Blake's income elasticity of demand for generic potato chips will be E = 1.09
The degree of demand's elasticity to changes in income is measured.
Elasticity of Income's formula is as follows:
Thus, we now have:
D_0 = 2
D_1 = 1
I_0 = 8
I_1 = 15
Elasticity (E) is now:
E = [(1-2)/(1+2)]/[(15-8)/(15+8)]
E = [1/3]/[7/23]
E = 1.09
The definition of income elasticity of demand states that it is the elasticity of demand brought on by changes in the consumers' income. The ratio of the percent change in the quantity demanded to the percent change in income is used to express it. It is described mathematically by the income elasticity of the demand formula.
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real measurements are expressed in current dollars. expressed in current dollars. expressed in percentages. expressed in percentages. expressed using today’s currency. expressed using today’s currency. expressed in constant dollars.
The answer is expressed in constant dollars.
Real measurements are represented in constant dollars. For example, nominal GDP is the market worth of all products and services produced in a country at current prices. Real GDP is the market worth of all goods and services produced in a country at a constant price.Furthermore, real measurements are adjusted for inflation, which is why real measurements are measured at constant prices.The same number is referred to as the real value once it has been adjusted for inflation. We will describe how this is done in more detail later, but for now, just know that real values are calculated using prices from a particular year, say 2015. In other words, real GDP in 2016 is calculated by multiplying the quantity of each final good and service produced in 2016 by the price in 2015. As a result, real data is frequently referred to as "constant dollars" or "2015 dollars." As a result, whenever you see a table or graph of economic statistics with the title "billions of 2015 dollars," you know you're looking at actual data.Thus this is the meaning of real measurements.
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what elements of the national business environment might influence your decision on where to move production?
The elements of a nation's national business environment that influences the decision on where to move production include:
Taxation policies Profit repatriation policies Foreign ownership restrictions What should affect the decision to move production to another country?One should look at the taxation policies in the nation to see how much taxes would need to be paid and if this is conducive.
Profit repatriation policies should also be looked at to ensure that a company can easily take out profits from the nation. Another important element are any foreign ownership restrictions on certain businesses to ensure that you are allowed to do business in that sector.
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when an estimator is precise, it is guaranteed that it will produced estimates that are centered on the true population parameter. true false
A reliable estimator will undoubtedly produce estimates that are centered on the genuine population parameter. The claim made is True.
A statistic used to estimate an unknown parameter is called an estimator. A function of the data in a sample is an estimator. The sample mean and sample variance are common estimators that are used to calculate the unknown population mean and variance. Point and interval estimators are the two different categories of estimators. When compared to an interval estimator, a point estimator produces a single value. A confidence interval and a maximum probability estimate are two terms that are frequently used in A/B testing.
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a(n) is an outsourcing fee model that charges a variable fee based on the volume of transactions or operations performed by the application.
A Transaction model is an outsourcing fee model that charges a variable fee based on the volume of transactions or operations performed by the application.
What is a Transaction model?A transaction model of subscriptions is set up such that a variable fee will be charged to the client based on the volume of operations they perform.
Essentially, the frequency of the usage of the application by the user will determine the fee paid. This is preferred by a lot of people because it means that they will only pay for what they use.
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several years ago, the wall street journal reported that the winner of the massachusetts state lottery prize had the misfortune of being both bankrupt and in prison for fraud. the balance of the prize was $9,420,713, to be paid in 19 equal annual installments (there were 20 installments, but the winner had already received the first payment). the bankruptcy court judge ruled that the prize should be sold off to the highest bidder and the proceeds were to be paid to the creditors
The price to be paid for this prize is $4, 761,723.78.
The total amount to be distributed is $9,420,713 in 19 equal annual installments.
The equal annual installment will be $495,827 ($9, 420, 713 / 19).
Calculate the PV of this annuity as follows:
PV = Annual payment x 1-(1 +interest rate / interest rate)[tex]^{-n}[/tex]
= $495, 827 x (1-(1+8%) -19 / 8%)
= $4, 761, 723.78
Therefore, the price to be paid for this prize is $4, 761,723.78.
