Student book Task 3 Quantitative Analysis for Business QAT1 Assignment 309.3.1-06, 07 - Version 3 Please enter your name and WGU ID number in the boxes below. Note: In order to get credit for your work it is critical that you enter your student number correctly. Student Name: Tracie Lightfoot Student Number: 364192 Scroll down to unlocked cells to show work. Company A: An electronic retail chain wishes to minimize its ordering costs for a particularly popular model of laptop computer. This retail chain has a line of credit to finance its inventory and the current holding rate is 5%. The chain estimates it can sell 70,000 units per year and it pays $400 dollars per unit. It costs $34 dollars to place each order. How many units should it order each time? You should round your answer up to the nearest laptop unit. 0 Company B: A manufacturer of laptop computers operates a plant with an annual capacity of 15,470,000 laptop units. One of its models is expected to sell 910,000 units in the coming year. How large should each product lot be if it costs $400 to change production from one model to another. Assume that the manufacturer values each laptop unit at $200 dollars and it has a holding rate of 6%. You should round your answer up to the nearest laptop unit. Show work below: QUANTITATIVE ANALYSIS Competency 309.3.1: Decision Making Models The graduate uses optimizing models and other models as aids for making more informed decisions. Introduction: For this task, you will review the attached \"QAT1 Task 3 Spreadsheet\" and, using the instructions given in parts A-C, provide a brief response. Requirements: A. Determine the order size for Company A in the scenario found in the attached \"QAT1 Task 3 Spreadsheet\" that would minimize total annual cost by using the economic order quantity model, showing all of your work. 1. Identify what Company A should do with the information determined in part A. B. Determine the lot size for Company B in the scenario found in the attached \"QAT1 Task 3 Spreadsheet\" that would minimize total annual cost by using the economic production lot size model, showing all of your work. 1. Identify what Company B should do with the information determined in part B. C. When you use sources, include all intext citations and references in APA format. Note: To reduce unnecessary matches, select ignore \"small matches <20 Method