Weighted Average
Example: I want to buy a scanner. I determine the following criteria.
Scan Quality 60%
Battery Life 25%
Zoom imaging 15%
An MP scanner rating out of 10: 8 for quality, 6 for battery and 7 for zoom
A Macintosh scanner gets 9 for quality, 4 for battery and 6 for zoom
Which scanner is best?
Answers
When looking to purchase a scanner, it can be helpful to consider multiple criteria such as scan quality, battery life, and zoom imaging.
In this scenario, the MP scanner receives scores of 8 for quality, 6 for battery, and 7 for zoom, while the Macintosh scanner receives scores of 9 for quality, 4 for battery, and 6 for zoom.
To determine which scanner is best, we can use the concept of weighted averages. By assigning weights to each criterion based on their relative importance, we can calculate an overall score for each scanner that takes into account all of the criteria.
In this case, we have assigned a weight of 60% to scan quality, 25% to battery life, and 15% to zoom imaging. To calculate the weighted average score for each scanner, we multiply the score for each criterion by its corresponding weight, and then sum these values.
Based on this calculation, the MP scanner has a weighted average score of 5.95, while the Macintosh scanner has a weighted average score of 6.75. Therefore, the Macintosh scanner would be the better choice in this scenario as it achieves a higher overall score when considering all of the criteria.
It's important to note that while this method can help to provide a more objective comparison of different options, it may not take into account other factors that are important to an individual's specific needs or preferences. As such, it's always a good idea to carefully evaluate all relevant information and make a decision based on what matters most to you.
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Related Questions
explain one opportunity cost in relation to consumers and producers and government (6)
Answers
All businesses have to make choices - and those choices have implications.
In business, resources are usually scarce or limited. Decision are made under circumstances of uncertainty and taking one course of action or decision may affect business ability to take an alternative action.
Opportunity cost measures the cost of a choice made in terms of the next best alternative foregone or sacrificed.
Examples of Opportunity Cost in the Business & Economic Environment
Work-leisure choices
The opportunity cost of deciding not to work an extra ten hours a week is the lost wages given up.
Government spending priorities
The opportunity cost of the government spending an extra £10 billion on investment in National Health Service might be that £10 billion less is available for spending on education or defence equipment.
Investing today for consumption tomorrow
The opportunity cost of an economy investing resources in new capital goods is the production of consumer goods given up for today.
Use of scarce farming land
The opportunity cost of using farmland to grow wheat for bio-fuel means that there is less wheat available for food production, causing food prices to rise
Trade-offs
A trade-off arises where having more of one thing potentially results in having less of another. The table below lists some examples of how trade-offs often arise in business - as a result of resource scarcity.
Which type of consumer products and services are purchased less frequently, with consumers carefully comparing competing products in terms of suitability, quality, price, and style?.
Answers
Consumers closely compare rival products in terms of compatibility, quality, price, and style when making less frequent purchases of goods and services.
A product is anything that can be supplied to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand. Products are sometimes referred to as merchandise in the retail sector, and they are purchased as raw materials in the manufacturing sector before being sold as finished goods. A form of product that is also considered is a service. In project management, products are the formally defined project deliverables that include or assist in achieving the project's goals.
Although raw materials like metals and agricultural products are typically considered commodities, anything that is readily available on the open market can also be considered a commodity.
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State two reasons for maintaining a petty cash
Answers
Explanation:
the main advantages are:: reduction in numbers of translations many expenses of small nature recorded in petty cash book, the number of transactions reduced in the cash.
reduction of errors :: as the head cashier check the accounts of previous month and gives advance for the coming months, does ,errors if any are reduced.
On january1, 1994, Joan sMITH BEGAN HER BUSINESS BY INVESTING 35,000 in cash in a checking account that
Answers
A checking account is important to keep the money for easy withdrawals through usually an Automated Teller Machine, or ATM
What is Accounting?This refers to the record-keeping of financial records with the aim of keeping track of the finances of a business or corporation.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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frank lehman is a human resource manager at a major corporation. if frank's company is like most firms today, which of the following statements about frank's job is likely to be the most accurate?
Answers
If Frank's company is like most firms today, it is highly likely that Frank's job would involve coordinating all aspects of employee recruitment, management, and retention. In addition to this, he would be required to ensure that his company complies with all relevant employment laws and regulations.
