Answer:
16 guests
Explanation:
If each guest is getting 1/8 of a pie, it means one pie is being divided into eight parts. One part is 1/8. One pie will be served to eight guests.
Two pies will be sufficient for 2x 8 = 16 guests.
Answer: Affinity pattern
Explanation:
Data mining is when patterns are being discovered in large data. From the question, we are informed that Chenrezic Music Stores, a chain of stores selling musical instruments, is trying to improve its customer service.
We are further told that while examining its checkout data, it learned that people who buy guitar covers also buy guitar straps and vice versa. In this
This shows that data mining has helped to find better ways to improve customer service has also led to the discovery of affinity pattern.
Answer:
The size of the futures position should be 64.2% of the size of the company’s exposure in a three-month hedge.
Explanation:
As given,
The standard deviation of quarterly changes in the prices of a commodity = $0.65
The standard deviation of quarterly changes in a futures price on the commodity = $0.81
The coefficient of correlation between the two changes = 0.8
Now,
Optimal hedge ratio = 0.8×
= 0.8×0.80 = 0.6419
⇒Optimal hedge = 0.6419 ≈ 0.642 = 64.2 %
⇒The size of the futures position should be 64.2% of the size of the company’s exposure in a three-month hedge.
Answer:
Demand is inelastic
Explanation:
Demand is inelastic, means that the demand of the buyer does not change as the price varies or changes.
For example, the price rises by 15% and the demand falls by 1%, which is said to be that the demand is inelastic.
So, in this case, the boutique hotel, tries to increase the revenue through decreasing the rates through 20%, but the revenues decreases. Therefore, this situation is that the demand of the boutique hotel is inelastic.
Answer:
B) Relationship Behavior
Explanation:
Relationship Behavior is a part of customer relationship management (CRM) which guides behavior of people towards it's customers in a way so that the relationship can flourish.
<em>In this case,</em> what store owner did was a gesture of goodwill, trying to build a strong and healthy relationship with it's supplier. That will help the store itself in future.
