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 231 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
Great answer, keep it coming :)

Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

A compression gauge designed for the higher compression rate of a diesel engine should be used when ... A compression gauge designed for the higher compression rate of a diesel engine should be used when ...
How to calculate the probability of complementary events How to calculate the probability of complementary events
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Calculate the atomic mass of element Calculate the atomic mass of element
The results of a cytogenetic survey of over 4,000 miscarriages show a wide variation in how often sp The results of a cytogenetic survey of over 4,000 miscarriages show a wide variation in how often sp
Video: Gastroesophageal Reflux Disease (GERD)

For a complete list of videos, visit our video library