
5 0
2 years ago
Assume that you are the manager of a firm. You are concerned about a potential increase in interestrates because it would reduce
stepan [7]

(A) Concern about rising interest rates makes perfect sense, as the economy described is in a situation of overheating: high inflation, low unemployment and high economic growth. Rising inflation is a risk that requires the Fed to act to cool economic activity. This should be done through restrictive monetary policy instruments: raising interest rates and decreasing the monetary base, through the sale of government bonds and / or by increasing the banks' compulsory deposit with the Fed.

(B) This affects the credibility of the Fed, which is very bad. Economic agents base their expectations on Fed signals. If the money supply is higher than expected, real inflation will be higher than projected inflation. So expectations anchored in Fed forecasts will be dashed. This makes economic agents distrust future Fed projections.

6 0
2 years ago
Who profits incentives
valentina_108 [34]

Answer:

An incentive is a reason or reward for doing a particular task and is central to understanding economics. If there is not a good reason to make a product or provide a service, then no one will make that product or provide that service. One major incentive in any action is the opportunity for a reward.

5 0
3 years ago
Other questions:
  • Which feature enables you to view only the data you need
    14·1 answer
  • The Sherman Antitrust Act A. was concerned with self-interest dominated Nash equilibriums in prisoners' dilemma games. B. restri
    11·2 answers
  • Marsha’s Pet Store employs six employees. Their duties are to sell pets, replenish the stock, keep the pets’ cages clean, feed t
    5·1 answer
  • Customers paying with credit consider the purchase a kind of
    9·1 answer
  • 1. 9.4. For process scheduling, does a low-priority value represent a low priority or a high priority?
    7·2 answers
  • Tools used in a particular career depend on the _____.
    14·2 answers
  • Staples promises an excellent online shopping experience, free delivery for purchases over $49.97, buy-online-collect in store,
    14·1 answer
  • A stock has an HPR of 9%. The expected dividend yield is 3%.
    12·1 answer
  • Your best friend Sue has always wanted to be an FBI agent for the U.S. government. However, because of the recent restructured c
    13·1 answer
  • The primary focus of financial statement audits is the discovery of fraud. group startstrue or false
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!