Question

Create a Two-Variable Data Table

a. Open NationalHlpDsk.xlsx and save it with the name 5-NationalHlpDsk.
b. Create a two-variable data table that calculates the average cost per call in the data table for each level of total call minutes logged and at each average cost per minute.
c. Save, preview, and then close 5-NationalHlpDsk.xlsx.

Answer 1

A business table typically includes output, total cost, marginal cost, average cost, variable cost, and average variable cost to analyze a company's financial performance and guide decision-making.

Step-by-step explanation:

When creating a table for business analytics, specific financial metrics are essential for evaluating the company's performance. The table should include columns for the company's output, total cost, marginal cost, average cost, variable cost, and average variable cost. These metrics help in analyzing costs and making informed business decisions. Output: The quantity of goods or services produced. Total Cost: The sum of all costs incurred in the production of goods or services.

Marginal Cost: The additional cost of producing one extra unit of output. Average Cost: The total cost divided by the number of units produced, often referred to as unit cost. Variable Cost: Costs that vary depending on the level of production output. Average Variable Cost: The total variable cost divided by the number of units produced. These components offer insights into the company's cost structure and efficiency, assisting in the strategic planning and pricing processes.