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Use of t -tables
Similar to normal curve tables there exist t- distribution tables. However whereas the properties of the normal curve are constant for all normal curves the t- distribution varies according to the number of items in the sample. These tables therefore contain values for all possible sample sizes up to 30, and are given with reference to the degrees of freedom.
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Given an inventory system where Yearly demand = 120 units Ordering cost = Sh. 45 Price per unit = Sh. 200 Annual carrying cost = 24% of the unit cost Determine The economic or
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