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Morgan Arthur has spent the past few weeks deter - mining inventory costs for Armstrong, a toy manu - facturer located near Cincinnati, Ohio. She
Morgan Arthur has spent the past few weeks deter mining inventory costs for Armstrong, a toy manu facturer located near Cincinnati, Ohio. She knows that annual demand will be units per year and that the carrying cost will be $ per unit per year. The ordering cost, on the other hand, can vary from $ per order to $ per order. During the past working days, Morgan has observed the following frequency distribution for the ordering cost
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