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The real-life events depicted in the documentary catfish exemplify the problem of ________ online.
The real-life events depicted in the documentary catfish exemplify the problem of deception online.
A documentary or documentary film is a non-fiction film whose purpose is to "record reality, primarily for the purposes of education, education, or historical record-keeping."[1] Bill Nichols defines a documentary film as a "film." The practice of production, the tradition of cinema, and the way it accommodates its audience [which] continues to be a practice without clear boundaries.
Early documentaries, originally called "newsreels," were less than a minute long. Over time, documentaries became longer and covered more categories. Some examples are educational, observational, and documentary fiction. Documentaries are very informative and are often used in schools as a tool to teach different principles. Documentary filmmakers have a responsibility to stay true to their worldview without deliberately distorting the subject matter.
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.
consider the maximum amount of a product that sellers are willing and able to provide for sale over a relevant range of prices, holding all other factors constant. economists call this sales volume. maximal output. supply. profit maximization. when the market price of a good increases, the amount that sellers are willing to offer for sale increases. economists call this the maximal quantity curve. the law of supply. the price-quantity principle.
The maximum amount of a product that sellers are willing and able to provide for sale over a relevant range of prices, holding all other factors constant is called supply.
The quantity supplied is the quantity of a great or provider this is made available for sale at a given rate factor. In an unfastened market, better charges generally tend to result in a higher amount furnished and vice versa. the quantity furnished differs from the whole delivery and is normally touchy to a fee.
Quantity supplied is the quantity of a commodity that manufacturers are inclined to sell at a specific rate at a particular factor of time. The regulation of demand states that different factors regular price and quantity call for of any precise and provider are inversely associated with each other. whilst the fee of a product increases, the call for the identical product will fall.
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1. Becky is feeling extremely overwhelmed and stressed with her current workload.
One way that Becky can resolve the conflict of feeling overwhelmed and stressed with her current workload is to manage her time better and schedule activities at conducive times.
What should be done when overwhelmed with work?When a person is overwhelmed with work and with the current workload they are subjected to, it most likely means that they are doing too many tasks at the same time.
In order to reduce this stress therefore, there is a need to manage one's time better. Becky should consider rescheduling her activities such that she can have time to get them done without much stress. She should start with the priority workload and then move onto the ones of less importance or with a further deadline.
Question is:
Come up with skills to resolve the conflict described.
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If you place a market buy order for 100 shares, at what price will it be filled?
The 100 share market buy order will be filled at the lowest offer price: 50.25. "Marketers must be able to convert and incorporate sales targets into market share because this will show if forecasts will be met by growing with the market or by grabbing market share from competitive.
The latter is usually always more difficult to attain. Market share is continuously monitored for changes in the competitive landscape and is usually used to the motivate strategic or tactical action." Furthermore, market share is an important indicator for assessing performance in relation to market growth because the internal sales growth.
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What is planning? Choose the answer.
O illustrating the hierarchy and work teams within a company
ability to make short- and long-term company direction and goals
allows management to set standards, control costs, and manage change
guiding employees towards achieving company goals
Answer:
Ability to make short- and long-term company direction and goals
Explanation:
planning involves setting goals and how to achieve them in the best way possible.
A+product+has+demand+during+lead+time+of+100+units,+with+a+standard+deviation+of+25+units.+what+safety+stock+provides+(approximately)+a+95%+service+level?
If service level is 95%, then it is 0.95.
Z value can be found using MS Excel's NORMSINV function.
NORMSINV = Z (Service level)
NORMSINV = Z (0.95)
Z = 1.64
A safety stock is an extra quantity of a product kept in the inventory to lower the possibility that it will run out. It serves as a buffer stock in the event that sales are higher than anticipated or the supplier is unable to supply the extra units on time.In order to calculate safety stock,
Safety stock = Z x Standard deviation.
Safety stock = 1.64 x 25.
Safety stock = 41.
Complete Question: A specific product has demand during lead time of 100 units, with a standard deviation of 25 units. What safety stock (approximately) provides a 95% service level? A) 41 B) 55 C) 133 D) 140 E) 165
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Paolo can walk three dogs or mow two lawns in two hours. ashanti can walk six dogs or mow three lawns in two hours. ashanti's opportunity cost for each additional dog walked is?
Paolo can walk three dogs or mow two lawns in two hours. ashanti can walk six dogs or mow three lawns in two hours. ashanti's opportunity cost for each additional dog walked is 0.5
Opportunity costs are the potential capital gains that a person, investor, or company forgoes by selecting one option over another. Opportunity costs are by nature capital invisible, thus it is simple to overlook them. Better choices can be made when a firm or individual is aware of the opportunities that might be lost by selecting one capital investment over another. To make up for the investment risk, a company must incur costs when issuing debt and equity capital, but each has an opportunity cost as well. opportunity cost is the actual difference between the expected capital returns of each option.
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Frederick w. taylor made his greatest contribution to the new industrial system as ______.
The Contributions by Frederick Taylor Were fundamental to the development of the industry in the early twentieth century. For this reason, this American engineer is considered as the father of the Scientific Administration and the first Industrial Engineer in history.
Frederick W. Taylor, in full Frederick Winslow Taylor, (born March 20, 1856, Philadelphia, Pennsylvania, U.S.—died March 21, 1915, Philadelphia), American inventor and engineer who is known as the father of scientific management. His system of industrial management, known as Taylorism, greatly influenced the development of industrial engineering and production management throughout the world.
Frederick W. Taylor was an attorney's son. In 1872, he enrolled in New Hampshire's Phillips Exeter Academy, where he excelled academically and led his class. He was compelled to give up his ambitions for matriculation because his eyesight had gotten worse from studying at night after clearing the entrance exam for Harvard University. In 1875, after regaining his sight, he was apprenticed to a patternmaker and a machinist at the Philadelphia-based Enterprise Hydraulic Works.
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What is the order amount? 10 what is the state? wi the subtotal is $10.00. the tax is $0.55. the total is $10.55.
What is the order amount? 10 what is the state? wi the subtotal is $10.00. the tax is $0.55. the total is $10.55.
The total is $10.00.
Whether municipal, regional, or federal, taxes are mandated payments made by individuals or businesses to the government. Government programmes like Social Security and Medicare as well as public infrastructure and services like roads and schools are funded by tax income. Taxes are borne by whoever bears the cost of the tax, whether this is the entity being taxed, such as a business, or the final users of the items produced by the firm. Taxes of all kinds, including payroll taxes, federal and state income taxes, and sales taxes, need to be taken into account from an accounting standpoint. Tax payers can manage their finances to lessen the impact of taxes by being aware of the factors that lead to a tax situation.
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Among the many ways that the railroads contributed to economic development, the most important for the rise of big business was the ______.
Among the many ways that the railroads contributed to economic development, the most important for the rise of big business was the: creation of new management methods that were adopted by other industries.
What is economic development?Economic development can be defined as the what led to growth of the economy of a country or a nation.
Construction of railroads has contributed massively to the economic development based on the fact it led to creation of new management methods that were adopted by other industries.
Therefore Among the many ways that the railroads contributed to economic development, the most important for the rise of big business was the: creation of new management methods that were adopted by other industries.
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The ________ is a budget based on multiple levels of projected sales or production.
a. static budget
b. standard budget
c. fixed budget
d. flexible budget
A flexible budget is a budget based on multiple levels of projected sales or production.
Production is the process of combining various material inputs and immaterial inputs in order to make something for consumption. It is the act of creating output, a good or service that has value and contributes to the utility of individuals. Production is the process of producing goods and services to satisfy human wants. The product is the result of the process. The four factors of production are land, capital, labor, and organization.
Production is the process of making, harvesting, or creating something or the amount of something that was made or harvested. An example of production is the creation of furniture. An example of production is harvesting corn to eat. An example of production is the amount of corn produced. Production is one of the most important processes within manufacturing and is a core part of what it means to be a manufacturer.
