Determine a product mix to maximize his daily revenue

Assignment Help Basic Statistics
Reference no: EM131753159

1. Winkler Furniture manufactures two different types of china cabinets: a French provincial model and a Danish Modern model. Each cabinet produced must go through three departments: carpentry, painting, and finishing. The table below contains all relevant information concerning production times per cabinet produced and production capacities for each operation per day, along with net revenue per unit produced. The firm has a contract with an Indiana distributor to produce a minimum of 300 of each cabinet per week (or 60 cabinets per day). Owner Bob Winkler would like to determine a product mix to maximize his daily revenue.

Formulate as an LP problem and obtain the revenue

Reference no: EM131753159

Questions Cloud

Describe people-related problems or issues ann wood faced : Describe the people-related problems or issues Ann Wood faced during the day. Did she handle these effectively? If not what do you believe she should have done?
Discuss variable costs change proportionately with changes : Graded Exam Total variable costs change proportionately with changes in output activity
Confidence interval for the mean difference : A sample of 20 paired observations generates the following data: = 1.3 and = 2.6. Assume a normal distribution. Use Table 2.
What is the common characteristic that makes the data paired : Biology and Environmental Science In August 2013, Vancouver Coastal Health warned swimmers that the coliform count at East False Creek was approximately.
Determine a product mix to maximize his daily revenue : Owner Bob Winkler would like to determine a product mix to maximize his daily revenue. Formulate as an LP problem and obtain the revenue
What asset and/or liability accounts are affected : How will Survey Monkey record this customer's payment, What asset and/or liability accounts are affected
Probability that the mean height : A random sample of 50 women in this age group is selected. What is the probability that the mean height for the sample is greater than 65 ?inches?
Compute the price of a ticket on the route : Assume normality. Is there any evidence to suggest that the price of a ticket on this route differs if purchased 21 or 49 days in advance?
Write a paper introducing your chosen organization : Write a 250-350 word paper introducing your chosen organization and the associated process/structure/environment that needs improvement.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Standard deviation of sampling distribution approach

What value will standard deviation σ x of sampling distribution approach? How do two x distributions for sample size n = 50 and n = 100 compare?

  What would the standard deviation of the egg weights be

The average weight of the eggs produced by the young hens is 50.9 grams, and only 28% of their eggs exceed the desired minimum weight.

  Poisson distribution with mean ?. find a 90 percent confiden

Between 1951 and 2000, there were 295 hurricanes in the Atlantic Ocean. Assume that the numbers of hurricanes in different years can be accurately modeled as i.i.d. random

  The continuous-time stochastic process

Suppose that the continuous-time stochastic process {X(t),t ≥ 0}, whose state space is {0,1}, spends an exponential time with parameter 1 in a state the first time it visits this state.

  Find the standard deviation of the net income

Farmers' market. A farmer has 100 lb of apples and 50 lb of potatoes for sale. The market price for apples (per pound) each day is a random variable.

  Hair color and social extroversion

Conduct a one-way ANOVA to investigate the relationship between hair color and social extroversion.

  Construct a confidence interval for difference in proportion

Assuming that among the 1048 respondents, there were an equal number of men and women, construct a 95% confidence interval for the difference in these proportions.

  Describe the sampling distribution of p

What is the mean of the sampling distribution of the (sample proportion) and what is the standard deviation of the and describe the sampling distribution of p

  Find the parameters-mean and standard deviation

First steps. While only 5% of babies have learned to walk by the age of 10 months, 75% are walking by 13 months of age.

  Review case study of the movies

Two movies were screen-tested at two different samples of theaters. Mystic River was viewed at 80 theaters and was considered a success in terms of box office.

  Conduct and interpret the appropriate analysis

A researcher was interested in the attitudes towards equal rights among stay at home moms and women with jobs outside the home. She creates a survey that measures attitudes toward equal rights, administers it to a sample of 20 women. Conduc..

  Regression equation to explain outcomes

At times we can generate a regression equation to explain outcomes. For example, an employee's salary can often be explained by their pay grade, appraisal rating, education level, etc.

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