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Author Question: A data point (observation) that does not fit the trend shown by the remaining data is called a(n) ... (Read 163 times)

Destiiny22

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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.


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jharrington11

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Reply #1 on: Jun 24, 2018
Answer to Question 1

b

Answer to Question 2

C


Destiiny22

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

pangili4

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Reply 3 on: Yesterday
Wow, this really help

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