Sly's Used Cars just sold you a clunker (you need it to get to class on time). You financed the $4,728.48 purchase price for 24 months. They said your payment would be $250. What interest rate did they charge you (assume monthly compounding)?

A) 10%
B) 12%
C) 16%
D) 19%
E) 24%


Answer: E

Business

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The definition of service level used in this chapter is

a. the percentage of all demand that can be satisfied from inventory. b. the percentage of all order cycles that do not experience a stockout. c. the percentage of demand during the lead-time period that can be satisfied from inventory d. None of the alternatives is correct.

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Which of the following tables relates guides to trips?

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Which of the following is true of confidence intervals in hypothesis tests of the variance of a normal population, where variances are smaller than anticipated?

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Business