What inventory system is best for the following environment?…

What inventory system is best for the following environment? You are trying to set inventory levels for repair parts.  The inventory system has a physical count once per month.  Inventory levels are unknown between counts.  You pay transportation costs from the supplier.  The cost is 75$ (LTL min. charge).

A prescription drug is being tested for its effectiveness at…

A prescription drug is being tested for its effectiveness at keeping artery blockages less than 50%.  In the study, some patients received the drug and others received a placebo.  The results are in the following two-way table: Greater than 50% Less than 50% Drug 5 42 Placebo 21 27 How many patients received the drug?

A prescription drug is being tested for its effectiveness at…

A prescription drug is being tested for its effectiveness at keeping artery blockages less than 50%.  In the study, some patients received the drug and others received a placebo.  The results are in the following two-way table: Greater than 50% Less than 50% Drug 5 42 Placebo 21 27 What percent of patients in the study had less than a 50% blockage?