statistics 2 homework

10 points (Easy!)

Submit on paper in class on December 3 or 5.

Example 2:

Assignment

Review the attached explanatory material and examples. Then answer this question.

Question: A home improvement store sells 5,000 batteries per year. Each battery costs $1 to store for one year, and each order costs $4.

(a) How many batteries should be ordered at one time?

(b) How many orders should be placed each year to minimize total costs?

Show all of your work.

Submit on paper on December 3 or 5, in class.