EBK BUSINESS ANALYTICS
3rd Edition
ISBN: 9780136880844
Author: Evans
Publisher: PEARSON
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Textbook Question
Chapter 1, Problem 1PE
Discuss how you might use business analytics in your personal life, such as in managing your grocery purchasing, automobile maintenance, budgeting, or sports. Be creative in identifying opportunities!
Expert Solution & Answer
To determine
To describe: The use of the business analytics in your personal daily life.
Answer to Problem 1PE
To find the solution of the changes in situation, its causes and sustainability as well as its future prediction, is determined with the help of the business analytics.
Explanation of Solution
To find the solution of the changes in situation, its causes and sustainability as well as its future prediction, is determined with the help of the business analytics.
The lost of activities and expenses of daily life like buying things, its maintenance, budgeting etc. are easily managed with help of business analytics.
Suppose, the price of some item is increases then you can easily set your future budget for buying according to your pocket size, but how; the business analyst helps to understand the cause of the increment in the price of things and the days till the trend of increment will continue.
How one can save money though the expenses on things is easily understands through business analyst.
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GISS
Worksheet 10
Jesse runs a small business selling and delivering mealie meal to the spaza shops.
He charges a fixed rate of R80, 00 for delivery and then R15, 50 for each packet of
mealle meal he delivers. The table below helps him to calculate what to charge
his customers.
10
20
30
40
50
Packets of mealie
meal (m)
Total costs in Rands
80
235
390
545
700
855
(c)
10.1.
Define the following terms:
10.1.1. Independent Variables
10.1.2. Dependent Variables
10.2.
10.3.
10.4.
10.5.
Determine the independent and dependent variables.
Are the variables in this scenario discrete or continuous values? Explain
What shape do you expect the graph to be? Why?
Draw a graph on the graph provided to represent the information in the
table above.
TOTAL COST OF PACKETS OF MEALIE MEAL
900
800
700
600
COST (R)
500
400
300
200
100
0
10
20
30
40
60
NUMBER OF PACKETS OF MEALIE MEAL
Chapter 1 Solutions
EBK BUSINESS ANALYTICS
Ch. 1 - Discuss how you might use business analytics in...Ch. 1 - How might analytics be used in the following...Ch. 1 - A supermarket has been experiencing long lines...Ch. 1 - For each of the following scenarios, state whether...Ch. 1 - Suppose that a manufacturer can produce a part for...Ch. 1 - A bank developed a model for predicting the...Ch. 1 - Four key marketing decision options are price P,...Ch. 1 - Total marketing effort is a term used to describe...Ch. 1 - A manufacturer of headphones is preparing to set...Ch. 1 - In this chapter, we noted the importance of...
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