6- It is given that 25% of the total inventory items in a company's warehouse explains 85% of the value of the inventory. a. What is the parameter A in the Pareto cumulative distribution equation? b. Given 96,1% of inventory value, what is the percent of items give it provided that A is what you found at part a? Select your choice according to part a and b's answver where both of them must be true. a) a: 0.0521; b:25% b) a: 0.0695; b: 61.56% C) a: 0.0625; b: 85% d) a: 0.0521; b:54.96% e) a: 0.0625; b: 59.17%

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
6
It is given that 25% of the total inventory items in a company's warehouse explains 85% of the value of the inventory.
a. What is the parameter A in the Pareto cumulative distribution equation?
b. Given 96,1% of inventory value, what is the percent of items give it provided that A is what you found at
part a?
Select your choice according to part a and b's answer where both of them must be true.
a) O a: 0.0521; b:25%
b)
a: 0.0695; b: 61.56%
C)
a: 0.0625; b: 85%
d)
a: 0.0521; b:54.96%
e)
a: 0.0625; b: 59.17%
Leave blank
Transcribed Image Text:6 It is given that 25% of the total inventory items in a company's warehouse explains 85% of the value of the inventory. a. What is the parameter A in the Pareto cumulative distribution equation? b. Given 96,1% of inventory value, what is the percent of items give it provided that A is what you found at part a? Select your choice according to part a and b's answer where both of them must be true. a) O a: 0.0521; b:25% b) a: 0.0695; b: 61.56% C) a: 0.0625; b: 85% d) a: 0.0521; b:54.96% e) a: 0.0625; b: 59.17% Leave blank
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman