Develop estimate for the annual holding cost per unit

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Reference no: EM131766961

1. If Lee wants to be 95% confident that your estimate is within an absolute error range of plus or minus 2 percent, how many observations should you make?

2. What other considerations do you think are important for Lee to know before she decides to give you the go-ahead to actually carry out the study?

3. Develop an estimate for the annual holding cost per unit for the supplier’s offer.

Reference no: EM131766961

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