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8 months ago

The applications of analytics are not just limited to business but extend to a wide-array of human activity.

1 answer:

4 0

The applications of analytics are not just limited to business but extend to a wide-array of human activity. This is true.

<h3>How to illustrate the information?</h3>

Discovering, understanding, and communicating meaningful patterns in data is the process of analytics. Simply put, analytics enables us to recognize insights and valuable data that we might not otherwise notice.

Analytics combines data and arithmetic to make predictions about the future, identify relationships, and automate decision-making.

Therefore, based on the information, th

he applications of analytics are not just limited to business but extend to a wide-array of human activity. This is true.

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suppose the absolute values of the intercept and slope of the demand function are approximated to be 10 and 3 respectively. if t

egoroff_w [7]

The equilibrium price is $0.5 while the equilibrium quantity is 8.5

From the Demand data that we have in this question,

Slope = 3

Intercept = 10

The demand equation

D = -3p + 10

D = 10 - 3p

The supply data

Slope = 5

Intercept = 6

Supply equation

S = 6 + 5p

D = S

This is because at equilibrium, <u>supply = demand</u>

Therefore,

10-3P = 6+5P

collect like terms

10-6 = 3p+5p

4 = 8p

Divide through by 8

$p =\frac{4}{8} \\\\= \frac{1}{2}$

Equilibrium price = $0.5

The equilibrium quantity

D = 10 - 3*0.5

= 10-1.5

= 8.5

Therefore from the calculation, the equilibrium price is $0.5 and the equilibrium quantity is 8.5

3 0

2 years ago

Assume a $170,000 investment and the following cash flows for two products: Year Product X Product Y 1 $ 40,000 $ 60,000 2 60,00

Arturiano [62]

Answer:

a. Product X = 3.50 years

Product Y = 3.25 years

b. Product Y

Explanation:

The cash flows for the two products as well as the balance at the end of each year is given as follows:

$Initial\ balance = -170,000\\\\\begin{array}{ccccc}Year&Product\ X&Product\ Y& Balance\ X& Balance\ Y\\1&40,000&60,000&-130,000&-110,000\\2&60,000&70,000&-70,000&-40,000\\3&50,000&30,000&-20,000&-10,000\\4&40,000&40,000&20,000&20,000\end{array}$

For both products, the payback period is reached between the third and fourth year.

Product X:

$Payback = 3+\frac{20,000}{40,000} = 3.50\ years$

Product Y:

$Payback = 3+\frac{10,000}{40,000} = 3.25\ years$

Under the payback method, the alternative that presents the shortest payback period should be selected. Therefore, Product Y should be selected.

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2 years ago

I'm selling candy and need tips.

krok68 [10]

I would love to help you! I will talk to you in a PM. Talk to you then : )

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2 years ago

Billy accepted a job at a company that specializes in providing money for short-term retail lending. where did he go to work?

Harlamova29_29 [7]

A credit card company

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2 years ago

Why must the eliminating entries be entered in the consolidation worksheet each time consolidated statements are prepared?

DedPeter [7]

Answer:

The reason to prepare the consolidation worksheet is to maintain the record of what is finally entered in the books to record the transactions in between the holding and subsidiary.

This basically thus, requires the elimination of all the assets and liabilities of the subsidiary, and creation of such assets and liabilities into the balances of the holding(parent) company. In this manner the elimination is necessary to record.

So that there is no error in the form of multiple record of assets and liabilities, or in the form of no record of assets and liabilities of the subsidiary.

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3 years ago