The best data analysis tool for analyzing how long it takes a
customer to finish a meal at a restaurant is a ______.
a. Pareto chart
b. checklist
c. histogram
d scatter diagram
Answers
The best data analysis tool for analyzing how long it takes a customer to finish a meal at a restaurant is a c) histogram.
A histogram is a graphical representation that organizes data into intervals or bins and displays the frequency or count of observations falling into each bin. It is particularly useful for analyzing the distribution of continuous data, such as the duration of a customer's meal.
By creating a histogram, we can gain insights into the typical meal durations and identify any patterns or trends. The histogram allows us to visualize the distribution of meal times, including the central tendency and variability.
Using a histogram, we can answer questions such as: Are most meals completed within a specific time range? Are there any outliers or extreme values? Are there any clusters or modes in the distribution of meal durations?
Comparing different bins on the histogram can help identify the most common meal duration ranges and detect any potential issues, such as prolonged meal times that may impact customer satisfaction or operational efficiency. It provides a clear and concise summary of the data, allowing for easy interpretation and decision-making.
While other tools such as Pareto charts, checklists, and scatter diagrams have their own benefits in specific contexts, for analyzing the duration of a customer's meal, a histogram provides a more effective visual representation and analysis of the data distribution.
Hence, the correct answer is c) Histogram.
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Related Questions
hay's policy concerning trading rights in china was the:
Answers
Hay's policy concerning trading rights in China was the Open Door Policy, which aimed to ensure equal commercial opportunities for all nations and preserve China's territorial integrity.
Hay's policy concerning trading rights in China was known as the Open Door Policy. Proposed by U.S. Secretary of State John Hay in 1899, the Open Door Policy aimed to ensure equal commercial opportunities for all nations in China and preserve China's territorial integrity and sovereignty.
At the time, several imperial powers, including Britain, France, Germany, Russia, and Japan, had established spheres of influence and exclusive trading rights in various regions of China. Concerned about being excluded from these economic benefits, the United States sought to secure its own access to Chinese markets and prevent the partitioning of China into foreign-controlled territories.
Under the Open Door Policy, Hay called for three principles:
1. Equal Commercial Opportunity: All nations were to have equal access to China's ports, markets, and industrial opportunities without any discriminatory trade restrictions or exclusive privileges.
2. Territorial Integrity: The policy aimed to uphold China's territorial integrity, ensuring that no foreign power would seek to acquire Chinese territory or exert undue political influence.
3. Open Markets and Trade: Hay encouraged free and unrestricted trade within China, advocating for the elimination of trade barriers, the protection of foreign property rights, and the establishment of a fair and transparent legal framework.
The Open Door Policy was a diplomatic approach by the United States to protect its economic interests in China, maintain stability, and prevent further colonization of Chinese territories. Although it did not have a legally binding effect, the policy gained international recognition and support from other major powers, shaping the framework for future trade and diplomatic relations in China.
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if the mean is 32 and the median is 40 what would be value of mode
Answers
Answer:
Step-by-step po:
3 Median = Mode + 2 Mean
Given: Mean = 30 / Mode = 40
Now: 3 Median = Mode + 2 Mean
=> 3 Median = 40 + 2 (30)
=> 3 Median = 40 + 60
=> 3 Median = 100
=> Median = 100/3
=> Median = 33.3
Explanation:
Grant started a business this year. He earned $200,000 in revenues and had $150,000 in expenses. His other alternative would have been to go back to his old job, where he earned $70,000. What are Grant's "true" profits from his business
Answers
Answer:
Profit from the business = $50000.
Explanation:
Total revenue from the business = $200000
The total cost that occurred in business = $150000
Now we have to calculate the true profit from the business. So, it can be calculated by subtracting the total cost from the total revenue.
Below is the formula to find the profit.
Profit = total revenue – total cost
Now insert the given values in the formula.
Profit from the business = $200000 - $150000
Profit from the business = $50000
The amount of Grant's "true" profits from his business is $50000. Profits are termed as the total revenues that the firm earns on selling the produced goods and services.
Given information are:
Total revenue from the business = $200000
The total cost that occurred in business = $150000
Computation of profit:
Profit = Total Revenue- Total Cost
Profit = $200000- $150000
Profit = $50000
Therefore, the amount of profit the company earned is $50000.
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What do interior designers use CAD to do? Select one task that an interior designer could use CAD for and compare it to how that task could have been done prior to the invention of CAD.
Answers
The majority of designers will utilize AutoCAD to produce floor plans and room mockups for both commercial and residential structures.
The majority will begin with a 2D layout as they collaborate with a customer to plan the overall positioning of important furniture or fixtures. The ability to transform 2D floor plans to 3D with the Room Builder feature is one of the best aspects of software like AutoCAD 2010 for interior designers and space planning, making it simple to show clients exactly how their finished room will look. Although not the only tool used by interior designers for planning, AutoCAD is unquestionably the industry standard. Do you want to know how much money you can make working with interior designers in AutoCAD? The extent of your abilities will determine that, but being able to create striking room designs within the programme will undoubtedly help you to stand out.
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Allowing third-party sellers to list their products on Amazon is controversial. Why would Amazon allow products sold by others to appear on its site?
a. Selection attracts consumers.
b. A network effect competitive advantage is created where more buyers attract more sellers, giving Amazon an advantage over any rival attempting to create a similar marketplace.
c. Although products are sold by third parties, Amazon gains valuable data on things such as customer browsing habits and sales.
d. Amazon's brand is reinforced as a first-choice shopping destination.
e. All of the above.
Answers
Answer:
e. All of the above.
Explanation:
Interestingly, all the above-listed options could serve as a possible reason why Amazon allows products sold by others to appear on its site.
Remember, Amazon is a marketplace; since the definition of a market involves dealings with several entities, it thus logical to expect Amazon to allow people (other sellers) to transact on its platform.
Suppose that people who are indifferent about trading do, in fact, go ahead and trade. Under this convention, what is the prediction from the supply and demand model about the number of books that should change hands at the equilibrium price?.
Answers
6 books should change hands at the equilibrium price
An equilibrium price, also known as a market clearing price, is the agreed upon price when a product transaction takes place. When market supply and demand are in balance, prices become steady. This is known as equilibrium. In general, a surplus of goods or services leads to lower prices, which increases demand, whereas a shortfall or undersupply raises prices, which decreases demand. The coffee market is in a state of equilibrium. There won't be a propensity for pricing to move unless the supply or demand curves alter. In each market, the equilibrium price is the one where supply and demand are equal. Thus, $6 a pound is the market's equilibrium price for coffee.
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The price of tents, a complement to sleeping bags, increases. how will this affect the market for sleeping bags?
Answers
If the price of tents should increase then it would cause the demand for sleeping bags to reduce.
What is a complementary good?This is the term that is used to refer to the goods that are bought and used alongside another good. What this means is that both goods are used together.
Hence when the price of one complement good rises, it would cause the demand of that good to reduce and also reduce the market for that good.
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Question 16 (2 points) 1) Listen Every firm in a perfectly competitive industry faces the following cost structure: TC(q) = q2 + 36. MC(q) = 2q What is the long-run equilibrium price?
Answers
In a perfectly competitive industry, the long-run equilibrium price is determined by the intersection of the industry's supply and demand curves.
At the long-run equilibrium, each firm will be producing at the minimum point of its average total cost curve (ATC). We can find the ATC curve by dividing the total cost function by q: ATC(q) = (q^2 + 36)/q = q + 36/q. To find the minimum point of this curve, we can take the derivative and set it equal to zero:
So each firm will be producing 6 units at the long-run equilibrium. To find the industry's supply curve, we need to multiply this quantity by the number of firms in the industry, which we are not given. However, meaning they cannot affect the market price with their individual actions.
Therefore, the long-run equilibrium price in this perfectly competitive industry is $12.