The role of a human resource manager today is more critical than ever before, as they are required to keep the company running smoothly by ensuring that all employees are motivated and productive. This is essential in today's competitive business environment, where companies need to remain agile and responsive to changing market conditions.
Frank's role is also likely to involve developing employee training and development programs, as well as performance management systems that can help his company retain its best employees. Finally, he would also be required to manage any employee relations issues that arise, as well as any disputes or grievances that employees might have.
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Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your recommendation for the best financial choice in their situation.
Answers
Answer: first one
As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.
Explanation:
credit to mohammedalm2
En algunos países es obligatorio que los automóviles de determinado consumo sean aptos para surtirse de gasolina sin plomo..." ¿Qué secuencia de hechos viene inmediatamente después de ésta?
Answers
Explanation:
Como el plomo es altamente contaminante la union europea establecio algunas leyes para que no se siguiera permitiendo el uso de gasolina con plomo, pero tendria que hacersen algunos cambios en cuanto a la constitucion de algunos automoviles,y en sus catalizadores,pero todo ello depende de la gama del vehiculo,el modelo y el motor,,por lo tanto los vehiculos que se utilicen para determinado consumo deben cumplir con los requisitos previos para funcionar de acuerdo con la norma de gasolina sin plomo,pues de no acatar las normas establecidas,podrian ser sancionados.
The total cost of Anja’s trip to the dentist was $628. 35. She paid a flat fee of $89. 95 which included the checkup and cleaning and then had 4 cavities filled, each of which cost the same amount. Which shows the correct equation and value of x, the cost of each cavity filling? 4 x 89. 95 = 628. 35; x = 134 dollars and 60 cents 4 (89. 95) x = 628. 35; x = 268 dollars and 55 cents 4 x 89. 95 = 628. 35; x = 179 dollars and 58 cents 4 (89. 95) x = 628. 35; x = 538 dollars and 40 cents.
Answers
An equation is considered as assertation of equality between two expressions containing variables. Equations are attempts to discover systematic answers.
Cost of each cavity filling
Correct option is A.
Given Information:
Total cost=$628.35Flat fee=$89.95Cavities filled=4The trip to the dentist had a flat fee plus 4 cavities for a total cost of 628.35.
=fee + 4 * cost of cavity = 628.35
=Let x = the cost of each cavity
=89.95 + 4x =628.35
Subtract 89.95 from each side,
89.95-89.95 + 4x =628.35-89.95
4x =538.40
Divide each side by 4
4x/4 =538.40/4
x =134.60
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Kendra is trying to decide whether to go to Abby's house to watch a movie or to go to Samuel's house to play board games. They live about the same
distance away, and there is no cost for either event. If she chooses to go to Abby's house, what is the opportunity cost? (1 point)
There is no opportunity cost because there is not cost associated with either option.
Economics do not apply to this kind of decision.
The difference in value to Kendra of the two options.
The net value to Kendra of going to Abby's house to watch a movie
The net value to Kendra of going to Samuel's house to play games
Answers
Answer: The net value to Kendra of going to Samuel's house to play games
Kendra decision to go to Samul
The person named Kendra is trying to decide whether she should go to her abbeys house or whether to watch a movie. The first the option of going to the Samul house and playing a board game and can also go for a movie as she stays at the same distance. There are no costs involved in both events.
Thus answer is the net value to Kendra of going to Samuel's house for playing games.
The concept of the opportunity cost can be seen when the loss of a valve product for the cost of another more valuable item or an important product is considered to benefit. It often gives us a much higher value.Thus the option C is correct.Learn more about the decision whether.
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you hear about an economy with no change in the number of workers or capital. yet, production increases. what idea does this illustrate?
Answers
Answer:
It might be because of an increase in efficiency in the workforce or advances in technology. Hope it helps :)
Explanation:
In preparing a company's statement of cash flows using the indirect method, the following information is available:Net income $ 52,000Accounts payable decreased by 18,000Accounts receivable increased by 25,000Inventories increased by 5,000Depreciation expense 30,000Net cash provided by operating activities was:
Answers
Answer:
Statement of cash flows using the indirect method
Net income $52,000
Adjustments to net income:
Depreciation expense $30,000Increase in accounts receivable ($25,000)Increase in inventories ($5,000)Decrease in accounts payable ($18,000) ($18,000)net cash flow provided by operating activities $34,000
This graph shows the marginal cost of producing each additional pair of running shoe inserts.
