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Oduvanchick [21]
3 years ago
11

Two stages of statistical investigation​​​​​​

Business
1 answer:
Marizza181 [45]3 years ago
5 0

Statistical investigation​​​​​​ is the scientific method of gathering information, investigating and drawing conclusion on a problem in order answer some interesting questions.

A statistical investigation involves 5 stages:

  1. Problem stage is about deciding a statistical question and what, where, why to collect the data.
  2. Plan stage is when decision are made on how the data will be gathered.
  3. Data stage is when the collected data is managed and well-organised.
  4. Analysis stage is when the organized data is been analyzed using a choice of analytical tools.
  5. Conclusion stage is when the analyzed data are used to answer question in the problem drawn stage as well as drawing conclusion

Learn more about Statistical investigation​​​​​​ here

<em>brainly.com/question/908858</em>

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What are reasons for looting?<br>​
Alika [10]

Answer:

Looting after disasters.

In armed conflict.

Archaeological removals.

Looting of industry.

Wealth redistribution

Explanation:

https://en.wikipedia.org/wiki/Looting

8 0
3 years ago
Absolute Company has a manufacturing facility in Brooklyn that manufactures robotic equipment for the auto industry. For Year​ 1
madam [21]

Answer:

Direct material price variance= $400 favorable

Explanation:

Giving the following information:

Actual quantity purchased 200 units

Actual price paid $8 per unit

Standard price $10 per unit

<u>To calculate the direct material price variance, we need to use the following formula:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (10 - 8)*200

Direct material price variance= $400 favorable

7 0
4 years ago
Ingraham Inc. currently has $820,000 in accounts receivable, and its days sales outstanding (DSO) is 54 days. It wants to reduce
Oksanka [162]

Answer: 451759.29

Explanation:

To solve the question, we need to calculate the current sales. This will be calculated by using the formula:

DSO = (Account receivable × 365) / Sales

54 = 820000 × 365 / Sales

Sales = 820000 × 365 / 54

Sales = 5542593

After the new policy, the expected sales will be:

= 5542593 × (1 - 15%)

= 5542593 × (1 - 0.15)

= 5542593 × 0.85

= 4711204.5

The level of accounts receivable following the change will be:

DSO = (Account receivable × 365) / Sales

35 = Account receivable × 365 / 4711204.5

Account receivable = 35 × 4711204.5 / 365

Account receivable = 451759.29

8 0
3 years ago
Why is the study of finance important?​
Nastasia [14]

Answer:

Studying finance can prepare you not only for careers in the financial services sector, but also for tasks in your everyday life. ... And because finance revolves around planning and analysis, studying finance and becoming more financially literate enables people to make better personal financial decisions.

7 0
3 years ago
Select the correct answers. At which stage of the product life cycle does a product reach its peak in terms of sales and profits
Ostrovityanka [42]

Answer:

D. maturity

Explanation:

A product life cycle is divided into four, namely, introduction,  growth, maturity, and decline. The concept of the product life's cycle is used as a decision-making tool to help management know when to expand to new markets, increase advertising, adjust prices, or redesign a product.

The maturity cycle is the third stage of a product life cycle. At this stage, sales revenues and sale volume reach the peak. The market get saturated with very few new customers. The product growth becomes stagnant. Profits may begin to decline at this stage.

3 0
3 years ago
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