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a) b) 5- It is given that 23% of the total inventory items in a company's warehouse explains 87% of the value of the inventory. a. What is the parameter A in the Pareto cumulative distribution equation? b. Given 95,1% 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: 0.0467; b: 23% a:0.040; b: 42.74% a: 0.042; b:43.89% a: 0.0467; b: 46.42% a: 0.042; b:87%

a) b) 5- It is given that 23% of the total inventory items in a company's warehouse explains 87% of the value of the inventory. a. What is the parameter A in the Pareto cumulative distribution equation? b. Given 95,1% 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: 0.0467; b: 23% a:0.040; b: 42.74% a: 0.042; b:43.89% a: 0.0467; b: 46.42% a: 0.042; b:87%

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 24PPS
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5- It is given that 23% of the total inventory items in a company's warehouse explains 87% of the value of the inventory. a. What is the parameter A in the Pareto cumulative distribution equation? b. Given 95,1% 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) a: 0.0467; b: 23% b) a:0.040; b: 42.74% a: 0.042; b:43.89% a: 0.0467; b: 46.42% e) a: 0.042; b:87%
Transcribed Image Text:5- It is given that 23% of the total inventory items in a company's warehouse explains 87% of the value of the inventory. a. What is the parameter A in the Pareto cumulative distribution equation? b. Given 95,1% 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) a: 0.0467; b: 23% b) a:0.040; b: 42.74% a: 0.042; b:43.89% a: 0.0467; b: 46.42% e) a: 0.042; b:87%
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