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2 years ago

What is an example of statistical reasoning?

Business

1 answer:

zubka84 [21]2 years ago

5 0

Answer/Explanation:

Statistics educators often talk about their desired learning goals for students, and invariably, refer to outcomes such as being statistically literate, thinking statistically, and using good statistical reasoning. Despite the frequent reference to these outcomes and terms, there have been no agreed upon definitions or distinctions. Therefore, the following definitions were proposed by Garfield (2005 and have been elaborated in Garfield and Ben-Zvi (2008).

Statistical literacy is regarded as a key ability expected of citizens in information-laden societies, and is often touted as an expected outcome of schooling and as a necessary component of adults’ numeracy and literacy. Statistical literacy involves understanding and using the basic language and tools of statistics: knowing what basic statistical terms mean, understanding the use of simple statistical symbols, and recognizing and being able to interpret different representations of data (Garfield 1999; Rumsey 2002; Snell 1999)

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Consider the game in extensive form above. In the backward induction solution to this game Player 1 plays strategy and Player 2

Brrunno [24]

Answer:

answer can be seen in the attached file

Explanation:

Consider the game in extensive form above. In the backward induction solution to this game Player 1 plays strategy and Player 2 plays strategy (Please, label Player 1's strategies by A, B, and C, and Player 2's strategies as df, dg, ef, and so forth)

What is Game Theory?

This is a mathematical modelling that deals with the analysis of strategies for dealing with competitive situations where the result of a participant's choice of action depends critically on the actions of other participants. Game theory has been applied to in war, business, and biology, sport.

In Game theory, outcome is dependent on the contributions of competing parties

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3 years ago

The following data is from the Ace Guitar Company for the A and B regions.

Marina CMI [18]

Answer:

Ace Guitar Company

The service departments' expenses proportional to the sales of each region are as follows:

A Region = $216,580

B Region = $116,620

Explanation:

a) Data and Calculations:

A Region B Region Total

Sales $773,500 $416,500 $1,190,000

Cost of goods sold 293,900 158,300 452,200

Selling expenses 185,600 100,000 285,600

Service department expenses

Purchasing $199,900

Payroll accounting 133,300

Total $333,200

A Region = $216,580 ($773,500 / $1,190,000 * $333,200)

B Region = $116,620 ($416,500 / $1,190,000 * $333,200)

8 0

3 years ago

Scoresby Co. uses 3 machine hours and 1 direct labor hour to produce Product X. It uses 4 machine hours and 8 direct labor hours

beks73 [17]

Answer:

Explanation:

The applied overhead will be calculate by the product of the cost diver and the overhead rate:

<u>Cost driver for each product:</u>

Product X 3MH and 1LH

Product Y 4MH and 8LH

<u />

<u>Overhead rate: </u>

240 per machine hour

and 160 per labor hour

Product X 3MH x $240 + 1LH x $160 = 880

Product Y 4MH x $240 + 8LH x $160 = 2,240

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2 years ago

Trent and kim divorced on september 1, 2017. as part of the divorce decree, beginning in september, trent was to make payments t

Ymorist [56]

What is an alimony? By the end of the the four months, in all, he owes $14,000 I am pretty sure

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3 years ago

The _____________ holds that a rise in price level will make domestic goods relatively more expensive, ____________ exports and

exis [7]

The interest holds that a rise in price level will make domestic goods relatively more expensive, rate exports and effect imports.

<h3>What are domestic goods?</h3>

domestic goods are goods that are being produced locally in a particular country which can as well be exported out.

In this case, The interest holds that a rise in price level will make domestic goods relatively more expensive, rate exports and effect imports.

Learn more about domestic goods on:

brainly.com/question/1383956

#SPJ1

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1 year ago