1.Perfect competition is important to study because it: a. is a theoretical extreme used for analysis.b. is a realistic model of a few key markets.c. is a realistic model of many different markets.d. avoids all real-world problems and complexities.
Self-Quiz 4
1.When is FMEA most useful? a. There is a correlation between two measured variablesb. There are a lot of special cause variationsc. A process or product is being designed or redesignedd. There are a lot of common cause variations
Self-Quiz 3
1.Which of the following statements is false? a. The income effect of normal goods counters the substitution effect so the demand curve is upsloping.b. The income effect and the substitution effect reinforce each other when there are price changes for
Self-Quiz 3
1.What must we do before engaging in a process capability evaluation? a. We must decrease the process’ central tendencyb. We must improve inspection of nonconformityc. We must eliminate all special cause variationsd. We must consult with the process owners
Self-Quiz 2
1.The law of demand implies that: a. consumers are not responsive to price changes.b. consumers will, all other things unchanged, buy more at lower prices.c. sellers will, all other things unchanged, offer more on the market at higher prices.d. sellers
College Algebra, Week 3, Task 2
Reflect on the concept of polynomial and rational functions. What concepts (only the names) did you need to accommodate these concepts in your mind? What are the simplest polynomial and rational function you can imagine? In your day to day,
College Algebra, Week 3, Task 1
Please check the expression and answer the following questions. With the help of zeros, asymptotes, domain, and range, try to plot the function without the Desmos graph-making tool, then plot the same with the Desmos graphing tool, and check if
College Algebra, Week 2, Task 3
1. Determine whether the lines given by the equations below are parallel, perpendicular, or neither. Also, find a rigorous algebraic solution for each problem. To determine whether the given lines are parallel, perpendicular, or neither, we can compare their slopes.
College Algebra, Week 2, Task 2
Reflect on the concept of lines and quadratic functions. What concepts (only the names) did you need to accommodate the concept of lines and quadratic functions in your mind? What are the simplest line and quadratic function you can imagine?
College Algebra, Week 2, Task 1
Lines can be used to approximate a wide variety of functions; often a function can be described using many lines. If a stock price goes from $10 to $12 from January 1st to January 31; from $12 to $9 from