3. Assume that you are a statistical consultant and want to provide a volunteer consultation to a start-up company as a social responsibility consultation. The company is planning to purchase a uniform outfit for their employees, and they obtained the following quantity discount table with three discount options: DISCOUNT NUMBER 1 2 3 DISCOUNT QUANTITY 0 to 49 50 to 99 100 and over DISCOUNT COST (SAR) 100 90 85 Annual demand is 400 outfits, ordering cost is 50, and holding cost is 25% of the cost of the outfit. Use Excel QM to find the discount option with the minimum total cost. Solution:

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