True of random variation, A firm uses 42,900 widgets per

True of random variation

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1. A firm uses 42,900 widgets per year and can produce 370 per day. Carrying costs are $2 and setup costs are $125. They operate 240 days per year. What is the optimal run size? Do not round intermediate calculations. Round you answer to a whole number.

2. Which of the following is true of random variation?

A) It is uncontrollable. B) It is centered around the mean. C) It is within 3 standard deviation of the mean. D) All of the above. E) None of the above

Reference no: EM131783752

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True of random variation : A firm uses 42,900 widgets per year and can produce 370 per day. What is the optimal run size? Which of the following is true of random variation?

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