Latent demand in a demand-response curve is the area obtained when?
Price is reduced below the identified optimal price
Price is increased beyond the identified optimal price
The optimal price is increased beyond the maximum available price
Quantity is reduced below the identified optimal quantity
What is the objective function of logistic regression?
Minimization of squared errors
Maximization of log-likelihood
Minimization of residuals
None of these
The relationship between Demand “D” and Selling Price “P” is given by the equation D(p) = 720 – 5*P. If the intention is to maximize the profit, then what is the optimal selling price if the item is going to be made at Rs. 20 per unit?
Sign in with Google — it is free — to see every question with its answer and explanation, practise it in learning mode, or take it as a timed mock test.
The IIT Madras BS Business Analytics (Business Analytics) Quiz 2 paper sat on 1 Dec 2024, in the September 2024 term: 20 questions for 20 marks in 120 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | Business Analytics Quiz 2 1 Dec 2024 at a glance |
|---|---|
| Term | September 2024 term |
| Subject | Business Analytics |
| Course code | BSMS2002 |
| Questions | 20 |
| Marks | 20 |
| Duration | 120 min |
| MCQ | 5 |
| Numerical | 13 |
| MSQ | 2 |
| Official paper | IIT M DIPLOMA AN EXAM QDD2 01 Dec 2024 |
| Negative marking | No negative marking. |
| Updated |
