12 Which of the following is not a classificationstyle business problem?Predicting the sale priceof a vehicle based onsome factors.Predicting whether aborrower is likely todefault or not default on aloan.Determining membershipof groups of customers ofa supermarket basedupon products purchased.Predicting whether or nota transaction is fraudulent.

Answer- Determining membership of group of customers of supermarket based upon products purchased is…

Answered: Which of the following is not a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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ADVERSE SELECTIONSomet Health Insurance Company wants to sell a health insurance product for $700 permonth. There is no requirement for healthy people to have insurance coverage. Thecompany conducts a survey to see how different populations respond to the proposed cost.People with no illnesses and disabilities, generally the young and healthy, respond that theydo not spend $700 on healthcare in an entire year, and most feel they would not waste somuch money on premiums when the chance of needing surgery or expensive healthcaretreatments is so small. However, older, sicker people think that $700 per month is a greatdeal, as most of them spend far in excess of this amount on healthcare. It seems like agreat deal for them.1. If the company offers this product, how will adverse selection affect it?
Which of the following statements is correct? I. Tax loss carrybacks result in deferred tax assets. II. Tax loss carryforwards result in deferred tax assets. III. The tax valuation account is used to adjust deferred tax liabilities if it is "more likely than not" that they will not result in increased future taxes. 1.I only 2.II only 3.III only 4.I and II
Paraphrase this one. Analyze and elaborate in 97 words. Before venturing into the realm of predictive analytics, it is imperative for organizations to have distinct objectives or problems awaiting resolution. Without well-defined goals, the process of data mining may culminate in a misallocation of valuable resources. Beginning with a generalized approach—where all available data is indiscriminately mined—might lead astray. The true value of predictive analysis emerges from targeted inquiries into known issues.
COLUMN X COLUMN Y Q.1.2.1 The analyst manipulates certain variables under controlled conditions. A. Statistics Q.1.2.2 Generalises sample findings to the broader population. B. Ordinal-scaled data Q.1.2.3 Describes a characteristic of a sample. C. Statistical modelling Q.1.2.4 Categorical data, where the categories have an implied ranking. D. Inferential statistics Q.1.2.5 Any attribute of interest on which data are collected and analysed. E. Data Q.1.2.6 A set of mathematically based tools & techniques that transform raw data into information to support effective decisionmaking. F. Descriptive statistics Q.1.2.7 The actual values or outcomes recorded on a random variable. G. Parameter Q.1.2.8 Condenses sample data into a few summary measures H. Random variable Q.1.2.9 The collection of all possible observations that exist for the random variable under study. I. Experimentation Q.1.2.10 Describes a characteristic of a population. J. Statistic K. Continuous data L. Population
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5) Which three of the statements are advantages of using sensitivity analysis? A) It identifies the relationships between various unpredictable variables. B) It can be used when making contingency plans. C) It may lead to an indication of where further investigation might be worthwhile. D) It provides information for decision making.
Which of the following ratios is INCORRECTLY defined? Seleccione una: a. TIE= EBIT/InterestExpense b. ROE=NetIncome/Equity c. Sales Growth=Sales-PreviousSales/PreviousSales d. Days Inventory= Inventory/AverageDailyCostOfGoodsSold e. ROA=(NetIncome+InterestExpense)/Assets
Assume that Young Corporation is introducing a new heartburn relief medication as an over the counter treatment. Young's marketing team used data to determine how to meet the minimum sales goals. The team determined that switching to an online marketing plan would be the best to maximize sales. This is an example of using Question 8 options: a) descriptive analytics b) diagnostic analytics c) predictive analytics d) prescriptive analytics
Suppose menu messageQ&A notifications account_circle Business FinanceQ&A LibraryYou have just been employed as the New chief executive officer of a medium sized company that is listed on the Ghana stock exchange. At the maiden board meeting,the chairman advised you and your management team to avoid what he termed as "Agency Problem" Explain the term "agency proAm blem " and identify (4) way by which shareholders can deal with it. You have just been employed as the New chief executive officer of a medium sized company that is listed on the Ghana stock exchange. At the maiden board meeting,the chairman advised you and your management team to avoid what he termed as "Agency Problem" Explain the term "agency proAm blem " and identify (4) way by which shareholders can deal with it.…
2- The ______________through objective and systematic method of finding solution to a problem is research. The systematic approach concerning generalization and the formulation of a theory is also research. As such the term ‘research’ refers to the systematic method consisting of enunciating the problem, formulating a hypothesis, collecting the facts or data, analysing the facts and reaching certain conclusions either in the form of solutions(s) towards the concerned problem or in certain generalizations for some theoretical formulation. a. Search for design b. Search for process c. Search for knowledge d. All of the above
Afer executing our data through PostgreSQL we will get: Select one: a. Output b. Information c. Metadata d. Instructions
13 Which of the following is not a disadvantage of secondary data? a. The objectives, nature, and methods used to collect the secondary data may not be appropriate to the present situation. b. Secondary data may not be completely c. Secondary data may be lacking in accuracy d. Secondary data may be less expensive and time consuming

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