This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Show the total cost expression and calculate the EOQ for an item with holding cost rate 18, unit ... (Read 232 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
on: Jun 24, 2018
Show the total cost expression and calculate the EOQ for an item with holding cost rate 18, unit cost 8.00, annual demand of 40000, and ordering cost of 48.

Question 2

Seven students have applied for merit scholarships. This year 3 merit scholarships were awarded. If a random sample of 3 applications (from the population of 7) is selected,
 a. what is the probability that 2 students were recipients of scholarships?
  b. what is the probability that no students were the recipients of scholarship?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 24, 2018
Answer to Question 1

TC = (1/2)Q(.18)(8) + 40000(48)/Q
Q = 1633

Answer to Question 2

a. 0.2143
b. 0.1143


kshipps

  • Member
  • Posts: 571
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Siberian Yupik woman holding walrus tusks Siberian Yupik woman holding walrus tusks
Adults in the Berlin Study of Aging show earlier declines on tests of nonverbal, fluid tasks (upper ... Adults in the Berlin Study of Aging show earlier declines on tests of nonverbal, fluid tasks (upper ...
Two woodcuts from Darwin’s 1872 book, The Expression of Emotions in Man and Animals, that he used ... Two woodcuts from Darwin’s 1872 book, The Expression of Emotions in Man and Animals, that he used ...
How to calculate monthly mortgage payments at varying amortization periods (Question 1) How to calculate monthly mortgage payments at varying amortization periods (Question 1)
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Calculate the velocity of the red rock after collision Angle measured counterclockwise from the ... Calculate the velocity of the red rock after collision Angle measured counterclockwise from the ...
Video: Regulation of GFR: three methods, autoregulation & autoregulation via myogenic mechanism

For a complete list of videos, visit our video library