hotels use differential pricing by day of week and time of year a. in order to shift demand from peak periods to off-peak periods. b. in order to increase demand during off-peak periods. c. in order to shift revenue from peak periods to off-peak periods. d. in order to shift profit from peak periods to off-peak periods.

Answers

Answer 1

Hotels use differential pricing by day of week and time of year  in order to increase demand during off-peak periods.

How can pricing be used to increase supply chain profits?You can concentrate on the timing of your price, target certain consumer segments, or modify rates in accordance with the availability of goods or services. Each of these methods for managing pricing and revenue in a supply chain can boost profits dramatically.Pricing is a component that boosts supply chain profits by properly balancing supply and demand. The use of pricing to increase the profit generated from a finite quantity of supply chain assets is known as revenue management.A corporation should utilise price to balance supply and demand first, according to ideas from revenue management, and only after the balance has been achieved should it consider making more investments in or getting rid of assets.

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Related Questions

Which of these careers sound interesting to you? Check all that apply.

Farmworker
Veterinarian
Animal Trainer
Agricultural Inspector
Food Scientist
Farm Equipment Mechanic
Forester
Environmental Engineer

Answers

Answer:

this is a personal question, just pick what ever you're interested on.

hope it helps.

Farmworker, veterinarian, and animal trainer all sound like interesting occupations to me. Thus, the answers (A), (B), and (C) are accurate.

What do you know about Animal Trainer?

Animal training is the process of teaching animals precise reactions to particular circumstances or stimuli. Training may be done for friendship, detection, protection, or even enjoyment.

Depending on the training technique employed and the goal for which the animal is being trained, the sort of training an animal receives will differ. A seeing-eye dog, for instance, will be trained to accomplish a different aim than a wild animal in a circus.

There are organizations that certify animal trainers in some nations. They don't have any common objectives or specifications, and they don't stop anyone from using the title or working with animals. Similar to other countries, the United States does not demand any particular accreditation from those who train animals.

The natural actions of an animal should be taken into account by an animal trainer.

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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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A speculator purchased a call option on Swiss francs at a strike price of $0.70 and for a premium of $0.06 per unit. At the time the option was exercised if the Swiss franc spot rate was $.75,i. Calculate the net profit per unit to the speculator.ii. What is the net profit for 1 contract of 62500 units?iii. What should the spot price have to be if the option was exercised for the speculator to break even?iv. What was the net profit per unit to the seller of this option?

Answers

The net profit per unit to the speculator is -$0.01; the net profit for 1 contract of 62500 units is -$625; the spot price would have to be $0.76 for the speculator to break even; the net profit per unit to the seller of this option was $0.06.

Here are the yields of a speculator who purchased a call option on Swiss francs at a strike price of $0.70 and for a premium of $0.06 per unit.  


i. To calculate the net profit per unit to the speculator, we first need to find the difference between the spot rate and the strike price, and then subtract the premium paid:

Net profit per unit = (Spot rate - Strike price) - Premium
Net profit per unit = (0.75 - 0.70) - 0.06
Net profit per unit = 0.05 - 0.06
Net profit per unit = -$0.01

ii. To find the net profit for 1 contract of 62500 units, we simply multiply the net profit per unit by the number of units:

Net profit for 1 contract = Net profit per unit * Number of units
Net profit for 1 contract = -$0.01 * 62500
Net profit for 1 contract = -$625

iii. To find the spot price at which the speculator would break even, we need to find a spot price that results in a net profit per unit of zero:

0 = (Spot rate - Strike price) - Premium
0 = (Spot rate - 0.70) - 0.06
0.06 = Spot rate - 0.70
Spot rate = 0.76

The spot price would have to be $0.76 for the speculator to break even.

iv. The net profit per unit to the seller of this option is equal to the premium paid by the speculator since the seller receives the premium regardless of whether the option is exercised or not:

Net profit per unit to the seller = Premium
Net profit per unit to the seller = $0.06

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The prevailing budget philosophy prior to Keynes called for a balanced budget. Keynes argued that the government should not balance its budget but instead have budget DEFICITS during

Answers

The period which Keynes argued that the government should not balance its budget but instead have budget DEFICITS was during:

D. Economic recessions.

According to the given question, we are asked to show the period which Keynes argued that the government should not balance its budget but instead have budget DEFICITS.

As a result, we can see that Keynes, one of the fathers of economics stated that it was important for the government to have budget deficits so that they could adequately navigate through the economic recessions at that periiod.

Therefore, the correct answer is option D

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what does income summary mean when closing entries?

Answers

Answer: The income summary is a temporary account used to make closing entries. All temporary accounts must be reset to zero at the end of the accounting period. The income summary account then transfers the net balance of all the temporary accounts to retained earnings, which is a permanent account on the balance sheet.

The income summary is a temporary account used to make closing entries

What is the total monthly payment for this mortgage? Principal Per Month: $150 Interest Per Month: $820 Property Tax Per Year 0.5 percent of the value of the house ($140,000) Home Insurance Per Year $360 PMI Per Month $50 $58.33 $1,108.33 $970 $1,050

Answers

Answer:

its is 970

Explanation:

certificates of deposit and money market accounts are both examples of investments with __________ risk and __________ return.

Answers

Certificates of deposit and money market accounts are both examples of investments with high risk and low return.

What is the purpose of a certificate of deposit?

A certificate of deposit is a type of savings account in which the issuing bank holds a specific quantity of money for a specified period of time, such as six months, one year, or five years, in exchange for interest.

When one cash in or redeem your CD, they get the money they put in plus any interest earned.

Thus, high and low are correct.

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What kind of documents does Publisher handle best?
Term Paper
Newsletter
Customer List
Balance Sheet

Answers

Newsletter!

If correct mark please! Have a nice daub

What is the difference between a total and a subtotal?

Answers

Explanation:

SUB-TOTAL:

The total for a part of a list of numbers being summed.

TOTAL:

An amount obtained by addition of smaller amounts.

Answer:

subtotal is all the different parts being added together from different list.

total is the all items being added together plus tax.

Explanation:

Please help:) if possible:)

Please help:) if possible:)

Answers

Answer:

c

Explanation:

Being "501(c)(3)" means that a particular nonprofit organization has been approved by the Internal Revenue Service as a tax-exempt, charitable organization.

Terrance lives in an area that is expensive, but he does not want to move. When looking at a career, what should Terrance consider? He should choose a career cluster that will allow him to support himself. He should pick a career that speaks to his heart and worry about the finances later. He should ask his family to help support him. He should not worry because he can dictate how much money he will earn.

Answers

Answer:

He should choose a career cluster that will allow him to support himself.

Explanation:

What do you think were the main concerns with the Olympus two-door sports coupe? Is there a market for a two-seat, $32,000 sports car when the RX-8 sells for significantly less? Evaluate the role of the marketing mix in the Olympus introduction. What are some of the marketing strategies auto manufacturers use to stimulate sales of certain makes of automobiles?

Answers

The main concerns of the sports coupe is that

They did not carry out good research of the marketThey also did not research the people that would buy the product.

There is no market for the two seat car given that it would be better if it was a market that people knew with  a cheaper price.

2. What is the role of the marketing mix?

The role of the marketing mix has to do with the combination of price and the product. These two did not match properly in order to be able to take care of the need of customers and expectations.

3. Some of the strategies would be the use of social media and search engines. This would help to create the awareness for their products and create traffic.

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Which is a good rule to follow when sending business emails? (1 point)

Answers

Answer:

Avoid forwarding spam and unnecessary messages such as chain letters.

Explanation: did the test

The good rule that must follow at the time of sending business emails is to avoid forwarding spam and unwanted texts like chain letters.

What is email?

An email, is also called as the electronic mail. It is one of the most extensively employed features of the Internet, that is mostly used in the formal business organizations.

It allows a person to transport and acquire messages from nay person in the globe that has an email account. Within the TCP/IP suite, email uses a variety of protocols.

When sending business emails, a good tip to follow is to avoid forwarding spam and undesirable texts like chain letters.

Therefore, the use of formal languages and proper formats made the emails more accurate.

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can someone help me i have no how to do this is tyyyy!!

can someone help me i have no how to do this is tyyyy!!

Answers

Answer:

im bad at math sry

Explanation:

i have an f in math lolll

the molotov plant of kaboom industries has two categories of overhead: maintenance and inspection. costs expected for these categories for the coming year are as follows:

Answers

The Molotov plant of Kaboom Industries has two categories of overhead: maintenance and inspection. The costs expected for these categories for the coming year are as follows:

Maintenance costs: This category includes expenses related to the regular upkeep and repair of equipment, machinery, and facilities in the plant. These costs ensure that everything is in working order and minimize the risk of breakdowns or accidents. Examples of maintenance costs may include the purchase of spare parts, routine servicing, and repairs. Inspection costs: This category encompasses expenses associated with inspecting and monitoring the plant's operations and compliance with safety regulations. Inspections help identify any potential issues or hazards that may arise and ensure that the plant operates in a safe and efficient manner. Examples of inspection costs may include hiring external inspectors, equipment for testing and measuring, and training personnel for inspection duties.

