WebMar 26, 2024 · The total price should be evaluated as follows: - Total cost = Price * Quantity If the total cost per item is more than 20,000 there is a discount of 14% on that item and a discount of 10% on an item whose total cost is between 10,000 and 20,000. No discount is given on items whose total cost is less than 10,000 Expert's answer WebThe cost per item at a supermarket follows an exponential distribution. There are many inexpensive items and a few relatively expensive ones. The mean cost per item is $7.5. …
The cost per item at a supermarket follows an exponential
WebApr 2, 2024 · For example, the amount of money customers spend in one trip to the supermarket follows an exponential distribution. There are more people who spend small amounts of money and fewer people who spend large amounts of money. The exponential distribution is widely used in the field of reliability. WebMar 11, 2024 · Marketing/ads (CAC) – $4,000. Packaging – $180. Shipping costs – $900. Fulfillment costs – $100. Storage costs – $100. COGS – $1,000. Total costs = $6,280. … name of the months in order
The cost per item at a supermarket follows an exponential distribution …
WebThe cost per item at a supermarket follows an exponential distribution. There are many inexpensive items and a few relatively expensive ones. The mean cost per item is $3.59. … WebJul 10, 2024 · Use the formula ‘annual number of units sold x cost per unit’ to calculate the annual consumption value of each item Annual number of units sold (per item) x cost per unit 2. List your products in descending order, based on their annual consumption value 3. Total up the number of units sold and the annual consumption value 4. WebQuestion: The cost per item at a supermarket follows an exponential distribution. There are many inexpensive items and a few relatively expensive ones. The mean cost per item is $4.0. What is the percentage of items that cost: a. Less than $2.0? (Round your answer to 4 … meetings simplified hilton