logan asks his friends, family, teachers and coaches if they know anybody who can tell him more about a career in which he is in
2 answers:
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Answer: Expected value = $2.034
Explanation:
Total outcome = 52
Favorable Outcome = 8
Probability of drawing a card with a value of three or less =
=
=
Probability of drawing a card with a value of more than three = 1 -
=
Hence,
Expected value =
= 22.338 - 20.304
= $2.034
Answer:
Option (A) is correct.
Explanation:
Given that,
Order costs for pepperoni = $10.00 per order
Carrying costs = 4 cents per pound per day
Lead time for each order = 3 days
Pepperoni itself costs = $3.00 per pound
Total Order = 80 pounds of pepperoni
Demand rate = 20
Total ordering cost = Total order × cost per order
= 80 × $10
= $800
Length of an order cycle:
= 4 days