Solve for x | 2x-1| +4 = 8
1 answer:
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Answer:
107,426, bigger
Step-by-step explanation:
Given that a soccer ball manufacturer wants to estimate the mean circumference of soccer balls within 0.05 in.
Margin of error = 0.05 inches
Since population std deviation is known we can use z critical value.
(a) i.e. for 99% confidence interval
Z critical = 2.58
A minimum sample size of 107 needed.
b)
Here minimum sample size = 426
Due to the increased variability in the population, a bigger sample size is needed to ensure the desired accuracy.
Answer:
1. a. 117.
2. $2,051.48
3. 592.82
4. 1472.01
5. d. 4116.11
6. d. 24
Step-by-step explanation:
Economic Order Quantity :
Economic order quantity is
EOQ = 117
2. ordering cost :
( total demand / EOQ ) * Ordering cost
( 600 / 117 ) * 400 = $2051.28
3. Holding cost :
Total demand * holding cost per unit
= 592.82
Reorder Point = Daily Demand * lead time
Reorder point = 600 / 350 * 14 = 24