A manager intends to order a new machine and must now decide on the number of spare parts to order along with the machine.The parts cost $400 each and have no salvage value.The manager has compiled a frequency distribution for the probable usage of spare parts,as shown.For what range of shortage costs would stocking one spare part constitute an optimal decision?

Question

A manager intends to order a new machine and must now decide on the number of spare parts to order along with the machine.The parts cost $400 each and have no salvage value.The manager has compiled a frequency distribution for the probable usage of spare parts,as shown.For what range of shortage costs would stocking one spare part constitute an optimal decision?
A manager intends to order a new machine and must now decide on the number of spare parts to order along with the machine.The parts cost $400 each and have no salvage value.The manager has compiled a frequency distribution for the probable usage of spare parts,as shown.For what range of shortage costs would stocking one spare part constitute an optimal decision?

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The Answer of A manager intends to order a new machine and must now decide on the number of spare parts to order along with the machine.The parts cost $400 each and have no salvage value.The manager has compiled a frequency distribution for the probable usage of spare parts,as shown.For what range of shortage costs would stocking one spare part constitute an optimal decision?

A Manager Intends to Order a New Machine and Must