Above is a one-way data table for the TCO comparison between…
Above is a one-way data table for the TCO comparison between buying a Tesla and buying a Chevy. The first row indicates different assumptions for how many miles the owner will drive per year. The second row calculates the TCO for Tesla minus the TCO for Chevy. What does this data table tell us? (more than one may apply)
Read DetailsAn analyst conducted parametric cost modeling and found the…
An analyst conducted parametric cost modeling and found the following formula (all estimates are significant): total cost = 3.5 + 1.2*weight + 2*size – 0.8*(made in Canada). In his model, (made in Canada) is a binary variable that equals 1 if the product is made in Canada and equals 0 if it is made in the U.S. Based on this analysis, we can see that products made in Canada are more expensive than those made in the U.S.
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