Based on the graph, which pair of shoes has a marginal cost of $3.00?
Pair 2
Pair 4
Pair 6
Pair 7
Answers
Answer:C
Explanation:
Answer:
Pair 6 or Answer: C
Explanation:
If you were pitching the idea for this product, what would you say?
Answers
Answer:
you didn't put a picture
Explanation:
I would be happy to help still
Active management necessarily implies very high portfolio turnover in an attempt to beat the Market Portfolio.
A. TRUE
B. FALSE
Answers
A. TRUE Active management refers to the practice of attempting to outperform the market by actively buying and selling securities in a portfolio. The goal is to generate returns that are higher than the market benchmark.
However, this approach requires high portfolio turnover, meaning that the manager frequently buys and sells securities in an attempt to stay ahead of market trends. As a result, active management typically incurs higher transaction costs and taxes than passive management, which seeks to replicate the returns of the market benchmark with a low-cost, low-turnover portfolio. Therefore, the statement "Active management necessarily implies very high portfolio turnover in an attempt to beat the Market Portfolio" is true.
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Please help. Atleast the top 2
Answers
Answer:
Number 1 is Pure Market. Number two is socialist, I'm pretty sure.
Explanation:
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Why is it important to demonstrate a positive work attitude in the workplace?
O to be seen as trustworthy and reliable
O to be seen as coachable and flexible
O to be seen as willing to delegate tasks
O to be seen as easily persuadable
Answers
Answer:
the first one
Explanation:
if you aren't trustworthy you might not get as many opportunities in your workplace
1. Give one example of professional behavior in a salon and how a cosmetologist could
demonstrate it."
Answers
Answer:
Appropriate language, a cosmetologist can demonstrate this by always speaking in a tone and at a volume that is appropriate for the setting, and never using foul language no matter what.
John buys a used car for $5,400 and spends $600 on new parts, made in the U.S., to fix the car. The end result of these two transactions isa. U.S. consumption purchases increase by $5,400 and U.S. GDP increases by $5,400.b. U.S. consumption purchases increase by $6,000 and U.S. GDP increases by $6,000.c. U.S. consumption purchases increase by $600 and U.S. GDP increases by $600.d. U.S. consumption purchases increase by $600 and U.S. GDP increases by $6,000.
Answers
Answer:
C
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
when implementing new enterprise systems in a company, process issues that may arise can be effectively resolved by
Answers
The process of implementing new enterprise systems in a company can be challenging and often result in issues.
To effectively resolve these issues, it is important to identify and assess the issue, develop a plan of action, execute the plan, and monitor the implementation to ensure the issue is resolved.
First, it is important to identify and assess the issue by looking at the root cause and potential solutions. Then, a plan of action should be developed to address the issue, including any necessary resources, deadlines, and deliverables.
After the plan is developed, it should be executed, ensuring the issue is addressed in a timely manner. Lastly, the implementation should be monitored to ensure the issue has been resolved.
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Consider the following equations
Instead of the textbook investment function, consider the following \accelerator" investment
function where investment rises with short run outptut:
(a) Derive the IS curve as a relation between short run output ~ Yt and the real interest rate
gap Rt r.
(b) Find the government spending multiplier ( dY
dag
) holding the real interest rate constant.
How does an increase in the parameter i
y aect the multiplier? Explain brie
y the
mechanism.
Answers
(a) The accelerator investment function states that investment is a function of the change in output. Mathematically, it can be expressed as I_t = a(Y_t - Y_{t-1}), where a is the accelerator coefficient.
To derive the IS curve, we need to combine the accelerator investment function with the equilibrium condition for goods market, which is Y_t = C_t + I_t + G_t. Substituting the investment function into the goods market equilibrium equation, we get Y_t = C_t + a(Y_t - Y_{t-1}) + G_t.
Now, we need to relate short run output Y_t to the real interest rate gap R_t - r. The real interest rate gap is defined as R_t - r = i_t - \pi_t - r, where i_t is the nominal interest rate, \pi_t is the inflation rate, and r is the natural real interest rate. Assuming that inflation is constant, we can simplify the real interest rate gap as R_t - r = i_t - r.
To relate Y_t to the real interest rate gap, we need to use the IS curve equation, which is Y_t = C(Y_t, r) + I(Y_t, R_t - r) + G. Since the accelerator investment function is a function of output, we can express it as I(Y_t, R_t - r) = a(Y_t - Y_{t-1}). Substituting this into the IS curve equation, we get Y_t = C(Y_t, r) + a(Y_t - Y_{t-1}) + G.
Therefore, the IS curve is given by Y_t = \frac{1}{1-a}(C(Y_t, r) - aY_{t-1} + G + a(R_t - r)).
(b) To find the government spending multiplier holding the real interest rate constant, we need to differentiate the IS curve with respect to G and divide by the change in G. This gives us dY/dG = \frac{1}{1-a}. Therefore, the government spending multiplier is equal to \frac{1}{1-a} holding the real interest rate constant.
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why should we respect the life and culture of all people living in the country ?
Answers
Explanation:
Culture forms our identities and attitudes, and intercultural communication allows us to embrace and sometimes even integrate and learn the language with many other communities to some degree. In modern environment, cultural diversity is becoming extremely significant. We should respect all culture and community.
What are two types of goods/services that lend themselves well to price competition? Discuss these goods/services and reasons why price competition works best for them.
Answers
Explanation:
The two types of goods / services where price competition works best are those classified by a market model of perfect competition and imperfect competition.
In perfect competition, there is a predominance of a homogeneous market, with the presence of many companies and without barriers to entry, where there is the possibility of free price competition, such as the food industry.
In imperfect competition, there is also the presence of many industries in the market, but there is a differentiation of products, which causes price competition but depending on the benefits, functionality and degree of differentiation of the good perceived by the consumer.
The two types of goods/services that lend themselves well to price competition are those that are classified by a market model of perfect competition and imperfect competition.
It should be noted that in perfect competition, there is a homogeneous market. Also, no one can influence the price. There's also free entry and exit.
On the other hand, in imperfect competition, there is also the presence of many industries in the market, but there is a differentiation of products, which causes price competition. Also, the producers can influence the price.
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a__________ is defined as two or more freely interacting individuals who share collective norms and goals and have a common identity. multiple choice question. group department division company
Answers
The term that defines two or more freely interacting individuals who share collective norms and goals and have a common identity is "group." A group can be formed in various settings, such as the workplace or at a social gathering. It is essential to establish a sense of unity and camaraderie within a group to ensure that everyone is working towards a shared goal. In the workplace, a group can be composed of individuals from different departments or divisions who come together to work on a specific project or task.
However, it is important to note that a group is different from a department or division, as these terms refer to formal organizational structures within a company. Overall, the success of a group relies on effective communication, cooperation, and a shared sense of purpose.
A group is defined as two or more freely interacting individuals who share collective norms and goals and have a common identity.
To answer your multiple-choice question:
1. Group (correct answer)
2. Department
3. Division
4. Company
In this context, "group" refers to a collection of individuals who work together, share common goals, and identify as part of the same entity. Departments, divisions, and companies are larger organizational structures that may contain multiple groups, but they are not defined solely by the interactions and shared identity of their members.
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Suppose a country decides to abandon paper currency and coins, and to adopt eggs as its national currency. Analyze the wisdom of this decision. Base your reasoning on each of the three uses of money.
Answers
While eggs may have some value as a commodity, using them as a national currency would not be wise. There are several reasons why eggs are not a suitable replacement for paper currency and coins.
Medium of exchange: Eggs would not be a practical medium of exchange. Eggs are fragile and can easily break, making them difficult to transport and store. They are also perishable and have a limited shelf life, which would create logistical problems for businesses and consumers.
Unit of account: Eggs would not be a stable unit of account. The price of eggs can fluctuate greatly depending on factors such as supply and demand, weather conditions, and disease outbreaks. This volatility would make it difficult for businesses to plan and make long-term investments.
Store of value: Eggs would not be a reliable store of value. As mentioned above, eggs are perishable and have a limited shelf life. They also require careful storage and handling to prevent spoilage. In addition, the value of eggs could be subject to sudden and unpredictable shifts in the market, which would make them a risky investment.
In conclusion, while eggs may have some value as a commodity, using them as a national currency would be unwise due to their fragility, volatility, and perishability. A currency needs to be a practical medium of exchange, a stable unit of account, and a reliable store of value, and eggs do not meet these criteria.
