If P( ≥ X)= 0

question 2

Multiple Choice

If P( ≥ x) = 0.05,then the value of x is ____.

• A)14.449
• B)10.645
• C)12.592
• D)1.6350

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Definitions:

Variable Costs

Expenses that change in proportion to the activity of a business.

Economic Order Quantity

Orders replacements whenever inventory level falls to a predetermined point.

Inventory Level

The quantity of goods or materials held in stock by a business at a specific point in time.

Predetermined Point

A specific goal, target, or condition that is established in advance or before any actions are taken.