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A _____ is a comparison of the number of applicants at one stage of the recruiting process to the number at the next stage. a. yield ratio b. hit rate c. progression rate d. success base rate
Answers
A Yield ratio is a comparison of the number of applicants at one stage of the recruiting process to the number at the next stage. The correct option is a.
A yield ratio is a measure used in the recruitment process that compares the number of applicants at one stage of the process to the number of applicants who move on to the next stage. A yield ratio is a human resources metric used to measure the effectiveness of a recruiting process. It is calculated by dividing the number of applicants who successfully complete one stage of the process by the number of applicants who started at that stage.
Yield ratios are used by organizations to track the effectiveness of their recruitment efforts and to identify areas where improvements can be made. The correct option is a.
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The following table shows the salary of 7 people in an office last year.
Name Income Andy £9500 Bevan £25000 Cheryl £13250 Deva £72000 Elliott £12750 Frankie £29500 Grace £11000 a) Work out the mean income to 2 DP.
b) Deva was given a large bonus for 30 years service.
Excluding Deva's income, what was the mean income for the remaining 6 workers to 2 DP?
Answers
Answer:
£16,833.33
Explanation:
The computation of mean income is shown below:-
Mean income = Total sum of salaries ÷ Number of workers
= £9,500 + £25,000 + £13,250 + £72,000 + £12,750 + £29,500 + £11,000
= £173,000 ÷ 7
= £24,714.29
Now, the Mean income excluding Deva's salary:
Mean income = Mean income
= Total sum of salaries excluding Deva salary ÷ Number of workers
= (£9,500 + £25,000 + £13,250 + £12,750 + £29,500 + £11,000) ÷ 6
= £101,000 ÷ 6
= £16,833.33
We simply applied the above formulas
customer orientation Definition
Customer orientation is a modern business approach adopted by businesses for increasing their sales by satisfying the changing wants and needs of a customer. In this approach, businesses focus more on the customer than the company itself. This approach leads an organization to do better for the consumer in order to retain their customer base.
Answers
Customer orientation is a business strategy that emphasizes the importance of customer satisfaction. It is the practice of focusing on the wants and needs of the customer in developing products, services and experiences that meet or exceed their expectations.
This approach to business involves understanding customer needs, designing products and services that meet those needs, and building customer relationships that foster loyalty and repeat business. Customer orientation enables businesses to create a competitive advantage by providing superior service and value to customers. Ultimately, customer centricity is an essential part of any successful business, as it leads to increased customer satisfaction, loyalty and increased sales.
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ABC Ltd had investment of Rs 68,000 as on 31.3.2013 and investment of Rs 56,000 as on 31.3.2014. During the year ABC Ltd sold 40% of its investments being held in the beginning of period at a profit of Rs 16,800. Determine cash flow from investing activities.
Answers
ABC Ltd had investment of Rs 68,000 as on 31.3.2013 and investment of Rs 56,000 as on 31.3.2014. the cash flow from investing activities was Rs 44,000.
What are investing activities.?Generally, Investing activities are actions taken by a business or individual to acquire or dispose of assets in order to increase their wealth. These activities can include the purchase of stocks, bonds, mutual funds, real estate, or other types of investments. Investing activities are typically undertaken with the goal of generating income or capital appreciation over time.
To determine the cash flow from investing activities, we need to calculate the amount of cash that ABC Ltd received from selling its investments.
The investment at the beginning of the period was Rs 68,000. If 40% of this investment was sold, then the amount sold was 40/100 * Rs 68,000 = Rs 27,200.
The profit from the sale of these investments was Rs 16,800, so the total cash received from the sale was Rs 27,200 + Rs 16,800 = Rs 44,000.
Therefore, the cash flow from investing activities was Rs 44,000.
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Type the correct answer in the box. Spell all words correctly. What do inventory firms use when moving delicate products? Inventory firms use________ belts when moving delicate products.
its not multiple choice- need help!
