Financial corruption in unions is ignored in Landrum-Griffin

Determine the optimal order quantity

A company distributes repair parts for high-end appliances. The annual demand is 81,000 and the company operates 300 days per year. The annual carrying cost is 20% of the item cost, which is $500. The ordering cost is estimated at $60 and the shortage cost is $150.

A professor needs to select a volunteer for a project. Which of the following would not be an example of a simple random sample?

A) He chooses a number between 00 and 99. The student whose phone number has the last two digits closest to the one the professor has chosen is selected. B) He chooses that individual whose name is first in alphabetical order. C) He puts all student names in a bowl, mixes them up, and selects one. D) He has each student select a number between 0 and 99 and write it down. He then selects the student whose number is closest to the last two digits of his social security number.