The following six months of data were collected on electricity cost and the number of machine hours in a factory.
Required:
Definitions:
Inferior Returns
Returns on an investment that are lower than the benchmark or expected returns, often indicating underperformance.
NAV
Net Asset Value, the total value of a fund's assets minus its liabilities, often used in the context of mutual funds or ETFs to represent the per-share/unit price.
EMH
The Efficient Market Hypothesis suggests that it is impossible to consistently achieve higher returns than overall market due to all information being already reflected in stock prices.
Generate Lower Costs
The process or strategy aimed at reducing production or operational expenses to enhance profitability.
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