A all squares have the sides
Summary of information:
total output = 3600 units per year
split into 18 equal orders
cost per order = $40
cost to store a unit for one year = $20
lead time (i.e. storage before shipping) = 5 days
Solution:
quantity split into 18 orders, so 3600/18= 200 units per order.
Order cost = $40 * 18 orders = $720 ..........................(A)
Storage cost:
Each order has 200 units, stored for 5 days = 200*5=1000 unit-days
storage needed for 18 orders = 1000*18 = 18000 unit-days = 50 unit-years
Total storage cost = 50 unit-years * $20 / unit year = $1000...........(B)
Total ordering cost = (A) + (B) = $720+$1000 = $1720
Imagine 2 as 2.0 and add 3.5 and that equals 5.5 add 3.5 equals 9.0. the anser is no because 5.5 it says equals 9.9 but it makes 9.0
To solve this problem you have to find out what the value of +/- Z is that encloses 95% of the area under the normal distribution curve. For this you can use this formula: Please see the attached image.
Find the upper and lower limits of x, corresponding to +Z and -Z respective.
<span>I hope this helps, Regards.</span>
