Answered: Question 1 Describe the following…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter6: Linear Systems

Section6.3: Matrix Algebra

Problem 65E

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Question 1

Describe the following matrices:

1. Square

2. Diagonal

3. Zero

Question 2

Ronamart needs 1000 coffee makers per year. The cost of each coffee maker is $78. Ordering cost is $100 per order. Carrying cost is $20 of unit cost. Lead time is 5 days. RonaMart is open 360 days/yr.

Required:

1. What is EOQ model?

2. how many times per year does the store reorder?

3. What is the length of order cycle?

4. What is the total annual cost if EOQ Quantity is ordered?

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