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3. Assume that you are a statistical consultant and want to provide a volunteer consultation to a start-up company as a social responsibility consultation. The company is planning to purchase a uniform outfit for their employees, and they obtained the following quantity discount table with three discount options: DISCOUNT NUMBER DISCOUNT QUANTITY 1 2 3 0 to 49 50 to 99 100 and over DISCOUNT COST (SAR) 100 90 85 Annual demand is 400 outfits, ordering cost is 50, and holding cost is 25% of the cost of the outfit. Use Excel QM to find the discount option with the minimum total cost. Solution:

3. Assume that you are a statistical consultant and want to provide a volunteer consultation to a start-up company as a social responsibility consultation. The company is planning to purchase a uniform outfit for their employees, and they obtained the following quantity discount table with three discount options: DISCOUNT NUMBER DISCOUNT QUANTITY 1 2 3 0 to 49 50 to 99 100 and over DISCOUNT COST (SAR) 100 90 85 Annual demand is 400 outfits, ordering cost is 50, and holding cost is 25% of the cost of the outfit. Use Excel QM to find the discount option with the minimum total cost. Solution:

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.2: Representing Data
Problem 22PFA
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Help me quickly please use excel
3. Assume that you are a statistical consultant and want to provide a volunteer consultation to a start-up company as a social responsibility consultation. The company is planning to purchase a uniform outfit for their employees, and they obtained the following quantity discount table with three discount options: DISCOUNT NUMBER DISCOUNT QUANTITY 1 2 3 0 to 49 50 to 99 100 and over DISCOUNT COST (SAR) 100 90 85 Annual demand is 400 outfits, ordering cost is 50, and holding cost is 25% of the cost of the outfit. Use Excel QM to find the discount option with the minimum total cost. Solution:
Transcribed Image Text:3. Assume that you are a statistical consultant and want to provide a volunteer consultation to a start-up company as a social responsibility consultation. The company is planning to purchase a uniform outfit for their employees, and they obtained the following quantity discount table with three discount options: DISCOUNT NUMBER DISCOUNT QUANTITY 1 2 3 0 to 49 50 to 99 100 and over DISCOUNT COST (SAR) 100 90 85 Annual demand is 400 outfits, ordering cost is 50, and holding cost is 25% of the cost of the outfit. Use Excel QM to find the discount option with the minimum total cost. Solution:
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