Consider the following hypothesis problem. n = 14 H0: 2 < 410 ...

[stephzh]

Consider the following hypothesis problem. n = 14 H0: 2 < 410 s = 20 Ha: 2 > 410 At the 5 level of significance, the null hypothesis
 a. should be rejected.
 b. should not be rejected.
 c. should be revised.
 d. should not be tested.

Question 2

Bank Drugs sells Jami Michelle lipstick. The Jami Michelle Company offers a 6 discount on orders of at least 500 tubes, a 10 discount on orders of at least 1,000 tubes, a 12 discount on orders of at least 1,800 tubes and a 15 discount on orders at least 2,500 tubes. Bank sells an average of 40 tubes of Jami Michelle lipstick weekly. The normal price paid by Bank drugs is 1 per tube. If it costs Bank 30 to place an order, and Bank's annual holding cost rate is 27, determine the optimal order policy for Bank Drugs.

[Silverbeard98]

Answer to Question 1

b

Answer to Question 2

Order 1000 tubes at a time

[stephzh]

Excellent

[Dominic]

Great answer, keep it coming