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Revenue is recorded when services are performed, whereas deferred revenue is recorded when cash is received from customers in advance before services are performed. True or false
Revenue is recorded when services are performed, whereas deferred revenue is recorded when cash is received from customers in advance before services are performed.
The answer is True.
Like deferred revenues, deferred costs aren't pronounced on the income declaration. As a substitute, they're recorded as an asset at the balance sheet until the expenses are incurred. as the expenses are incurred the asset is decreased and the cost is recorded on the profits statement.
You could nonetheless record deferred sales as a liability on the balance sheet even if you have not yet received the cash. However, this does impact the cash waft announcement because there's no cash influx to report.
Deferred revenue may be recorded at the cash waft declaration, mentioned as deferred revenue. Even when you have no longer earned it yet, it is nevertheless cash that can be spent.
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The crucial role small business plays in the u.s. economy is demonstrated by the fact that small business is responsible for half of the gross domestic product (gdp) and roughly half of?
The crucial role small business plays in the u.s. economy is demonstrated by the fact that small business is responsible for half of the gross domestic product (gdp) and roughly half of all U.S. employees in the workforce .
What is gross domestic product ?The gross domestic product (GDP) is the sum of the market values of all completed products and services produced within a nation's boundaries during a specific time period. Because it encompasses the whole domestic production, it acts as a comprehensive scorecard of a nation's economic health.
Although it may also be computed on a quarterly basis, GDP estimates are often made on a yearly basis. For instance, the government of the United States releases estimates of annualized GDP for each fiscal quarter as well as the whole year.
The data in this report has been adjusted for price changes and is thus net of inflation since it is reported in actual terms.
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If the market price of the item rises to $7 per unit, what is the daily mrp of the fourth (4) worker?
If the market price rises to $7, the fourth worker's marginal revenue product (MRP) will be equal to 80 units multiplied by $7 a day, which comes to $140.
Therefore, the fourth employee will have a marginal revenue product (MRP) of 140 per day.
What is MRP?
The maximum retail price (MRP), which is determined by the manufacturer, is the most that can be charged for a good sold in Bangladesh and India.Retailers may, however, decide to mark down their items' prices below the MRP. MRP varies from systems that employ a suggested retail price because in those systems, the manufacturer's price is merely a guideline and not an enforceable legal requirement.In India, the MRP must be displayed on every retail item. Customers cannot be charged more than the MRP by stores. To get more customers into their businesses, certain stores may price a little less than MRP. Consumers are frequently charged unlawfully above the MRP in some remote places, tourist hotspots, and in circumstances where a product is challenging to procure.To learn more about MRP visit:https://brainly.com/question/28346825
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Words that frequently accompany arguments and signal that a premise or conclusion is present are known as?
Words that frequently accompany arguments and signal that a premise or conclusion is present are known as indicator words.
Indicator words are used to indicate the beginning or end of a premise or conclusion. Learn the definition and examples of indicator terms, such as premise indicators and conclusion indicators, and how to employ them in sentences.Conclusion and premise indicators are words used in arguments to indicate which statements are premises and which are conclusions.Indicators are words or phrases that perform the function for which they are named. They foreshadow the arrival of something. Because there are two essential components to an argument, there are also two basic types of indicators: premise and conclusion.The premise indicators, are often known as 'reason indicators'. Conclusion indications inform the audience that the conclusion is approaching and that this is the focus of your argument.Thus, the word is known indicator word.
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a management system that focuses on maintaining lean inventories while producing products as needed by the customer.
ERP software has become a crucial requirement for enterprises implementing or aiming for TQM.
Enterprise resource planning (ERP) Total quality management (TQM)
ERP, or enterprise resource planning, and TQM, or total quality management, both aim to improve productivity, boost competitiveness, reduce waste, eliminate effort duplication, and other related objectives. When utilized alongside TQM, ERP systems will aid in reaching these objectives.
Here, ERP serves as a facilitator for the TQM beliefs and principles. TQM deployment also has benefits for ERP. ERP systems perform better when TQM is applied effectively. TQM offers opportunity for ongoing development and problem-solving for all ERP systems. Utilizing TQM effectively enables businesses to get the most out of their pricey assets.
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Attending an impromptu sales meeting at the office is an example of a _____. a. two minute action task b. time sensitive task c. locationally sensitive task d. multi-task job please select the best answer from the choices provided a b c d
Attending an impromptu sales meeting at the office is an example of a locationally sensitive task. Thus, option c is the answer.
In an office, various kinds of work are carried on, and each work is given a name and designation of its own.
A two-minute action refers to those actions which are done with the motive of doing away with procrastination. It involves the aim to achieve the target goal and small tasks as soon as possible. This punctuality can help in returning long-term benefits in an office.
Time-sensitive task refers to those tasks which have a strict deadline and needs to be completed within the stipulated time specified by the client. It involves work that is only available for a short period of time.
Multitasking jobs refer to those jobs which require an easy to and fro movement between different tasks. This requires people who can do numerous works at a single time.
Locationally sensitive task refers to those tasks which take place in a particular location or room within or outside the office.
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The recent recessions in the us have been referred to as jobless recoveries. what factors allow for, or contribute to, a jobless recovery?
jobless is due to many reasons attributed to both the demand side of the company and the supply side of employees. The call for Facet discounts may be due to rising hobby prices, the global recession, or the financial crisis. On the supply side, frictional unemployment and structural employment play a major role.
jobless people may be lost at any given time of the year. It happens when productivity is low and too many employees occupy too few positions. It can talk to any segment of the population that isn't fully committed.
Individuals who are jobless , actively looking for work, and are able to accept the above jobs. A country's official unemployment rate is the ratio of unemployed to the workforce (employed plus unemployed).
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Bond+has+a+coupon+rate+of+8%,+a+maturity+of+10+years,+a+face+value+of+$1,000,+and+makes+semiannual+payments.+if+the+price+is+$934.96,+what+is+the+annual+nominal+yield+to+maturity+on+the+bond?
We can use the following formula to compute the price of a bond with face value F, periodic coupon C, number of coupon payments T, and periodic discount rate y:
C (1− (1+y) −T) /y + F / (1+y)T
The yield to maturity is the discount rate that equates the present value of the bond to its current price. In this question, the par value is 1000, semiannual coupon payment = 1000 * 8% / 2 = 40. The bond matures in 10 years, and thus has 20 coupon payments left. Applying the formula, the yield to maturity is the solution to the following equation:
40(1− (1+y/2) −20) /y/2 +1000 / (1+y/2)20 = 934.96
which yields: y = 9%
That is, the yield to maturity is 9%.
What Are Bonds?
Bonds are funding securities in which an investor lends cash to a corporation or a government for a fixed time frame, in change for ordinary hobby bills. As soon as the bond reaches maturity, the bond company returns the investor's money.
How Do Bonds paintings?
Bonds are a type of security offered via governments and companies, as a way of elevating cash from traders. From the vendor's perspective, promoting bonds is consequently a manner of borrowing money. From the client's angle, buying bonds is a form of investment as it entitles the purchaser to guaranteed repayment of major as well as a circulation of interest payments. A few varieties of bonds also provide other benefits, including the ability to transform the bond into shares in the issuing company's stock.
The bond market tends to move inversely with interest charges due to the fact bonds will trade at a reduction while interest quotes are rising and at a top class while interest quotes are falling.
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megan needs to make some house repairs in three years that will cost $9,000. she has some money in an account earning 9% annual interest. how much money needs to be in the account today so she will have enough to pay for the repairs? $5,978 $6,351 $6,950 $6,417 $6,376 unfortunately, megan doesn't have enough money in her account right now. she needs to make additional contributions at the end of each of the next three years to be able to pay for the repairs. her account currently has $5,000, which, along with her additional contributions, is expected to continue earning 9% annual interest. if she makes equal contributions each year, how large must each contribution be for megan to have $9,000 after three years? $1,203
Megan will have $1203 in his bank account. Because her money which was in her bank account was earning a interest of 9 % per annum .
How do interest rates work?An interest rate is the sum that a lender charges a borrower for any type of debt that is granted, and it is typically stated as a percentage of the principal. The borrowed asset may be cash, a sizable item like a car or a house, or simply consumer products. The interest rate is frequently referred to as the "lease rate" when applied to larger assets.
The interest rate that is applied throughout a year is referred to as the annual interest rate. Interest rates may be imposed monthly, quarterly, or biannually, among other time frames. However, interest rates are typically annualised.
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_____ give team members of a project an opportunity to share information, discuss common problems, and explain new techniques.
Project team members can exchange information, talk about common problems, and teach new techniques during status meetings.
One of a project team manager's primary duties is to always be aware of the status of the project.
Project status meetings so become an essential tool throughout the course of the project. Project status meetings must be planned on a regular basis because they are crucial for the project manager. A project status meeting is held to get an update on how things are doing, identify any issues, and other things. In order to be ready to respond to some important issues, it is crucial that team members prepare themselves ahead of time and gather specific facts before the meeting.
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which of the following is not typically a way in which businesses address ethical issues? a credo regulations a professional code of ethics corporate culture
The option that isn't a way in which businesses address ethical issues is D. corporate culture
What is corporate culture?Corporate culture is a grouping of values, assumptions, moral principles, and attitudes that define an organization and direct its operations. An organization's mission statement or vision statement can, to some extent, describe its culture.
An organization with a strong culture promotes a harmonious fusion of work, personal, and overall goals. It enables you to perceive a person as a complete and assist them in moving forward in the path they desire. Since people are an organization's greatest asset, it is crucial to invest time and effort in helping them advance.
It should be noted that ethical issues can be addressed through credo, regulations, and a professional code of ethics.
It should be noted that the corporate culture isn't used in addressing such issues.
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You sold a futures contract on corn at a futures price of 331, and at the time of expiration, the price was 343. what was your profit or loss?
If we sold a futures contract on corn at a futures price of 331, and at the time of expiration, the price was 343. The loss incurred will be -$600
What is a contract?In essence, an agreement with legal enforceability is said to be a contract. The term "contract" is defined as a binding agreement between two or more parties. It establishes and clarifies the responsibilities and obligations of all parties.
An agreement that is legally enforceable qualifies as a valid contract.
A contract that is no longer upholdable in a court of law is deemed to be void.
A contract is said to be voidable if one of the parties has the option to opt-out of carrying out their obligation under it. When a party's consent is not voluntary, the contract may be dissolved at the displeased party's discretion.
Thus, the contract must satisfy the given two conditions.
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which of the following best describes a deliverable? a tangible or intangible output or outcome that is a unique product, service, or result but does not require production a tangible or intangible output that is any unique product, service, or capability to perform a service that is required to be produced to complete a process, phase, or project an outcome towards which work is directed none of the above
The statement best describes a deliverable is a service that is required to be produced to complete a process, phase, or project. Thus the correct option is C.
What is deliverable?A technique that utilizes to get results is called a process deliverable, and it includes things like scheduling, documentation, sharing of information, resources, funding, and software.
A conclusion or project objective known as a deliverable can be given to both internal and external clients. It's the final outcome that may be measured in a project plan.
Therefore, option C is appropriate.
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The ________ is found by first determining the index point, i = 0.5(n), where n is the number of data points.
Finding the index point, I = 0.5(n), where n is the total number of data points, is the first step in calculating the median.
The middle value in a sorted, ascending or descending list of numbers is known as the median, and it has the potential to describe data points more accurately than the average does. It represents the midpoint of the data because it is the point above and below which half (50%) of the observed data falls. The mean (average), mode, and standard deviation are some other descriptive statistics that are frequently contrasted with the median. The middle value in a collection of numbers is known as the median. The numbers must first be sorted, or ordered, in value order from lowest to highest or highest to lowest in order to find the median value in a series of integers.
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