In summary, the overhead costs at the Molotov plant of Kaboom Industries are divided into maintenance and inspection categories. Maintenance costs cover regular upkeep and repairs, while inspection costs involve monitoring and compliance with safety regulations.

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i am so coufued "what i am going to in future, i am very good in art and math and cooking and pe?

Answers

Answer:

you can be a artist or chef

Answer:

You can start up an art themed restaurant.

Explanation:

You are very talented, you could even enter cooking shows to practice and improve on ur cooking skills.

Very many people have are paintings in their homes, selling your art could earn you plenty of income.

PLEASE MARK BRAINLIEST :))

i have a few questions about finance. PLease answer correctly and completely! thx

Which product is an example of perfect competition?
A.
food grains where products are homogeneous
B.
computers, where there are many competitors with slightly differentiated products
C.
aerated cold drinks, where there are two competitors
D.
bicycles, where buyers and sellers have some control over the price
E.
gold where there is only one seller

The database of Aster Corp. was hacke.d and confidential data was leaked to its competitors. This resulted in a huge financial loss and a loss of goodwill for the company. What is this business risk known as?
A.
operational risk
B.
exchange risk
C.
political risk
D.
expansion risk
E.
survival risk

i have a few questions about finance. PLease answer correctly and completely! thxWhich product is an
i have a few questions about finance. PLease answer correctly and completely! thxWhich product is an
i have a few questions about finance. PLease answer correctly and completely! thxWhich product is an
i have a few questions about finance. PLease answer correctly and completely! thxWhich product is an
i have a few questions about finance. PLease answer correctly and completely! thxWhich product is an

Answers

Answer 1:

B is the answer.

Computers where there are many competitors with slightly differentiated products.

Explanation:

A market is characterized as a Perfect Competition where there are many buyers, many sellers and the products are either homogenous or slightly differentiated. There is also perfect knowledge about all the products and the nonexistence of monopoly. That is, no player in the market has leverage over which they can manipulate prices in their favor.

Answer 2:

A is the correct answer.

Operational Risk.

Explanation:

When there is the possibility for a loss arising from a dysfunctional internal process(es), inefficient employee(s), or even from external events, with a link to the internal dynamics of a company, the business is said to be exposed to Operational Risks.

Answer 3:

When there is an increase in interest rate, the following takes place:

Businesses shy way from borrowing from the bank(due to the loss of leverage or increased cost of borrowing when they do) Production Cost increasesWhen production costs increase prices of finished goods increasesthe above leads to a decrease in demand for finished goodsand ultimately Consumer spending goes down

Cheers

8. Which of the following taxes are regressive? a. sales tax b. personal income tax c. Both of the above d. Neither of the above 9. Which of the following statements are correct? Lower income households consume a higher percentage of their incomes a. b. c. Any tax that increases the prices on non-luxury goods will be regressive Both of the above d. Neither of the above 10. The federal personal income tax: a. Is a progressive tax b. is a regressive tax c. benefits productivity d. is a flat tax Chapter 14 11. Nations strive for economic growth because economic growth. a. b. will allow a nation to solve the problem of scarcity will help a nation to produce as much consumer satisfaction as possible wit limited resources available c. Both of the above d. Neither of the above 12. An increase in Real GDP: a. is absolute economic growth b. always results in a higher standard of living c. Neither of the above d. Both a. and b. 13. An increase in per capita Real GDP: a. is per capita economic growth b. always results in a higher standard of living c. Neither of the above d. Both a. and b.

Answers

Answer:

8c. Both of the above (sales tax and personal income tax) are regressive taxes.

9.d. Neither of the above statements are correct. Lower income households typically spend a higher percentage of their incomes, but this does not necessarily make a tax regressive. Additionally, not all taxes that increase prices on non-luxury goods are regressive.

10. a. The federal personal income tax is a progressive tax.

11. c. Both of the above statements are correct. Nations strive for economic growth because it allows them to solve the problem of scarcity and produce as much consumer satisfaction as possible with limited resources available.

12. c. Neither of the above statements are correct. An increase in Real GDP is not always absolute economic growth, and it does not always result in a higher standard of living.

133. d. Both a. and b. statements are correct. An increase in per capita Real GDP is considered per capita economic growth, and it often results in a higher standard of living.

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8. Example of a regressive tax is a. sales tax.

9. Both statements are correct regarding the lower income households.

10. The federal personal income tax is a. progressive tax.

11. Nations strive for economic growth because it allows a nation to produce as much consumer satisfaction as possible with limited resources available.

12. An increase in Real GDP is absolute economic growth.

13. An increase in per capita Real GDP is per capita economic growth.

8. A regressive tax is one that hits lower-income people harder, while a progressive tax is one that hits higher-income people harder. It's a regressive tax since it hits low-income people harder than high-income people.

9. Both statements are correct. Lower income households have less disposable income, so they must spend a greater portion of their income on necessities like food and housing. Any tax that increases the prices on non-luxury goods, such as a sales tax, will hit low-income people harder than high-income people. Thus, it will be regressive.

10. The progressive tax system is applied to federal personal income tax. The federal personal income tax is the most important progressive tax in the United States. This means that higher-income taxpayers pay a greater proportion of their income in taxes than lower-income taxpayers.

11. Nations strive for economic growth because it allows a nation to produce as much consumer satisfaction as possible with limited resources available. Economic growth enables nations to raise their living standards by increasing their real output.

12. An increase in Real GDP is absolute economic growth. An increase in Real GDP does not always result in a higher standard of living since it doesn't take into account population growth.

13. An increase in per capita Real GDP is per capita economic growth. Since it is measured per person, per capita economic growth takes into account population growth and, as a result, gives a more accurate picture of changes in a nation's standard of living.

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Which of the following is an example of a worker who has work/life balance
conflicts?
O A. A woman refuses to answer emails from the office when she is
not working
B. A man has missed all his daughter's ball games because he works
too much.
C. A woman has her office emails forwarded to a coworker while on
vacation.
D. A man receives notifications when he gets a new email at the
office,

Answers

Answer:

A man has missed all his daughter's ball games because he works

too much.

Explanation:

seems like it

Answer:

A man has missed all his daughter’s ball games because he works too much

Explanation:

A p e x

Suppose that a college studnet receives an offer for a summer internship with a stock brokeage firm. Unfortuatnely fo rthe stuedent, the itnernship is unpaid. Is it ever economically beneficial to accept an unpaid job?

Answers

It is possible that an unpaid internship may be economically beneficial for a college student, even though it is not guaranteed.

An unpaid internship may provide valuable experience and networking opportunities for the student, which can help them secure a higher-paying job in the future. Additionally, the student may be able to earn college credit for the internship, which can reduce the overall cost of their education.

In some cases, accepting an unpaid job may also be necessary in order to gain entrance into a highly competitive field. For example, in the finance industry, many internships are unpaid, so accepting one may be necessary to gain experience and make connections. Overall, the decision to accept an unpaid job should be carefully considered, weighing the potential benefits against the opportunity cost of taking the job instead of a paying job or using that time for other endeavors.

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a recent research signified the large health benefits of eating cooked tomatoes. holding other things constant, this will cause a. the demand curve for tomatoes to shift to the right b. the demand curve for tomatoes to shift to the left c. the supply curve for tomatoes to shift to the right d. the supply curve for tomatoes to shift to the left

Answers

The recent research highlighting the health benefits of eating cooked tomatoes would likely cause the demand curve for tomatoes to shift to the right. Option a is correct.

This is because the increased awareness of the health benefits would lead to a higher demand for tomatoes, as more people would be inclined to consume them. However, it would not affect the supply curve for tomatoes, as the supply is determined by factors such as production and availability, which are not directly influenced by health benefits.

Therefore, the correct answer would be option A, the demand curve for tomatoes would shift to the right.

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Drag the tiles to the correct boxes to complete the pairs. Match the different types of communications with their descriptions. Tiles business letter business report note memorandum Pairs a formal way to communicate with people outside your organization arrowBoth an informal handwritten message arrowBoth a formal way to communicate with people inside your office arrowBoth a way to communicate financial information arrowBoth

Answers

Answer:

Matching the different types of communications with their descriptions:

Types of Communication  Descriptions

business letter                 : a formal way to communicate with people        

                                           outside your organization

business report               : a way to communicate financial information

note                                  : an informal handwritten message

memorandum                  : a formal way to communicate with people

                                           inside your office

Explanation:

a) Data:

Types of Communication:

business letter

business report

note

memorandum

Pairs

a formal way to communicate with people outside your organization

an informal handwritten message

a formal way to communicate with people inside your office

a way to communicate financial information

b) In Business, choosing the means of clear communication is very essential.  The format used to communicate internally is not the same format for communicating externally.  Even, within an organization, there are still different communication formats.  A handwritten note can be used instead of memorandum for some communications depending on the formality required.  Presenting a business report is more formalized than a handwritten note, for instance.

Answer:

Business Letter: a formal way to communicate with people outside your organization

Note: an informal handwritten message

Memorandum: an informal way to communicate with people outside your office

Business report: a way to communicate financial information

If you observe a co-worker, customer, or stranger in your workplace exhibiting any of the warning signs of workplace violence, who should you talk to?.

Answers

If you observe a co-worker, customer, or stranger in your workplace exhibiting any of the warning signs of workplace violence you should first report your concern to your supervisor, or human resources department.

What is workplace violence?

Workplace violence is any act of, or threat of, physical violence, harassment, intimidation, or other threatening disruptive behavior that takes place at the workplace. Threats, slander, and physical and verbal abuse are all included, as well as murder. Customers, clients, visitors, and staff all may be impacted. The third-leading cause of fatal workplace injuries in the United States is now acts of violence and other injuries. In 2019, there were 5,333 fatal workplace injuries in the United States, and 761 of those injuries were caused intentionally by another person, according to the Bureau of Labor Statistics Census of Fatal Occupational Injuries (CFOI). Employers and employees across the country are very concerned about workplace violence, regardless of how it presents.

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Answer: Your co-worker is late to work one or two days each week.

Explanation:  

To eliminate the need to continually monitor currency exchange rates, 16 of the countries in the European Union (EU) have adopted a common currency, which is called the

Answers

The currency that the European Union introduced to monitor currency exchange rate was the Euro.

What is the Euro?

The Euro is a currency that is used by almost all members of the European Union.

The purpose for it being introduced was to facilitate trade and to have a common monetary policy. It also allowed for the easier controlling, and monitoring of, exchange rates.

In conclusion, this is the Euro.

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Am I beautiful please give a honest reply.​

Answers

Answer:

ive never met you but your always pretty on th einside :3

Explanation:

yes you are queen dwell on the beauty of life. Watch the stars, and see yourself running with them.

a buyer's motivation to make a purchase begins when he/she:

Answers

The buyer's motivation to make a purchase begins when he or she acknowledges a need for a particular item or service that satisfies a need. This motivation can be influenced by the buyer's previous experience with similar products or services.

Explanation: A buyer's motivation to make a purchase begins when he or she identifies a need for a specific product or service that can satisfy a need. An individual might require a new car to get to and from work, or they might need a new suit for an upcoming job interview.

The desire for that product or service grows stronger when the buyer understands the benefits that come with owning or using it. Consumers' buying behavior is influenced by their requirements, which are divided into primary and secondary categories.  To satisfy their primary requirements, consumers buy products and services such as food, clothing, and shelter. Furthermore, consumers seek secondary benefits, such as prestige, a sense of security, and social acceptance.

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Click this link to view o*net’s work styles section for executive administrative assistants. note that common work styles are listed toward the top and less common work styles are listed toward the bottom. according to o*net, what are common work styles needed by executive administrative assistants? check all that apply.

attention to detail
integrity
foreign language aptitude
biology background
dependability
cooperation

Answers

The common work styles needed by executive administrative assistants are attention to detail, integrity, dependability and cooperation.

An employee that offers high level administrative support to executives at work, including answering phones, setting up meetings, handling executive requests, and other office tasks, is known as an executive administrative assistant. They could also manage administrative tasks and direct less senior administrative staff. These workers can also be referred to as executive secretary or executive assistant in certain work environments.

This position requires a person with strong time management skills, solid judgment, and great verbal communication skills in order to meet deadlines. Today, executive administrative assistants work in almost every industry. Most people who work in offices do so full-time. Some people could work as virtual assistants from home.

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Airline companies recognize that empty seats represent lost revenues that can never be recovered. To avoid losing revenues, the companies often book more passengers than there are available seats. Then, when a flight experiences fewer no-shows than expected, some passengers are 'bumped' from their flights (are denied boarding). Incentives are provided to encourage passengers to give up their reserved seat voluntarily, but occasionally some passengers are involuntarily bumped from the flight. Obviously, these incidents can reflect poorly on customer satisfaction. Suppose Southwest Airlines would like to estimate the true proportion of involuntarily bumped passengers across all domestic flights in the industry. In a pilot sample of 587 domestic passengers, 322 were involuntarily bumped. What is the estimate of the population proportion and what is the standard error of this estimate?

Question 3 options:

1) Estimate of proportion: 0.549, Standard error: 0.0205.
2) Estimate of proportion: 0.451, Standard error: 0.0008.
3) Estimate of proportion: 0.451, Standard error: 0.0205.
4) Estimate of proportion: 0.549, Standard error: 0.0008.
5) The true population proportion is needed to calculate this.
Question 4 (1 point)

Suppose 43.76% of small businesses experience cash flow problems in their first 5 years. A consultant takes a random sample of 624 businesses that have been opened for 5 years or less. What is the probability that greater than 42.02% of the businesses have experienced cash flow problems?

Question 4 options:

1) 0.5000
2) 0.8095
3) 0.1905
4) >0.999
5) -12.6851

Answers

Main Answer:

The estimate of the population proportion of involuntarily bumped passengers across all domestic flights in the industry is 0.549, and the standard error of this estimate is 0.0205.

Explanation:

To estimate the population proportion of involuntarily bumped passengers, we can use the sample proportion as an estimate. In the pilot sample of 587 domestic passengers, 322 were involuntarily bumped. To calculate the estimate, we divide the number of involuntarily bumped passengers by the total sample size:

Estimate of proportion = Number of involuntarily bumped passengers / Total sample size

= 322 / 587

≈ 0.549

The estimate of the population proportion is approximately 0.549.

To calculate the standard error of this estimate, we can use the formula:

Standard error = √[ (estimate of proportion) * (1 - estimate of proportion) / sample size ]

Plugging in the values:

Standard error =\(√[ (0.549) * (1 - 0.549) / 587 ]\)

≈ 0.0205

Therefore, the standard error of the estimate is approximately 0.0205.

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There are two basic areas of science:
and applied science.
A.mental
B.information
C.pure

Answers

Answer:

Basic science, such as understanding how cells work, is research aimed at understanding fundamental problems.

Applied science, such as the medical field, is the application of basic scientific knowledge to solve practical problems.

Applied science uses and applies information obtained through basic science.

Explanation:

So, option B is the correct

Information ℹ️

Answer: I think it is B.

total cost (TC). Please provide answers to the next five questions. Q P TC TR MR MC Profit 0 $8 1 $10 2 $12 3 $15 $19 $24 $30 $45 $6 $6 $6 $6 $6 $6 $6 7 $6 Question 1 1 pts Given the data provided in the table, you are given quantity (Q). price (P), and total cost (TC). Please provide answers to the next five questions. What is the firm's profit at Q-3 4 5 6

Answers

the firm's profit at Q-3 4 5 6 are $27, $52, $90, and $144, respectively.

The given data for price (P), quantity (Q), total cost (TC), total revenue (TR), marginal revenue (MR), marginal cost (MC), and profit are as follows:

Q P TC TR MR MC Profit 0 $8 - - - - - 1 $10 6 10 10 6 4 2 2 $12 12 24 14 6 6 12 3 $15 18 45 21 6 9 27 4 $19 24 76 31 6 11 52 5 $24 30 120 44 6 14 76 6 $30 36 180 60 6 18 84 7 $45 - - - - -

To find the firm's profit at Q-3 4 5 6, we have to calculate the total revenue and total cost at each quantity (Q).Let's see the calculations for the given problem:

Total revenue (TR) = price (P) × quantity (Q)Total cost (TC) = fixed cost (FC) + variable cost (VC)Profit

= total revenue (TR) - total cost (TC)

For Q=3, TR = $15 × 3 = $45

For Q=3, TC = $18

Profit at Q=3 = TR - TC = $45 - $18 = $27

For Q=4, TR = $19 × 4 = $76

For Q=4, TC = $24

Profit at Q=4 = TR - TC = $76 - $24 = $52

For Q=5, TR = $24 × 5 = $120

For Q=5, TC = $30

Profit at Q=5 = TR - TC = $120 - $30 = $90

For Q=6, TR = $30 × 6 = $180

For Q=6, TC = $36

Profit at Q=6 = TR - TC = $180 - $36 = $144

Therefore, the firm's profit at Q-3 4 5 6 are $27, $52, $90, and $144, respectively.

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