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Southeastern Bell stocks a certain switch box at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,000 units. Southeastern estimates its annual holding costs for this item to be $25 per unit. The cost to place and process an order from the supplier is $75. The company operates 300 days per year and the lead-time to receive an order from the supplier is 8 working days.
a) Find the economic order quantity.
b) Find the annual holding costs.
c) Find the annual ordering costs.
d) What is the reorder point?
The standard deviation in cash bonuses is $15,618 and the standard deviation in annual pay is $28,077. The estimated slope of best fitting line relating x and y is?
Find out a 95 percent confidence interval for population mean.
Compare 2 moving averages using MSE and compute Exponential smoothing. The subsiquent data which represents demand for company ABC's products for the last 10 months.
At the 5 percent level of significance, does this sample prove a violation of the guideline that the average patient should pay no more than $250 out-of-pocket? State your hypotheses and decision rule.
Jon Molnar will graduate from Carolina Forest High School this year. He took the American College Test (ACT) for college admission and received a score of 30.
Discuss how the null and alternative hypothesis for one-sample testing differs from two-sample testing; and explain how these two hypothesis' are the same, and provide a numerical example?
Multiple comparison procedures are going to be done using the Bonferroni method with = 0.05. The value of t** is 2.4667. Which of the following is the appropriate conclusion from carrying out these multiple comparisons?
Three scholarships are available for students. Their values are: $2,000, $2,400, $3,000. Twelve students have applied and no student may receive more than one scholarship. Assume all twelve students are in needs of the funds, how many different..
Let independent variable x represent years since 1950. Determine quadratic regression model for per capita cigarette consumption.
Machine which fills quart milk cartons is set up to average 32.2 oz per carton, with standard deviation of 1.2 oz. Determine probability that filled carton will contain less than 32 oz of milk?
A monthly report to the Texas Department of Health, division of Water Hygiene, contained the following water production data in thousands of gallons:
Appalachian Coal mining believes it can enhance labor productivity and therefore net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is.
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