The Histogram Below Represents the Number of Television Sets Per

question 42

Multiple Choice

The histogram below represents the number of television sets per household for a sample of U.S. households. What is the maximum number of households having the same number of television sets?

• A) 50
• B) 25
• C) 100
• D) 20

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Definitions:

Cycle Inventories

are stocks that companies maintain to smoothly handle the fluctuations in production and sales, minimizing stockouts and overstock situations.

Setups

The preparation and adjustments made to machinery or equipment before a production run or the execution of a particular job.

Economic Order Quantity

A calculation used to determine the most efficient order size that minimizes the sum of ordering and holding costs associated with inventory management.

Holding Costs

Expenses associated with storing inventory, including warehouse storage fees, insurance, and spoilage costs, until the inventory is sold or used.