2. (LO 7-2, LO 7-3) Match the diagnostic analytics to an example or definition. Diagnostic Analytics Diagnostic Analytics Example/Definition Sunk cost fallacy Analytics to see if we can find all of the skipped purchase order numbers. Sequence check Two-sample t-test difference of means Variance analysis Outlier An observation that lies outside its expected distribution. Test used to evaluate if accounting profits are greater at manufacturing firms as compared to retailing firms. The price variance is favorable, but the quantity variance is not favorable. Difficulty cutting out unprofitable products.
2. (LO 7-2, LO 7-3) Match the diagnostic analytics to an example or definition. Diagnostic Analytics Diagnostic Analytics Example/Definition Sunk cost fallacy Analytics to see if we can find all of the skipped purchase order numbers. Sequence check Two-sample t-test difference of means Variance analysis Outlier An observation that lies outside its expected distribution. Test used to evaluate if accounting profits are greater at manufacturing firms as compared to retailing firms. The price variance is favorable, but the quantity variance is not favorable. Difficulty cutting out unprofitable products.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:2. (LO 7-2, LO 7-3) Match the diagnostic analytics to an example or definition.
Diagnostic Analytics
Diagnostic Analytics Example/Definition
Sunk cost fallacy
Analytics to see if we can find all of the skipped purchase
order numbers.
Sequence check
Two-sample t-test
difference of means.
Variance analysis
Outlier
An observation that lies outside its expected distribution.
Test used to evaluate if accounting profits are greater at
manufacturing firms as compared to retailing firms.
The price variance is favorable, but the quantity variance
is not favorable.
Difficulty cutting out unprofitable products.
LC
lew
5
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