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ELEN [110]
3 years ago
10

Planning to finance higher education helps people prepare for their financial future because it teaches them about

Business
2 answers:
loris [4]3 years ago
8 0

funds management and loans.

defon3 years ago
4 0
Funds management and loans.
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Match each item with a statement below. 1. Defines roles and responsibilities for information security 2. Too risky for most bus
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1 and 6,  3 and 4, 8 and 9, 2 and 7

Explanation:

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The cost for a carton of milk is $3, and it is sold for $5. When the milk expires, it is thrown out. You also know that the mean
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Answer:

a) $3

b) $2

c) 1449

Explanation:

Given:

The cost for a carton of milk = $3

Selling price for a carton of milk = $5

Salvage value = $0        [since When the milk expires, it is thrown out ]3

Mean of historical monthly demand = 1,500

Standard deviation = 200

Now,

a) cost of overstocking = Cost  for a carton of milk - Salvage value

= $3 - $0

= $3

cost of under-stocking = Selling price - cost for a carton of milk

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b)  critical ratio = \frac{\textup{cost of under-stocking }}{\textup{cost of overstocking + cost of under-stocking }}

or

critical ratio = \frac{\textup{2}}{\textup{3 + 2}}

or

critical ratio = 0.4

c) optimal quantity of milk cartons = Mean + ( z × standard deviation )

here, z is the z-score for the critical ration of 0.4

we know

z-score(0.4) = -0.253

thus,

optimal quantity of milk cartons = 1,500 + ( -0.253 × 200 )

= 1500 - 50.6

= 1449.4 ≈ 1449 units

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</span>Decision making<span> is the process of </span>making<span> choices by identifying a </span>decision. The process has 7 steps.
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