Author Question: Currently the firm has 80 workers who produce 800 units per quarter each. The cost per unit is 35.00 ... (Read 63 times)

K@ · **on:** Aug 1, 2018

Currently the firm has 80 workers who produce 800 units per quarter each. The cost per unit is 35.00 . The cost of holding 1 unit per quarter is 1.50 . The cost of hiring a worker is 100 . The cost of firing a worker is 500 . When using the pure chase strategy, what is the total cost for the year? The quarterly demand information is provided below. Q1:20,000 units, Q2:100,000 units, Q3:60,000 units, Q4:153,000 units
a. 11,694,000 c. 8,570,500
b. 11,889,375 d. 35,000,345

Question 2

A Type I error occurs when we:
a. reject a false null hypothesis.
b. reject a true null hypothesis.
c. don't reject a false null hypothesis.
d. don't reject a true null hypothesis.