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A bakery buys sugar in 15-pound bags. The bakery uses 5000 bags of sugar each year. Carrying costs are $20 per bag per year. Ordering costs are estimated at $5 per order. Assume that the bakery is open 250 days a year and its daily demand is estimated at 20 bags. It takes 5 days for each order of sugar to be filled. What is the total cost of ordering and carrying sugar?
$50 $100 $25 $1000 $500
A confidence interval increases in width as:
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at a small college the probability that a student takes physics and sociology is 0.092. the probability that a student
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