​The Ordering and Transportation Cost C of the Components Used

question 58

Multiple Choice

​The ordering and transportation cost C of the components used in manufacturing a product is given by where C is measured in thousands of dollars and x is the order size in hundreds.Find the order size that minimizes the cost.Round your answer to the nearest unit. ​

• A) ​58 hundreds
• B) ​56 hundreds
• C) ​53 hundreds
• D) ​55 hundreds
• E) ​60 hundreds

---

Definitions:

Population Variance

A measure that quantifies the degree to which values in an entire population vary from the population mean.

Sampling Distribution

A distribution showing the likelihood of different outcomes for a statistic based on a random sample.

Standard Deviation

A evaluation of how varied or distributed a collection of data points is.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set differ from the mean.