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Suppose that a sellers single customer periodically orders its EOQ of 200 units. suppose further that the annual demand 250,000 units, the sellers setup cost is $500 per order, and the sellers annual holding cost per unit is $25.00. What is the sellers optimal order quantity?
a. 200
b. 25,000
c. 1000
Given the X double bar of 4 and the standard deviation of 1, calculate the upper control and lower control limits for X bar. Assume that the sample size is 4. If 5 samples each of size 4 were taken, and their means were 4, 6, 2, 3, 3.5, would you say..
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