Let's assume that you are running manufacturing operations for a large company. Your supplier just informed you that one of the critical components has gone end of life and you have two options to continue the supply chain efforts. One is to complete the Last Time Buy for next 30 years and store the inventory at your location, or to consign the inventory to your supplier and pay as you place your orders. The supplier will charge you small fee for the inventory storage.
what option would you choose, and how would you go about calculating your F-statistic in this case? Would there be any other options to consider?
Name some of the most common examples of the F-statistic? What are major differences between these common examples?
Formatting & Referencing: APA