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Answer:
The question puts
Mean demand to be 20000
Standard deviation to be 10000
Storage cost = 60-30= 30
Excess cost to be 30+5-25 = 10
For shipping to south america
Excess cost = 30+5+5-35 = 5 dollars
A.
It is of more benefits to ship to south america because we have an excess cost of 5 dollars and excess clearance cost of 10 dollars
B.
Production and profitability are high for south america. Please check attachment for the calculations I added
C.
Number of units
27142-20000
= 7142 units.
Answer:
savings accounts or checking accounts
Answer:
<em>Hypothesis Testing</em>
Explanation:
<em>The use of statistics to assess the probability of a given assumption being accurate </em>is <u>hypothesis testing</u>. The typical hypothesis testing process is made up of four stages.
- Establish the hypothesis null.
- Recognize a test metrics which can be used to determine the null hypothesis truth.
- Calculate the P-value, that is the likelihood that if the null hypothesis is true, a test result would be obtained at least as large as the one observed.
- Measure the p-value with an appropriate alpha value.
Answer:
elastic.
Explanation:
The advertising elasticity of demand measures how sensitive a market and sales are to marketing expenses. Advertising elasticity is calculated by dividing the change in quantity demanded by the percentage change in advertising expenses. Generally products with low advertising elasticity tend to have elastic demands.
