Question: A manager intends to order a new machine and must now decide on the number of spare parts to order along with the machine. The

A manager intends to order a new machine and must now decide on the number of spare parts to order along with the machine. The parts cost $470 each and have no salvage value. The manager has compiled the frequency distribution for the probable usage of spare parts:6 spare parts with frequency 0.17 7 spare parts with frequency 0.22,8 spare parts with frequency 0 19,9 spare parts with frequency 0.21, and 10 spare parts with frequency 0 21. For what range of shortage costs would stocking 8 spare parts constitute an optimal decision? O a Between 450.7 and 973.6 Ob Between 360 band 778.9 Oc Between 300.5and 649 d. Between 150 2and 324.5

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