Answers
Answer:
conveyor belts
Explanation:
A conveyor belt is a moving band, e.g. a conveyor belt is used in airports when you are retrieving your luggage after you arrive to your destination. They can be used to transport bulk materials or delicate products. Their length also varies, since they can be very short, e.g. just a few feet, to very long, e.g. transport goods for many yards.
Real gdp is $8,000, autonomous consumption is $500, and planned investment spending is $200. the marginal propensity to consume is 0.8. income–expenditure equilibrium is achieved when gdp is:_____.
Answers
Income–expenditure equilibrium is achieved when gdp is $875.
Hence, The equilibrium GDP is $875. The income-expenditure equilibrium occurs when the total planned spending in the economy equals the real GDP.
To find the equilibrium GDP, we need to determine the total planned spending.
Autonomous consumption is the consumption that does not depend on income. In this case, it is given as $500.
The marginal propensity to consume (MPC) is the change in consumption resulting from a change in income. It is given as 0.8, which means that for every $1 increase in income, consumption increases by $0.80.
Planned investment spending is the amount businesses plan to invest, which is given as $200.
To calculate the total planned spending, we add autonomous consumption and the product of MPC and GDP:
Total planned spending = Autonomous consumption + MPC * GDP
Total planned spending = $500 + 0.8 * GDP
At equilibrium, total planned spending is equal to real GDP:
Real GDP = Total planned spending
$8,000 = $500 + 0.8 * GDP
Now, we can solve for GDP:
$7,500 = 0.8 * GDP
GDP = $7,500 / 0.8
Using the formula, GDP = Total planned spending / MPC, we can calculate:
GDP = ($500 + $200) / 0.8
GDP = $700 / 0.8
Therefore, the equilibrium GDP is $875.
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Which of the following best exemplifies structural unemployment?
A college graduate is looking for her first job.
An unemployed electrician does odd jobs for cash on the weekends.
A surveyor was laid off when his company relocated to the Midwest.
A real estate agent is looking for a new brokerage that pays better commissions.
A high school student who worked part-time at Chick-Fil-A® was laid off when sales fell.
Answers
Answer: A surveyor was laid off when his company relocated to the Midwest is an example of structural unemployment .
Explanation: Structural unemployment occurs due to job relocation, skill mismatches, rapidly growing population, slow rate of capital formation, demand for labor fall short.
And also due to the fundamental changes in the structure of the economy.
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If a company pays an energy consultant just for a set period to complete a
job, the consultant is not actually a permanent employee.
True
False
Answers
........
Read the graph from "Career Planning for High Schoolers. " Bar graph of occupations from 2013. According to the graph, what is the approximate annual mean wage for gaming managers? $75,000 $100,000 $80,000 $45,000.
Answers
The annual mean wage for the managers that was illustrated in the graph is A. $75000.
From the chart, it can be seen that the approximate annual mean wage for gaming managers is $75,000.
From the complete information, it should be noted that the main conclusion that can be deduced from the information on the chart is that majors in engineering and technology lead to above-average salaries.
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Answer:
THE ANSWER IS 75,000 DOLLARS WAGE IN THE GRAPH.
Explanation:
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Creating an anonymous complaint or grievance process is something
employers can implement to prevent which of the following?
O A. Layoffs
B. Harassment
C. Taxed income
D. Arguments
Answers
hope I could help goodluck
The total cost of an item including sales tax is directly proportional to its price. If the total cost of a item is , what is the total cost on a item?.
Answers
The cost of a product, including sales tax, is directly inversely proportional to its price. If an item has a cost, what is the total cost of the thing? Total cost is $61.8.
What's an illustration of proportion?If the ratio is constant, a relationship is said to be proportionate. For instance, the ratio of proportionality is the average number of apples per tree, and the quantity of branches in an orchard affects the yield of a crop.
Since we are aware that an item's price is precisely proportionate to its total cost (including sales tax), we may express this as follows:
Total cost ∝ price
To change this proportionality into an equality, we need a constant so it will be:
Total cost = k * price
Finding k when total cost is $25.75 and price is $25:
25.75 = k * 25
k = 1.03
Finding the total cost when price $60:
Total cost = 1.03 * 60
Total cost = $61.8
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Monopoly profit will _____ when a monopolist goes from single-price monopoly to perfect price discrimination.
Answers
Monopoly profit will charge different when a monopolist goes from a single-price monopoly to perfect price discrimination.
Discrimination approach treating some humans differently from others. It is not illegal - after all, people are paid one-of-a-kind wages relying on their popularity and abilities. however, there are positive motives for which your company can not discriminate against you by regulation. If someone discriminates in a good way to satisfy a few other individuals' wishes, it's also discrimination.
An example of this is a landlord who refuses to permit a person with a sure incapacity to rent a rental because the alternative tenants do not want to have a neighbor with that disability. Discrimination takes place whilst people are dealt with less favorably than different humans are in a comparable scenario most effective due to the fact they belong or are looking as if it would belong to a positive organization or class of human beings.
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The Accessories Outlet has total equity of $257,000, sales of$508,000, and a profit margin of 3.5 percent. What is the return onequity?
a. 1.77 percent
b. 2.32 percent
c. 4.58 percent
d. 6.92 percent
e. 8.14percent
Answers
Profit = Sales x Profit margin
Profit = $508,000 x 3.5% = $17,780
The return on equity can be calculated as:
Return on Equity = Profit / Total Equity
Return on Equity = $17,780 / $257,000 = 6.92%
Therefore, the answer is d. 6.92 percent.
The return on equity (ROE) is a measure of profitability that indicates how much profit a company generates with the money shareholders have invested. To calculate the ROE, we need to divide the net income by the total equity. In this case, the profit margin is given as 3.5 percent, which means that the net income is 3.5 percent of the sales revenue.
Therefore, the net income can be calculated as $508,000 x 0.035 = $17,780. To find the ROE, we divide the net income by the total equity: $17,780 / $257,000 = 0.069 or 6.9 percent. Therefore, the closest option is c. 4.58 percent, which is lower than the actual ROE of 6.9 percent. Option e. 8.14 percent is too high. 1. Determine the net income: Multiply the sales ($508,000) by the profit margin (3.5% or 0.035) to find the net income.
Net Income = $508,000 * 0.035 2. Calculate the return on equity (ROE): Divide the net income by the total equity ($257,000) and multiply by 100 to get the percentage.
ROE = (Net Income / $257,000) * 100 Now, let's perform the calculations:
1. Net Income = $508,000 * 0.035 = $17,780
2. ROE = ($17,780 / $257,000) * 100 = 6.92%
So, the return on equity for The Accessories Outlet is 6.92%.
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Charlie likes both apples and bananas. he consumes nothing else. the consumption bundle where charlie consumes xa bushels of apples per year and xb bushels of bananas per year is written as (xa, xb). last year, charlie consumed 20 bushels of apples and 5 bushels of bananas.
Answers
Answer:
the question is incomplete:
It happens that the set of consumption bundles (xA,xB) such that Charlie is indifferent between (xA,xB) and (20,5) is the set of all bundles such that xB = 100/xA. The set of bundles (xA,xB) such that Charlie is just indifferent between (xA,xB) and the bundle (10,15) is the set of bundles such that xB = 150/xA.
I also found the attached graph.
The requirements are:
Is (30,5) ≈ (10,15) true or false? Is (10,15) > (20,5) true or false? Is (20,5) ≥ (10,10) true or false? Is (24,4) ≥ (11,9.1) true or false? Is (11,14) > (2,49) true or false? A set is convex if for any two points in the set, the line segment between them is also in the set. Is the set of bundles that Charlie weakly prefers to (20,5) a convex set? Is the set of bundles that Charlie considers inferior to (20,5) a convex set? The slope of Charlie’s indifference curve through a point, (xA,xB), is known as his ______________ ___ of ___________ at that point. Find Charlie’s marginal rate of substitution at the point (10,10). Find Charlie’s marginal rate of substitution at the point (5,20). Find Charlie’s marginal rate of substitution at the point (20,5). Do the indifference curves you have drawn for Charlie exhibit diminishing marginal rates of substitution?Answers:
true, they are on the same red linetrue, (10,15) is on the red line while (20,5) is on the blue linetrue, they are equivalent since both are on the blue linefalse, (11,9.1) is on the blue line and (24,4) is on the red linetrue, (11,14) is on the red line while (2,29) is on the blue portionyes, it is a convex set no, they are not a convex setThe slope of Charlie’s indifference curve through a point, (xA,xB), is known as his RATE of SUBSTITUTION at that point. marginal rate of substitution at (10,10) = -10/10 = -1marginal rate of substitution at (5,20) = -20/5 = -4marginal rate of substitution at (20,5) = -5/20 = -1/4 = -0.25yes, this curves shows diminishing marginal rates of substitutions, e.g. goes from -4 to -1 to -0.25
please help
Why is engaging communication a two-way process?
Answers
Answer:
Two-way communication allows both participants to exchange ideas, they can develop a sense of mutual understanding. The result is a better relationship between them. Increase effectiveness
Effective communication depends on the proper understanding of the message by the sender and receiver.
Explanation:
Hope you can helpHow does Hurricane Katrina illustrate the problem with insurance?
Answers
Answer:How does Hurricane Katrina illustrate the problem with insurance? It illustrates the problem with insurance because it was a wide spread disaster for many people. ... It's not like insurance companies have an unlimited supply of money so they often declined a lot of people's claims. This was often very discriminating too
Explanation:mark brainliest ineed 2 more
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
View filters may be applied retroactively to any data that has been processed.
Answers
View filters van be applied retroactively to processed data. Therefore, it's true.
What is data?It should be noted that data simply means the facts and statistics that are collected together for reference or future analysis.
In this case, view filters may be applied retroactively to any data that has been processed.
In conclusion, it's true.
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Please post detailed answers to the following questions. Please use complete sentences.
You may have noticed that honesty and ethics are important in finance and business careers. Why is this so important?
Answers
Answer:
see below
Explanation:
Ethics are a set of regulations and that guide people's behaviors. They are a set of generally accepted behavior in society. Ethics in business refers to the deliberate efforts to do the right thing.
Honesty and ethics are important in finance and business careers due to the following reasons
Asset Protection and AssuranceFinance and business professionals deal with sensitive information. They have access to financial records, accounting records, and personal shareholders and employees' records. Honesty and integrity are essential to ensure that the reports they present are accurate and reliable.
The majority of fraudulent activities originate from finance and business departments. Having employees of high integrity in those units will help protect business assets and assure the reliability of financial data.
2. Public Image and Brand Value Increases
Honest and ethical workers add to the goods reputation of a company. Business partners and customers will feel more confident transactions with the company. The company's brand image and value increase in the eyes of the public.
3. Team Work develops:
Honest workers have a relatively easy time working with others. Teamwork increases when employees work responsibly and as expected.
State the purpose of assets
Answers
Answer:
Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations. An asset can be thought of as something that, in the future, can generate cash flow, reduce expenses or improve sales, regardless of whether it's manufacturing equipment or a patent.
Explanation:
Hope this helps!
Help me please I’m gonna cry if I don’t finish this
Answers
Answer:
this is your answer
8.490
2.288
(16.300)
2.750
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Explain what diversification means and how it can help manage risk. (Answer in 3-5
sentences)
Answers
Answer:
See below
Explanation:
Diversification involves investing in different and diverse classes of assets. In diversification, the investor opts to spread his capital in several investment options rather than focusing on one investment vehicle.
Diversification is a risk management strategy. Since investments are spread in different classes of assets, the investor does not suffer total losses should the market progress in the unexpected direction one class of investments. Investment tools do not react the same to market events. In the case of uncertainties, some investments will make losses and other profits. This way, the investor's capital will not be wiped out.