A production manager wants to determine how many units of

Assignment Help Basic Statistics
Reference no: EM13633633

A production manager wants to determine how many units of each product to produce weekly to maximize weekly profits. Production requirements for the products are shown in the following table.

Product

Material 1 (lbs.)

Material 2 (lbs.)

Labor (hours)

A

3

2

4

B

1

4

2

C

5

none

3.5

Material 1 costs $7 a pound, material 2 costs $5 a pound, and labor costs $15 per hour. Product A sells for $101 a unit, product B sells for $67 a unit, and product C sells for $97.50 a unit. Each week there are 300 pounds of material 1; 400 pounds of material 2; and 200 hours of labor. Also, there is a weekly demand of at least 10 units of product C each week.

Reference no: EM13633633

Questions Cloud

Determine the a isentropic efficiency of the compressor b : both heating and cooling for a structure can be furnished by a heat pump. one such device operating in winter uses
A package has mass of 200 kg is on a horizontal floor : a package has mass of 200 kg is on a horizontal floor. resistance to its motion other than that due to friction is
In a contest of 5 min there are several mixed up rubiks : it takes annie an average of 60 sec. to solve a rubiks cube. you come in with a rubiks cube and mix it all up and ask
A hospital patient has been given 131i half-life 804 days : a hospital patient has been given 131i half-life 8.04 days which decays at 6.3 times the acceptable level for exposure
A production manager wants to determine how many units of : a production manager wants to determine how many units of each product to produce weekly to maximize weekly profits.
During takeoff the reservoirs undergo strong vibrations : a gasket that seals fuel reservoirs for the space shuttle can be modeled by the following differential equationmd2ydt2
If the solvent front moves 54 mm from the baseline and a : if the solvent front moves 54 mm from the baseline and a compound in the food dye being analyzed moves 32 mm from the
Superheated steam at 15 mpa and 600 c enters the turbine of : superheated steam at 15 mpa and 600 c enters the turbine of a steam power plant and is expanded to an exit pressure of
You are shooting a basketball into a hoop of diameter d : you are shooting a basketball into a hoop of diameter d that is located l meters away and h meters high. assume that

Reviews

Write a Review

Basic Statistics Questions & Answers

  Can the research conclude that the medication has a

a researcher would like to determine whether an over the counter medication has an effect on mental alertness. a sample

  Correlation coefficient and hypothesis testing

A geography teacher is interested in the link between mathematical ability and the ability to visualize three dimensional situations.He gives a group of 15 students a test and records each students score

  Compute the following binomial probabilities using table a1

compute the following binomial probabilities using table a.1 a table of cumulative binomial probabilities in the back

  Scores on a test have a mean of 71 and the score of 80

scores on a test have a mean of 71 and the score of 80 falls at the 75th percentile. the scores have a distribution

  What is the annual inventory holding cost

Given the EOQ, what is the average inventory? What is the annual inventory holding cost and in minimizing cost, how many orders would be made each year? What would be the annual ordering cost

  Interpretation of anova results

An occupational health study was carried out to evaluate the health status of workers. The response is forced expiratory volume (FEV), a measure of respiratory function.

  What proportion of municipal bonds is issued

What proportion of municipal bonds is issued by suburbs and What is the probability that a randomly selected visit will last between 60 and 90 minutes?

  Probability numbers chosen by player match in state-s sample

If a player enters one lottery each week, what is the expected number of weeks until a player matches all 6 numbers in the state's sample?

  Least squares trend equation

Use the trend equation to calculate the points for 2003 and 2005. Plot them on the graph and draw the regression line.

  Hypothesis that mean number of customers waiting is greater

The hypothesis is that the average number of customers served per hour is 24 or less against the alternative hypothesis that the mean number of customers waiting is greater than 24.

  Important predictor of amount of sales

Hours worked is important predictor of amount of sales.

  Determining rejection point

What is the rejection point at α = .01 and indicate if you would accept or reject H o ?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd