Charleston Company has developed the following data to assist in controlling one of its inventory items:

Economic order quantity...... 1000.... liters

Average daily use................... 100.... liters

Maximum daily use................ 120.... liters

Working days per year............ 250..... days

Safety stock............................ 140.... liters

Cost of carrying inventory....... $1.00 per liter per year

Lead time.......................... 7 working days

Compute for the Average inventory.

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Question 26 Which of the following is true of R²? 0.5 pts R-squared shows what percentage of the total variation in the independent variables, X, is explained by the dependent variable A low R-squared indicates that the Ordinary Least Squares line fits the data well R-squared usually increases with an increase in the number of independent variables in a regression. R-squared is also called the standard error of regression Question 26 Which of the following is true of R²? 0.5 pts R-squared shows what percentage of the total variation in the independent variables, X, is explained by the dependent variable A low R-squared indicates that the Ordinary Least Squares line fits the data well R-squared usually increases with an increase in the number of independent variables in a regression. R-squared is also called the standard error of regression

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