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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.
a firm assumes that idle time of workers in construction projects is 72 minutes give or take 20 minutes. a random
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researchers studied the effects of adding an exercise program to dieting in the achievement of weight loss. a sample of
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Exponential distribution witha a mean value of 4 minutes. What is the probability that you will be served in less than three minutes on 4 of the next 6 days.
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What is the first word in the alternative statistical hypothesis for any experiment with three levels of a single IV?
you plan to conduct a survey to find what proportion of the workforce has two or more jobs. you decide on the 99
What is the Pearson correlation coefficient and how strong is the relationship - How much of the variance in the relation between these two variables is unaccounted for?
What is the likelihood of exactly four purchases? How many purchases should she expect? What is the likelihood that four or more "hits" result in a purchase?
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