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Demand for a popular athletic shoe is nearly constant at 800 pairs per week for a regional division of a national retailer. The cost per pair is $54. It costs $72 to place an order, and annual holding costs are charged at 22% of the cost per unit. The lead time is two weeks.
a. What is the EOQ?
b. What is the reorder point?
c. What is the cycle time?
d. What is the total annual cost?
Additionally, student should use graphing function to graph data and calculate regression equation.
Assume the probability that you will make a sale on any given telephone call is 0.11. Find the probability that you make your first sale on the fifth call, make your sale on the first, second, or third call, and do not make a sale the first three ..
Internal study by Technology Services department at Lahey Electronics disclosed company employees get the average of 2 emails per hour. Suppose arrival of these emails is approximated by Poisson distribution.
Create a scenario where the binomial probability formula could be used to determine the probability of some number of successes, x, in some given number of trials,n.
Obtain a test statistic and p -value assuming equal variances. Interpret these results.
Is there a relationship between sales and newspaper?
Pproportion who are sent to prison after pleading innocent and being found guilty? No, as the test value -1.96 is inside interval (-2.58, 2.58), No, as the test value -4.94 is outside interval (-1.96, 1.96).
Using the menu systems, request descriptive statistics (mean, s.d. and variance) for both your original variables
A researcher was interested in determining whether incentives affect the response rate in surveys. A simple random sample of 50 adult residents of a large city was selected. All were mailed a survey and promised a check upon returning a completed ..
She figures that each box costs $ 2.59 plus $ 0.21 shipping and handling, which totals $ 2.80, then she adds $ 0.70 profit to each box and sells it for $ 3.50. Do you think this is a good pricing strategy? How would it compare to marking up by a p..
If the standard deviation of the amount of coffee dispensed is 0.4oz and the amount of coffee dispensed is normally distributed.
Find or create a data set that would allow you to explain what is meant by mean, median and mode. Make sure to also show any calculations or formula necessary. Describe or provide as much information on the data set as possible.
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