The Kirei-Hana restaurant uses 100 lbs of steak each month. …

The Kirei-Hana restaurant uses 100 lbs of steak each month.  When they order the steak from a butcher the ordering cost is $40.  The steak costs $4.00 per pound for orders up to and including 600 lbs.  For orders of more than 600 lbs, the steak is $3.80 per pound. Using an annual interest rate of 23%,  This question is part of a quiz or exam at Arizona State University.  Printouts, photos, screenshots, and postings to websites are prohibited without permission from Dr. L. Chattin and Arizona State University.  [a] lbs should be ordered at a time for a total cost of [b].  Select the answers closest to yours.

Suppose a demand, X,  is modeled as a continuous uniform ran…

Suppose a demand, X,  is modeled as a continuous uniform random variable between 10.5 and 13.5 items:                                                                           f(x) = 1/3 for 10.5 < x < 13.5 Overage cost is $3/item and underage cost is $10/item. This question is part of a quiz or exam at Arizona State University.  Printouts, photos, screenshots, and postings to websites are prohibited without permission from Dr. L. Chattin and Arizona State University. How many items should be made at a time to minimize costs?  Round your answer to the nearest integer.