Advantage of season changes in the united states

Assignment Help Basic Statistics
Reference no: EM13496048

MotoX
MotoX is a company that takes advantage of season changes in the United States to make profit from motorcycle sales. In the beginning of winter, they buy motorcycles from the Midwest then ship and sell them in California because of the nice weather where people ride all year long. As winter comes early this year, they are able to purchases motorcycles at bargain prices: 145 from Chicago, 73 from Kansas City, and 20 from Indianapolis. They have four stores in Hollywood, Irvine, San Francisco, and San Jose. The sales managers in these stores are seasoned veterans who have been in the business for a long time. So, their estimates on the demand are quite good. Vincent, the sales manager in Hollywood believes that they can sell 80 motorcycles. Cliff from the Irvine store looks at last year's sales and predicts a sales number of 70. Jon is a regional manager of the Northern California area and supervises the stores in this area. Because Northern California has more rain than Southern California, he estimates the sales numbers of San Francisco and San Jose stores as 30 and 50. The associated shipping costs per motorcycle are as follows:
a) Formulate the mathematical network model for this problem (hint: it is a transportation problem). Solve the problem.
b) How much is the total cost?
c) How many motorcycles are shipped to: San Jose from Chicago? San Francisco from Kansas City?
d) Looking at the result, where should they have bought lesser number of motorcycles? By how
many less?

Reference no: EM13496048

Questions Cloud

Difference between the means of the two populations : What is the point estimate for the difference between the means of the two populations?
The weighs of newborn elephants are normally distributed : The weighs of newborn elephants are normally distributed.
The average waiting time at a drive-in window : Waiting time at a bank drive-in widow the average waiting time at a drive-in window of local bank is 10.3 minutes,
The average cost of a gallon of regular unleaded fuel at gas : The average cost of a gallon of regular unleaded fuel at gas stations nationwide was $3.23, with a standard deviation of $0.23. Assume the national average holds for Connecticut. What is the probability that a sample of 30 gas stations in Conne..
Advantage of season changes in the united states : Advantage of season changes in the United States
Delivers pizza to college dormitory rooms : The manger of a restaurant that delivers pizza to college dormitory rooms
Define diameter of a sphere and determined the average value : 4- A student measured the diameter of a sphere and determined the average value. His measyrements are 5.17cm , 5.16 cm cm and 5.17 cm if the diameter is 6.18cm what can be said about the student's results
Determine the magnitude of the acceleration of the train : The train passes point A with a speed of 30 m/s and begins to decrease its speed at a constant rate of at = -0.25 m/s2. Determine the magnitude of the acceleration of the train
Prepare a cash budget showing the months and quarter : Lucy's Gourmet Basket shop is planning to open for business on July 1, 20XX and she is concerned about  the survivability of her company. She has contacted you to prepare operating budgets for the  quarter ending September 30, 20X..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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