If demand is high and supply is low, the merchant should wait until more of the item is available. If you have any questions please ask!
Answer:
<em>We are 95 percent sure that between 34.9 percent and 49.5 percent of cars are made in Japan in the United States.</em>
Explanation:
Using the survey statistics, the confidence intervals are used to approximate the distribution to the population parameter.
It still does not offer the parameter's accurate figure, however the interval in which that parameter may lie with a certain fixed trust or probability level.
<em>Hence: Interpretation of the specified interval can be: We are 95 percent sure that between 34.9 percent and 49.5 percent of cars are made in Japan in the United States.</em>
The given statement exists true. That the basic form of cost-volume-profit analysis is often called break-even analysis.
<h3>
What is break-even analysis?</h3>
- By comparing the costs of a new business, service, or product to the unit sell price, a break-even analysis calculates the point at which you will become profitable.
- Break-even analysis focuses on determining what number of sales will prevent losses given the fixed and variable expenses.
- In other words, it indicates the point at which you will have sold enough units to pay for all of your costs.
Fixed Costs / Contribution Margin = Break-even point
- Cost-Volume-Profit Analysis (CVP analysis), also commonly referred to as Break-Even Analysis.
To learn more about break- even analysis, refer to:
brainly.com/question/21137380
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