(Answered) An item has a weekly demand of 240 units throughout the

Statistics

An item has a weekly demand of 240 units throughout the year. The item has a unit value of $42 and the company uses 20% of the item value for the annual inventory cost. When ordered, the setup cost to produce an order is $600, and the production process is able to produce 500 per week and deliver them weekly as produced. What is the economic order quantity.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92709291
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Anbsphow much money would you have to invest today to

a. How much money would you have to invest today to accumulate ?$3,100 after 4 years if the rate of return on your investment is 15?%? b. What is the present value of ?$3,100 that you will receive after 4 years if ...

Given a trend line of y 174x 88 where the variable x is

Given a trend line of y = 174x + 88, where the variable x is the independent variable and the variable y is the dependent variable, what is the slope of this trend line?

In a fish tank there are 23 goldfish 4 angelfish and 9

In a fish tank, there are 23 goldfish, 4 angelfish, and 9 guppies. If a fish is selected at random, find the probability that it is an angelfish or a guppy.?

Past data from a specialized lung cancer clinic show that

Past data from a specialized lung cancer clinic show that 10% of patients entering the clinic have lung cancer. Data also shows 5% of the patients are smokers. Additionally, it is found that 7% of the patients are smoker ...

41 of the doctors in america are dentists if a random

41% of the doctors in America are dentists. If a random sample of size 826 is selected, what is the probability that the proportion of doctors who are dentists will be less than 40%?

During a 52 week period a company paid overtime wages for

During a 52 week period a company paid overtime wages for 16 weeks and hired temporary help for 7 weeks. During 6 weeks the company paid overtime and hired temporary help (a) Are the events? "selecting a week that contai ...

On the below question how did they decided the two

On the below question, how did they decided the two probabilities of guessing the correct and wrong answer on a question? Where did the 0.25 and 0.75 come from? The probability of achieving exactly k successes in n t ...

In a recent year 8415394 male students and 4879215 female

In a recent year, 8,415,394 male students and 4,879,215 female students were enrolled as undergraduates. Receiving aid were 62.9% of the male students and 68.3% of female students. Of those receiving aid, 41.9% of the ma ...

Determine the operating cash flow ocf for kleczka llc based

Determine the operating cash flow? (OCF) for? Kleczka, LLC., based on the following data. During the year the firm had sales of $2,548,000?, cost of goods sold totaled $1,802,000?, operating expenses totaled $320,000?, a ...

Find the z-score boundary that separates a normal

Find the z-score boundary that separates a normal distribution as described in each of the following: The lowest 20% of scores

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert