P 5-6 (LO 5.1, 5.4) The cost of a car battery is a major component... The cost of a car battery is a major component of the cost of an electric car. Required: Which confirmatory analytics techniques (including prescriptive analytics and predictive analytics) should a business analyst use to answer the following questions? Example of Analytics a. What is a battery manufacturer's break-even level of sales, based on the falling prices of car batteries? b. Should the cost of a car battery be a fixed cost or a variable cost at Tesla? c. How do profit margins change at differing levels of car battery prices at Rivian, an electric truck manufacturer (and a competitor to Tesla in the electric car space)? Confirmatory Analytics Techniques

Step 1: Define business analytics

Step 2: Explain the confirmatory analytics techniques a business analyst uses to answer the questions

Solution