DESCRIPTION OF THE LAW OF DEMAND
Answers
Answer:
The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded
A company's balance sheet shows.Cash $44.000. accounts receivable $27.000, office equipment 561000 and accounts payable $28,000. What is the amount of stockholders' equity?
Answers
Main Answer:
The amount of stockholders' equity is $544,000.
Explanation:
Stockholders' equity represents the residual interest in the company's assets after deducting liabilities. In order to calculate the amount of stockholders' equity, we need to subtract the total liabilities from the total assets.
Step 1: Calculate Total Assets
Total assets can be calculated by adding up the individual asset values listed on the balance sheet. In this case, the company's total assets are the sum of cash ($44,000), accounts receivable ($27,000), and office equipment ($561,000):
Total Assets = Cash + Accounts Receivable + Office Equipment
Total Assets = $44,000 + $27,000 + $561,000
Total Assets = $632,000
Step 2: Calculate Total Liabilities
Total liabilities can be determined by summing up the individual liability values listed on the balance sheet. In this scenario, the company's total liabilities consist of accounts payable ($28,000):
Total Liabilities = Accounts Payable
Total Liabilities = $28,000
Step 3: Calculate Stockholders' Equity
Stockholders' equity can be calculated by subtracting the total liabilities from the total assets:
Stockholders' Equity = Total Assets - Total Liabilities
Stockholders' Equity = $632,000 - $28,000
Stockholders' Equity = $544,000
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The amount of stockholders' equity is $604,000.
How much is the total stockholders' equity?Stockholders' equity represents the residual interest in the assets of a company after deducting liabilities. In this case, we can calculate the stockholders' equity by subtracting the total liabilities from the total assets.
Given the information provided, the total assets consist of cash ($44,000), accounts receivable ($27,000), and office equipment ($561,000), which sum up to $632,000. On the other hand, the total liabilities are represented by the accounts payable, which amounts to $28,000.
To calculate the stockholders' equity, we subtract the total liabilities ($28,000) from the total assets ($632,000). Thus, the stockholders' equity is $604,000.
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The number of seats a table can have is usually expressed as the number and the word "top". You can have 17, 4-top tables, 28, 2-top tables, 15, 6-top tables and 5, 10-top tables. How many can your restaurant seat?
A) 244 seats
B) 264 seats
C) 288 seats
D) None of the above
Answers
Answer:
B) 264 seats
Explanation:
'Top' is the number of seats per table.
17 tables with 4 seats will have
17 x 4 = 68 people
28 2-top tables
28 x 2 =56 seats
15, 6-top tables
15 x 6 =90 seats
5, 10-top tables.
5x10 = 50 seats
Total number of people who can seat
= 68 + 56 +90 +50
=264 seats
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
What is the main reason companies offer free or promotional items and services?
to get rid of bad products
to lure in new customers willing to spend money
to reveal their new products to their competition
Answers
Answer:
lure in customers; so the middle option
Answer:
to lure customers
Explanation:
How many activities do marketers perform?
Answers
Answer:
74 Activities
Explanation:
Answer: 100s.
Explanation: Marketers perform hundreds of activities.
A supermarket building was purchased for $567,000. The down payment was 12%. The balance was financed at 7.97% for 25 years. Find the montly payment is
Answers
The monthly payment for the supermarket building is approximately $3,667.63. To find the monthly payment for a supermarket building, the following formula: Monthly payment = P[r(1+r)^n/((1+r)^n)-1)]
we will need to make use of the following formula: Monthly payment = P[r(1+r)^n/((1+r)^n)-1)]
where P = the principal,
r = the interest rate per month, and
n = the total number of months.
We will calculate the values of P, r, and n using the information provided in the problem statement:
Down payment = 12% of $567,000 = 0.12 × $567,000 = $68,040
Principal = $567,000 − $68,040 = $498,960
Interest rate per year = 7.97%
Number of years = 25Number of months = 25 × 12 = 300To convert the interest rate per year to the interest rate per month, we will divide by 12:
Interest rate per month = 7.97% ÷ 12 = 0.6642% Plugging in these values into the formula, we get:
Monthly payment = $498,960[0.006642(1+0.006642)^300/((1+0.006642)^300−1)]
Monthly payment = $3,667.63.
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