What do you want to be when you a grow up? I want to be a model or a fitness model or a boxer or a professional tahitian dancer
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Answer:
Given,
Annual demand, D = 12500,
Setting up cost, S = $ 49,
Production rate per year, P = production facility × capability of production = 300 × 105 = 31500,
Holding cost per year, H = $ 0.15,
Hence,
(i) Optimal size of the production run,
(ii) Average holding cost per year,
(iii) Average setup cost per year,
(iv) Total cost per year = average setup cost per year + average holding cost per year + cost to purchase 12500 lights
= 166.44 + 166.48 + 12500(0.95)
= $ 12207.92
Answer:
The answer is below
Explanation:
A What is the probability that all 4 selected workers will be the day shift?
B What is the probability that all 4 selected workers will be the same shift?
C What is the probability that at least two different shifts will be represented among the selected workers.
A)
The total number of workers = 10 + 8 + 6 = 24
The probability that all 4 selected workers will be the day shift is given as:
B) The probability that all 4 selected workers will be the same shift () = probability that all 4 selected workers will be the day shift + probability that all 4 selected workers will be the swing shift + probability that all 4 selected workers will be the graveyard shift.
Hence:
C) The probability that at least two different shifts will be represented among the selected workers ()= 1 - the probability that all 4 selected workers will be the same shift(
)