Answer $3$:

B

Answer $4$:

A

Answer $5$:

C

Question $9$

EOQSen$-7211$

For any intermediate calculations use $4$ significant figures. When entering a decimal answer,

for example $0\mathrm{.}245,$ please enter $0\mathrm{.}245$ and not $245.$ For final answers see the text highlighted

in green

Given the EOQ is $525,$ the supplier only allows orders in increments of $50.$ What order of $Q$ would

be the best given the suppliers demands?

$Q=$

How much more expensive is it in percentage? Use $3$ significant digits, for example if you answer

is $0\mathrm{.}0004343$ then it's $0\mathrm{.}043\%.$ So just enter $0\mathrm{.}043$ rounded to $3$ digits.

Percent increase in total cost

$\%$

Answer $1$:

$550$

Answer $2$:

$4\mathrm{.}76$

partial credit

Question $10$

NEWS$-2080$

For any intermediate calculations use $4$ significant figures.

The Johnson Shoe Company buys shoes for $$50$ per pair and sells them for $$80$ per pair. If they are

out of stock, the buyer purchases the shoe elsewhere and there is a loss of goodwill of $$30.$ Monthly

demand is normally distributed with $=20$ and $=5.$ The Johnson Shoe Company uses a $25\%$

annual interest rate to determine holding costs.