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1 year ago

Explain the importance of knowing dependent and independent demand models to companies.

1 answer:

8 0

The importance of knowing dependent and independent demand models to companies is that it is a way for one to be able:

To understand inventory.
Be able to depict the number of units of a specific product that the consumers are said to be willing to by at each price.

<h3>What is independent demand and dependent demand?</h3>

Independent demand is known to be the demand for a given finished product. It can be a machine, a car. etc.

The dependent demand is known to be the demand for a component area of a finished good, such as the wheels on a car.

Note that the Dependent demand is one that is obtained from the demand for a finished product.

Therefore, The importance of knowing dependent and independent demand models to companies is that it is a way for one to be able:

To understand inventory.
Be able to depict the number of units of a specific product that the consumers are said to be willing to by at each price.

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Explanation:

given data

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solution

first of all we get 95% confidence interval that is as

and here investment returns and standard deviation are attach so

95% confidence interval = Return - 2 × SD to Return + 2 × SD ................a

so here

we can see here as per table attach

here only Corporate Bonds and T-Bills will have return above 8%

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