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The local Hospital purchasing manager was contacted by new supplier, who offered a quantity discount for disposable syringes. The order cost for the item is $80 per order and holding cost is 25 % of average inventory value on an annual basis. Annual demand is 40,000 boxes at a constant rate (no seasonality).
The Hospital currently pays $80 per box of for syringes. However, the new supplier offered a $4-per-box discount if the hospital would order a minimum of 2,000 boxes at a time.
the image of the public library is constantly changing and their online services continue to grow. usage of the
A company has 25 cars of this model. What is the probability that the mean nitrogen oxide emissions of these cars is above the 0.3g/mi limit?
The following frequency table lists the sales of an item and the number of times it has occurred. It was obtained from historical records. Sales/Frequency: 10/100, 15/120, 20/300, 25/350, 30/400, 35/500, 40/300, 45/170.
One of the 100 test subjects is selected at random. Given that the person selected approves of the mayor, what is the probability that they vote democrat?
Do you think that these types of statistics can ever be accurate? How could this statistic be biased? In what ways could scientists misinterpret the results of their studies and come up with an incorrect statistic? What are your thoughts?
The following data represent survival time in days after a heart transplant and patient age in years at the time of transplant for 10 randomly selected patients.
Construct a box plot for the TIPRATE - What is the relationship between tips (TIP) and the total bill (TOTBILL) and what does the evidence indicate? Is there a tendency for customers to give "generous" or "cheap" tips relative to the total bill?
Include histogram of data and set up a confidence interval for x-bar
a train is made up of 50 railroad cars. each car made need service with probability 0.05. let x be the total number of
An insurance company is reviewing its current policy rates. When originally setting the rates they believed that the average claim amount was $1,800.
What is the probability that a call lasted between 180 and 300 seconds? What is the length of a call if only 1% of all calls are shorter?
In Tasks 1-8 you are asked to conduct some computations regarding this data. The computation should be carried out manually. All the steps that go into the computation should be presented and explained. What is the probability that a randomly selecte..
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