Being able to predict machinery failures before they occur is an example of using analytics in:...

Being able to predict machinery failures before they occur is an example of using analytics in: Select one:

a. Marketing and customer relationship management.

b. Banking and finance.

c. Manufacturing.

d. Insurance

Expert Solution

c. Manufacturing.:

This is an example of the manufacturing sector where it can be predicted from the functioning of a machine the chances of its break-down. It can be analyzed through its past performance of breakdown mechanism or through its current performance.

keosha answered 2 years ago

A psychic claims to be able to predict the outcome of coin flips before they happen....

A psychic claims to be able to predict the outcome of coin flips before they happen. Someone who guesses randomly will predict about half of coin flips correctly. In 100 flips, the psychic correctly predicts 57 flips. Do the results of this test indicate that the psychic does better than random guessing? The hypotheses are Ho:p=0.50 Ha:p>50 where p is the proportion of correct coin flip predictions by the psychic. 1. Give the test statistic for this problem. Group of...

How are you able to predict the future and explain the past using the IS-LM?

Please give an example of when using the probability an event will occur is important to...

Please give an example of when using the probability an event will occur is important to decision making. Why?

An important part of using statistics is being able to explain your results to decision makers.

An important part of using statistics is being able to explain your results to decision makers. Imagine that you have conducted a two-sample test and determined that the difference was not statistically significant. While one mean was 4.3 and the other was 3.9, the p level for the t test was p=.07. Your management team says, “Well, the difference may not be statistically significant, but the difference is there! Discuss how you would respond and how you would explain the...

An important part of using statistics is being able to explain your results to decision makers....

An important part of using statistics is being able to explain your results to decision makers. Imagine that you have conducted a two-sample test and determined that the difference was not statistically significant. While one mean was 4.3 and the other was 3.9, the p level for the t test was p=.07. Your management team says, “Well, the difference may not be statistically significant, but the difference is there! Discuss how you would respond and how you would explain the purpose...

Lysterfield Ltd has various non-current assets, including buildings and machinery. Both assets are being depreciated using...

Lysterfield Ltd has various non-current assets, including buildings and machinery. Both assets are being depreciated using the straight-line method. The buildings were purchased on 1 July 2016, with an anticipated residual value of $200,000 and an expected useful life of 16 years. The Buildings are being recorded under the revaluation model. The machinery was purchased on 1 July 2015, with an anticipated residual value of $30,000 and an expected useful life of 8 years. The machinery is being recorded under...

what is a intuitative decision making model?provide an example of a decision being made by using...

what is a intuitative decision making model?provide an example of a decision being made by using this model

Using the parametric form of convexity and the example of a two-year coupon bond, coupons being...

Using the parametric form of convexity and the example of a two-year coupon bond, coupons being paid at the end of each year, show that the convexity of a bond is a decreasing function of coupon rate.

Question