Data Understanding and Communication Knowledge and skills for Trainers and Teachers in VET and HE
In principle, if random processes develop, the optimistic model provides the greatest profit and benefit. However, this is only worth embracing if the firm have enough reserves to do it. If there are not enough reserves, the model for pessimistic estimates should be chosen. What model shoud be developed?
he following questions needs further clarification: What improvements need to be made to bring the total revenue to at least EUR 120000? What production plan should be chosen for the introduction of a new product, assuming that the brewery’s loss due to each unit of revenue loss is EUR 1 and each additional tonne of …
After having collected the data (see case 2.1) to answer the final questions (see case 1.3) we should find the way of analysing them. In order to answer the Preparatory Committee questions with purely mathematical tools, it must use statistical estimation methods to prepare the model of the optimal product structure. What models should be …
What are the data needed to answer the following final questions: By building a given liqueur production capacity, assuming a given market price, in how many years can a total revenue of EUR 120000 be achieved? The use of malt stock for liqueur production trivially reduces brewing capacity. Is the question worth asking in what …
How to communicate the findings of DUCK Beer Module 2 skill 4?