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A product is sold for $130. Its cost consists of $25 of direct materials, $10 of direct labor, and $30 of manufacturing overhead. What is the throughput margin?
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Information collected for reference or analysis.
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The process of using data analysis to deduce properties of an underlying distribution of probability; drawing conclusions about populations based on sample data.
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Mathematical models that are designed to find the best possible solution or outcome from a set of parameters or constraints.
Prescriptive Analytics
The set of analytical techniques that yield a best course of action.
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