The value of data mining to the business is: The ability to find the location of information needed for executive decisions. The ability to find the location of information needed for executive decisions. The ability to find a specific customer name and account number from large amounts of data. The ability to find a specific customer name and account number from large amounts of data. The ability to find trends and patterns of knowledge from large amounts of data. The ability to find trends and patterns of knowledge from large amounts of data. The ability to find the needle in the haystack. The ability to find the needle in the haystack.

Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $