A company that produces detergents wants to estimate the mean amount of detergent in 64-ounce jugs at a 99% confidence level. The company knows that the standard deviation of the amounts of detergent in all such jugs is .20 ounce. How large a sample should the company select so that the estimate is within .04 ounce of the population mean?

Afirm that makes electronic circuits has been ordering a certain raw material 250 ounces at a time. the firm estimates that carrying cost is i = 30% per year, and that ordering cost is about $20 per order. the current price of the ingredient is $200 per ounce. the assumptions of the basic eoq model are thought to apply. for what value of annual demand is their action optimal?

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?