Answer:
Step-by-step explanation:
Given
Company Produces and sells 211600 boxes of T-shirt each year
Fixed cost =$ 400
Additional cost = $ 3 per box
storage cost =$ 2
let x be the no of production run
therefore
Holding cost per year
yearly ordering cost
Total cost C(x)
differentiate C(x) w.r.t to x we get
Put to get max/min value
therefore 46 runs must be performed
Answer:
The monthly payment will be $531.12
Step-by-step explanation:
Consider the provided information.
After paying $5,000 down payment you need to pay:
$29,000-$5,000=$24,000
APR is 2.99% or APR = 0.299%
Therefore,
n = 48
We can calculate the monthly payment by using the formula:
Where P is the monthly payment, PV is the present value, r is the rate per period and n is the number of period.
Substitute the respective values in the above formula we get,
Hence, the monthly payment will be $531.12
Answer:
Option C - Do not reject the null hypothesis. There is not sufficient evidence that the true diameter differs from 0.5 in
Step-by-step explanation:
We are given;
n = 15
t-value = 1.66
Significance level;α = 0.05
So, DF = n - 1 = 15 - 1 = 14
From the one-sample t - table attached, we can see that the p - value of 0.06 at a t-value of 1.66 and a DF of 14
Now, since the P-value is 0.06,it is greater than the significance level of 0.05. Thus we do not reject the null hypothesis. We conclude that there is not sufficient evidence that the true diameter differs from 0.5 in.
