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Alik [6]
2 years ago
14

Which probability distribution is commonly used to model the inherent variability of activity time estimates in project manageme

nt
Business
1 answer:
Ksivusya [100]2 years ago
5 0

Answer:

Beta distribution

Explanation:

Beta distribution In probability theory

is regarded as a part of continuous probability distributions with a defined interval which could be 0 and 1, and it is characterized with two positive parameters (α and β) which is seen as

as exponents of the random variable .

It should be noted that Beta distribution probability is commonly used to model the inherent variability of activity time estimates in project management

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Suppose the price of gasoline decreases from $4.20 to $2.00, and in response quantity demanded increases from 10600 to 11200. Us
Tems11 [23]

Answer:

0.079

Explanation:

Price elasticity of demand using midpoint formula can be calculated as follows

Formula

Elasticity of demand = (change in quantity/average quantity)/(change in price/average price)

Calculation

Elasticity of demand = (600/10,900)/(-2.1/3.05)

Elasticity of demand =-0.055 / -0.688

Elasticity of demand =-0.079

working

Change in price (2-4.1) = -2.1  

Average price (2+4.1)/2=3.05

Change in quantity (11,200-10600) = 600

average quantity (11,200+10,600)/2 = 10,900

 

The elasticity of demand is inelastic as the elasticity is below 1.

4 0
3 years ago
Which of the following is not one of the four types of analyses outlined in the text as a method for analyzing sales organizatio
Readme [11.4K]

Answer:

e. market-share analysis.

Explanation:

e. market-share analysis because it is not only dependent on sales. Other factors are other industries markets total sales . It is not directly associated with analyzing sales organization effectiveness. Sales organization is responsible for selling and obtaining maximum profits. Optimum profits through least investments is their primary objective. Market share analysis is dependent on a particular period and the sales  during that period ,target company's sales and total market sales.

8 0
3 years ago
Donovan and Keith both work as line employees at the Widget Corporation plant. They are both big fans of the San Francisco Forty
Bezzdna [24]

Answer:

Social companionship

Explanation:

Social companionship is a type of friendship or relationship between individuals who share similar likes and benefit from each other as they feel a sense of closeness doing things they like together. Donovan and Keith, who share some similarities and likes between each other, provide social companionship to each other as they hang out together as fans of a club.

6 0
3 years ago
You are responding to an RFP from a medium-sized company in another state. The RFP explains that the company wants to begin manu
lara [203]

<u>Answer:</u>

<u>Overview </u>

According to the RFP received, it is comprehended that the client wants to establish a business of manufacturing wooden toys for children. The key differentiator or unique selling point (USP) of the toys would be strong branding and marketing of the product. This will create a three value axis of Trust, Safety, and Identity.

The client is searching for strategic partner to establish the business to deliver and implement the strategic vision for the next five years. The following are the basic five essentials associated with strategic business plan:

• Mission statement

• Vision

• Strategic critical factors

• Objectives and strategic goals to be achieved.

• Implementation strategies

<u>Approach: </u>

Today, the toy market is overcrowded with many types of toys, each having a unique value proposition and targeting specific age brackets in children. Marketers treat children as a separate demographic segment. Hence, conduct detailed research on this segment to identify classifying the patterns buying behavior.

The especially planned framework would create our business plans for hyper competitive marketplaces. The approach to create the plan is shown below:

• Defining the scope of the product: It includes target marketing, selling channels and targeting demographics of children.

• Understand the market: the main 5 elements in this stage are competition in the market, existing suppliers, and purchasing power of buyers, substitute products, and entrance barrier.

• Positioning of brand: It includes segmentation, identification of potential market, targeting, positioning, communicating, and positioning.

• Manufacturing and distribution of products: it includes the acquisition of raw material, machinery, developing distribution channel, and supply chain management.

• Finance calculation and Human Resource: it includes calculation of revenue, profits, Return on investment, taxation, and other various measures.

<u>Timeline: </u>

According to RFP details, it is estimated time duration to create a business strategy is 8 months. The timeline is shown below:

• Defining the scope – 1 month

• Understand the market – 3 months

• Positioning of brand – 2 months

• Manufacturing and distribution of products – 1 month

• Finance calculation and Human Resource – 1 month

<u>Introduction of business: </u>

Our agency has been serving companies to succeed over years. We have functioned with multiple companies having wide range of experience in this sector. We have functioned with extensive clients and helped them to achieve a reliable growth rate. We are fully engaged with the client and facilitate them to develop designing of the business plan.

The experience and promise towards the success of our partners helped us grow. We have positioned as a medium-size business counseling firms. We help our clients to have clear goals. We help to grow the understandings and approach towards the business.

4 0
3 years ago
Which of the following statements is correct?A. Wide variations in capital structures exist both between industries and among in
erik [133]

Answer: Wide variations in capital structures exist between industries and also between individual firms within industries and are influenced by unique firm factors including managerial attitudes.

Explanation:

Out of the options that are given in the question, the correct option is that wide variations in capital structures exist between industries and also between individual firms within industries and are influenced by unique firm factors including managerial attitudes.

All the other options are false. Debt-to-total-assets ratios varies much among different industries.

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3 years ago
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