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 109 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
Thanks for the timely response, appreciate it

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

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.

Population predictions for 2000–2050, using three different total fertility rates ( Population predictions for 2000–2050, using three different total fertility rates (
Controlled cold compression unit. Controlled cold compression unit.
Fluidization - Reaction Rate Chart Fluidization - Reaction Rate Chart
Effleurage to pectoral muscles using fist. Lift the arm, holding just below the wrist. Apply ... Effleurage to pectoral muscles using fist. Lift the arm, holding just below the wrist. Apply ...
How to convert units of any rate to another (Part 2) How to convert units of any rate to another (Part 2)
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Video: Nucleic acid digestion -small intestine

For a complete list of videos, visit our video library