Economic Order Quantity
The economic order quantity, that is, the order quantity that minimizes the inventory cost is:
300 cases of tennis balls
Data and Calculations:
Sales of tennis balls for the coming year = 10,000 units
Carrying (holding) costs per case = $10
Cost of placing orders with the manufacturer = $45 per order
Economic Order Quantity (EOQ) = square root of (2 * Annual Demand/Sales * Ordering cost)/Carrying cost per case
= square root of (2 * 10,000 * $45)/$10
= square root of 90,000
= 300 tennis balls
This implies that the distributor will place about 33 orders in the coming year. With each order, the quantity placed is 300 units. This is the economic order quantity that will minimize its inventory cost for the year.
I don't understand what integer is being asked for. The question is poorly worded.
The three integers are 7, 9, 11.
4 times 7 = 28
and 3 times 11 = 33
and 28 is 5 less than 33.
Answer:
a*b = 1/2
a/ b = 8/9
Step-by-step explanation:
a = 0.66666 and b = 0.75
To multiply it we write the decimal numbers in fraction form
a= 0.666666...
Multiply by 10 on both sides
10 a = 6.66666...
a = 0.66666...
Subtract the second equation
9a = 6
divide by 9 on both sides

so 0.6666 = 2/3
Now we convert 0.75 into fraction form

Multiply top and bottom by 100 to remove decimal

so 0.75 is 3/4
a= 2/3 and b = 3/4


Answer:
Find the five number summary of the data:
Minimum = x
Quartile 1 = x
Quartile 2 (median) = x
Quartile 3 = x
Maximum = x
Then, make the plot based on that information. If you are provided with a list of data, you should be able to use a calculator to find out that information.
Answer:
The 95% confidence interval for the percent of all coffee drinkers who would say they are addicted to coffee is between 21% and 31%.
Step-by-step explanation:
In a sample with a number n of people surveyed with a probability of a success of
, and a confidence level of
, we have the following confidence interval of proportions.

In which
z is the zscore that has a pvalue of
.
The margin of error is:

A confidence interval has two bounds, the lower and the upper
Lower bound:

Upper bound:

In this problem, we have that:

Lower bound:

Upper bound:

The 95% confidence interval for the percent of all coffee drinkers who would say they are addicted to coffee is between 21% and 31%.