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Cue, Materials Management Specialist for Cue's Custom Billiard Balls, periodically needs to place orders for ivory, one of the raw materials used in producing billiard balls. Mr. Cue knows that manufacturing uses ivory at a rate of 50 kilograms each day, and that it costs $ .04 per day to carry a kilogram of ivory in inventory. He also knows that the clerical costs for placing an order for ivory are $100.00 per order, and that the lead time between placing and receiving each order is four days. Assume 250 days in one year.If Mr. Cue were to order 1000 kilograms (instead of EOQ) of ivory at a time, what would be the length of the cycle between orders?
a. 5 daysb. 10 daysc. 15 daysd. 20 dayse. 25 days
Finding the probability that a randomly selected cat will cost more than a randomly selected dog in terms of their annual medical costs.
The mean weight of cereal in its 18 ounce boxes is less than 18 ounces. The computer display is shown below. Using a significance level of 0.05, what is your conclusion from these data?
State the Null and Alternative Hypotheses. Determine the test statistic. Determine and interpret the p-value
A business researcher uses two-way ANOVA in a report for a client. The researcher does not check the assumptions of using the technique.
A human resources director, on learning about the regression effect, decides to hire people who have been fired by their previous employer for poor performance.
The diameters of oranges in a certain orchard are normally distributed with a mean of 5.26 inches and a standard deviation of 0.500 inches.
A and B are two intersecting sets, and a, b, ab, and x represent the usual symbols for the number of elements contained in the four defined areas of the associated Venn Diagram. Find the values of ab and a if:
The Quick Change Oil Company has a number of outlets in the Seattle area. The daily number of oil changes at outlet in past twenty days are:
This means that if green, yellow and violet are used to identify one line, then yellow, green, and violet (or any other combination of these three colors) cannot be used to identify another line.
Determine z score corresponding to minimum height requirement and determine z score corresponding to maximum height requirement.
Discuss what is meant by mean, median, mode, variance, and standard deviation for a set of scores. Also mention under what circumstance you would use each of these.
Suppose a study is constructed to test a claim, at a 0.05 signifigance level that a population proportion is 40%. A simple random sample of 750 subjects has a proportion of 42%.
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