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Author Question: For the given Newsvendor model, which of the following is defined as the decision variable? A) ... (Read 62 times)

storky111

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For the given Newsvendor model, which of the following is defined as the decision variable?
 
  A) Demand with lower bound 50 and upper bound 60
  B) Purchase quantity with lower bound 50 and upper bound 60
  C) Surplus quantity with lower bound 50 and upper bound 60
  D) Profit with lower bound 50 and upper bound 60

Question 2

If the difference between the means of paired samples is found to be zero, this would mean that ________.
 
  A) the means need to be adjusted with the population correction factor
  B) the margin of error is high
  C) there is no bias involved in the sample
  D) the confidence interval needs to be changed


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stanleka1

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storky111

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


Joy Chen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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