A ________ inventory item is an item that is not used in current operations but is serving a back-up role in case the current item fails during operation

If X is a binomial random variable with n = 20, and P = 0.5, then P(X = 20 ) = 1.0

Indicate whether the statement is true or false

The fixed cost per unit varies with changes in the level of activity

Indicate whether the statement is true or false