Identify Different Business Uses for Statistics and the Major Statistical

question 44

Multiple Choice

Identify different business uses for statistics and the major statistical tools businesses use
Use the table below to answer the following question(s) .
Sujito Electronix makes headphones for $22 and sells them for $32. Sujito has sold at least 50 headphones on average per week in the past, though the actual demand is unknown. Sujito has also often run short of supply in the past. After three months of release, the headphones are sold at 40 percent discount. The spreadsheet below shows Sujito's sales and demand for the headphones. We take demand at 51, and quantity produced at 55. $\begin{array}{|l|l|}\hline\begin{array}{l}\text { Newsvendor model for } \\\text { Sujito's headphones }\end{array} & \\\hline & \\\hline \text { Data } & \\\hline & \\\hline \text { Selling Price } & \$ 32 \\\hline \text { Cost } & \$ 22 \\\hline \text { Discount Price } & \$ 19.2 \\\hline & \\\hline \text { Model } & \\\hline & \\\hline \text { Demand } & 51 \\\hline \text { Produced Quantity } & 55 \\\hline & \\\hline \text { Quantity Sold } & \\\hline \text { Surphus Quantity } & \\\hline\end{array}$
-Which of the following is the value for quantity sold?

• A) 51
• B) 50
• C) 4
• D) 55

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Definitions:

Accountants' Reports

Documents prepared by accountants that provide financial analysis and details of a person's, company’s, or entity's financial status.

Liability for Negligence

A legal obligation that arises when an individual or entity fails to take reasonable care to avoid causing harm to another person, resulting in injury or loss.

Material Fact

A fact that would be important to a reasonable person in deciding whether to engage or not engage in a particular transaction.

Securities Act of 1933

A U.S. law enacted as part of the New Deal, aimed at ensuring transparency in financial statements so investors can make informed decisions about investments, and establishing laws against misrepresentation and fraudulent activities in the securities markets.