BUSINESS HIGH SCHOOL

a data analyst studies the sales data obtained after each marketing campaign to determine the effectiveness of the campaign. when the findings are ambiguous, the analyst chooses to interpret the results positively. what type of bias does this represent?

Answers

Answer 1
Answer:

This is confirmation bias, although the analyst chooses to interpret the results positively, he is trying to prove his own theory.

Sales data analysis is very crucial to understand the trends of the sales. Data analyst try to analyze the sales data to set goals, improve sales and forecast future sales, and also the revenue which will be generated after the sales.

Data analysis plays a vital role in any organization, the goal of data analysis is to simplify the information available  to you. Because not all people are able to understand complex sales data.

The bias used here is confirmation bias, it is our tendency to choose only those things that satisfies our theory. Here the analyst is trying to take positively that information which is ambiguous in nature just to prove his own theory.

Hence, This is confirmation bias, although the analyst chooses to interpret the results positively,  he is trying to prove his own theory.

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On November 1, Year 2, Smith Co. contracted to dispose of an industry segment on February 28, Year 3. Throughout Year 2, the segment had operating losses. These losses were expected to continue until the segment's disposition. Which of the following losses should be included in discontinued operations reported in Smith's Year 2 income statement?I. Operating losses for the period January 1 to October 31, Year 1.
II. Operating losses for the period November 1 to December 31, Year 1.
III. Estimated operating losses for the period January 1 to February 28, Year 2.


a. II and III only.
b. I and II only.
c. II only.
d. I and III only.

Answers

Answer:

Choice "B" is correct. The operating losses to be included in Smith's Year 1

Explanation:

The word “util” has been used by economists in the past as an objective measure of utility.Today economists believe that



A. utility cannot be measured objectively.


B. utility can be measured objectively because people can use prices of different goods to measure utility.


C. all of the important conclusions of the economic model of consumer behavior depend on utility being measured objectively.


D. the util truly is an objective, rather than a subjective, measure of utility.

Answers

The word “util” has been used by economists in the past as an objective measure of utility.
Today economists believe that utility cannot be measured objectively.

Final answer:

Economists currently believe that utility, historically represented by 'util', is subjective and cannot be measured objectively. It varies based on individual preferences and circumstances. Prices can suggest perceived utility, but they cannot accurately measure it.

Explanation:

The term "util" was indeed used in historical context to represent a unit of utility. However, today, most economists agree with option A, that utility cannot be measured objectively. Utility is considered subjective as it varies from individual to individual based on their personal preferences, needs, and circumstances. It's challenging to quantitatively asses and compare utility across different individuals or even for the same individual across different circumstances. Prices of goods can be suggestive of their perceived utility but cannot accurately measure it as utility depends on personal subjective valuation.

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Imagine Tom's annual salary as an assistant store manager is $30,000, he owns a building that rents for $10,000 yearly, and his financial assets generate $1,000 per year in interest. One day, after deciding to be his own boss, he quits his job, evicts his tenants, and uses his financial assets to establish a bicycle repair shop. To run the business, he outlays $15,000 in cash to cover all the costs involved with running the business, and earns revenues of $50,000. What are Tom's accounting profits?a. $35,000.
b. $50,000.
c. $24,000.
d. $6,000

Answers

Answer:

Tom's accounting profits = $35,000

so correct option is a. $35,000

Explanation:

given data

annual salary = $30,000

building rents = $10,000

financial assets = $1,000

outlays in cash =  $15,000

earns revenues = $50,000

to find out

Tom's accounting profits

solution

we here get Tom's accounting profits that is express as

Tom's accounting profits  = earns revenues - outlays in cash   ....................1

put here value we get

Tom's accounting profits = $50,000 - $15,000

Tom's accounting profits = $35,000

so correct option is a. $35,000

If the supply of a product increases, then we would expect equilibrium price a. to increase and equilibrium quantity to decrease. b. and equilibrium quantity to both decrease. c. and equilibrium quantity to both increase. d. to decrease and equilibrium quantity to increase.

Answers

Answer:

d. to decrease and equilibrium quantity to increase.

Explanation:

As we know that

Equilibrium is the point at which the quantity demanded equal to the quantity supplied

In equation, it is

Equilibrium = Quantity demanded = Quantity supplied

Now if the supply of a product increases, the equilibrium price decreases while the equilibrium quantity increases

And, if the supply of a product decreases, the equilibrium price increases while the equilibrium quantity decreases

Laura’s husband died in a car accident. When she turns 67, she will receive her husband’s __1___. Her children will also receive the same until they ___2___ . 1. 401k account
social security benefits
certificate of deposit
2. gradute from high school
retire
become employed
this is on plato
i will give brainliest

Answers

Answer:

1. social security benefit

2.retire

Which of the following is a characteristic of an unstructured interview?a. Conducted by a professional interviewer
b. Focuses on factual information
c. Common in small businesses
d. Limited information on the interviewee's personality

Answers

Answer;

C. Common in small businesses

Explanation;

-Unstructured Interview refers to an interview in which the questions to be asked to the respondents are not set in advance. These non-directive interviews are considered to be the opposite of a structured interview which offers a set amount of standardized questions.

-Unstructured interviews are much more casual and unrehearsed.  They depend on free flowing conversation which tends to focus on your personal qualities as they relate to the work.

Answer:

Which of the following is a characteristic of an unstructured interview?

c.  Common in small businesses

Explanation:

i got 100 on edginuity
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