Author Question: A data point (observation) that does not fit the trend shown by the remaining data is called a(n) ... (Read 206 times)

Destiiny22 · **on:** Jun 24, 2018

A data point (observation) that does not fit the trend shown by the remaining data is called a(n) _____.
a. residual
b. outlier
c. point estimate
d. None of the answers is correct.

Question 2

For the EOQ model, which of the following relationships is incorrect?
a. As the order quantity increases, the number of orders placed annually decreases.
b. As the order quantity increases, annual holding cost increases.
c. As the order quantity increases, annual ordering cost increases.
d. As the order quantity increases, average inventory increases.