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Ace Advertising has won the contract to promote the Macaw Heads upcoming concert in Aldrich. They have identified four relevant advertising outlets and using Nielson and Arbitron data gathered the information in Table 1 about each advertising outlet. The advertising budget is limited to $50,000. At least 500 thousand of the effective audience contact should be individuals over the age of 40. For TV ads, the effective audience contact (and thus the percent of audience over 40) drops by 20% after the 20th ad (include a decision variable for both maximum and reduced effectiveness TV ad). The newspaper has agreed to cut the cost of an ad by 50% for every additional ad purchased after the fifth ad. Thus the first five ads cost the regular price. After the 6th regular price ad is purchased, the first reduced ad can be purchased. After the seventh regular price ad is purchased, the second reduced ad can be purchased (include a decision variable for the number of regular ads purchased and the number of reduced cost ads purchase and be sure to require that the number of regular cost ads is always five more than the reduced cost ads). At most, only 30 newspaper ads are possible. For every 106.7 radio ad, there must be at least two 103.1 Radio ads. Formulate the LP model to determine the number of ads in each outlet and maximize the effective audience contact.
It is estimated that 10 percent of those taking the quantitative methods portion of the CPA examination fail that section. Sixty students are taking the exam on Saturday.
What is the probability that all 3 would iPods from best buy? Or at least one would have iPod from best buy?
During the war with Iraq in 1991 the Terraco Motor Company produced a lightweight, all terrain vehicle code named "J99 Terra" for the military. The company is now planning to sell the Terra to the public.
A person is considering purchasing the stock of two home health companies that are similar in all respects except the proportion of earnings paid out as dividends.
At a food processing plant, a machine produces 10 lb bags of sugar. In this particular process, it is important that the sugar content does not go below 9.9 lbs. In fact, when the bags of sugar are less than 9.9 lbs, maintenance is performed on th..
An independent researcher has decided to study variations in TV viewing habits among three American cities. She has managed to randomly sample households in Chicago, Atlanta, and Minneapolis and gather data on the daily "on" times for households o..
What type of probability distribution is presented? Find the probability that exactly 5 of his saplings will die in that first winter. Round to 4 decimal places. Find the probability that 5 or less of saplings will die in that first winter. Round to ..
Regression model results can be erroneous if multicollinearity is an issue. What causes multicollinearity? If the intercept is statistically significant, what does this tell you?
The new director of special programs in XYZ Corporation felt the customers were waiting too long to receive and complete forms needed to enroll in special programs.
Suppose that the following data were obtained for a collection of archaeological sites in New Mexico: Calculate the sample correlation coefficient r.
the sample mean was found to be 21.3 minutes, with a sample standard deviation of 5.5 minutes. Is there evidence to reject the claim at the alpha = 0.05 level?
Determine the probability of exactly one success given Poisson distribution with mean of 2.0.
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