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- For each of the following scenarios, state whether descriptive, prodictive, or prescriptive analytics tools would most likely be used. Complete parts a through h below. a. The chief financial officer for a small manufacturing firm would like to estimate the net profit that the firm could expect over the next three years. Which analytics lools would most likely be used for this scenario? Descriptive Prescriptive Predictive
- Below is the information from a brochure for Fret-No-More Auto Insurance outlining the insurance coverage options they offer. To be considered "full" coverage, an insurance plan must include one level of coverage from each category. What is the annual premium for the full-coverage insurance plan with the highest coverage limits and the lowest deductibles available from Fret-No-More? multicolumn(3)(|c|)( Fret-No-More Auto Insurance ) Type of Insurance Coverage & Coverage Limits & Annual Premiums Bodily Injury & 25 / 50,000 & 21.35 & 50 / 100,000 & 32.78 & 100 / 300,000 & 42.10 & & Property Damage & 25,000 & 115.50 & 50,000 & 142.44 & 100,000 & 193.78 & & Collision & 100 deductible & 490.25 & 250 deductible & 343.33
- A fintech startup is evaluating its value proposition for an app that simplifies investment for beginners. To ensure alignment with customer needs, they should primarily focus on which element of value? Simplifies Design/Aesthetics Rewards Me Provides Hope
- A startup in the food delivery industry is struggling to attract investors. Which component of the Business Model Canvas should the company focus on to enhance its attractiveness to potential investors, and how could they leverage it effectively? Key Activities - Invest in technology to optimize delivery routes and reduce operational costs. Customer Segments - Target niche markets such as office lunch deliveries or late-night snacks. Revenue Streams - Introduce premium subscription services for faster delivery options. Key Partnerships - Form strategic alliances with local restaurants to expand the menu offerings.
- A startup in the food delivery industry is struggling to attract investors. Which component of the Business Model Canvas should the company focus on to enhance its attractiveness to potential investors, and how could they leverage it effectively? Customer Segments - Target niche markets such as office lunch deliveries or late-night snacks. Revenue Streams - Introduce premium subscription services for faster delivery options. Key Partnerships - Form strategic alliances with local restaurants to expand the menu offerings. Key Activities - Invest in technology to optimize delivery routes and reduce operational costs.