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A small firm makes three products, which all follow the same three step process, which consists of milling, inspection, and drilling. Product A requires 6 minutes of milling, 5 minutes of inspection, and 4 minutes of drilling; product B requires 2.5 minutes of milling, 2 minutes of inspection, and 2 minutes of drilling; and product C requires 5 minutes of milling, 4 minutes of inspection, and 8 minutes of drilling. The department has 20 hours available during the next period for milling, 15 hours for inspection, and 24 hours for drilling. Product A contributes $6.00 per unit to profit, product B contributes $4.00 per unit, and product C contributes $10.00 per unit.
Determine the optimum mix of products in terms of maximizing contributions to profits for the next period. Show all work.
A bag contains 8 red marbles, 2 blue marbles, and 1 green marble. What is the probability of choosing a marble that is not blue?
The original simple form of the Connecticut state lottery (ignoring a few gimmicks) awarded the following prizes for each 100,000 tickets sold. The winners were chosen by drawing tickets at random. If you hold one ticket in this lottery, what is y..
According to the retail electronics chain, adults in 40 to 50 year old age group, the mean amount spent per year on electronics is $1998.
Historically the average age of European soccer players is reported as 26 years with a standard deviation of 4 years. A random sample of 81 European professional soccer players has an average age of 27 years.
A supplier of 3.5" disks clams that only 1% of the disks are defective. In a random sample of 600 disks, it is found that 3% are defective, but the supplier claims that this is simply a sample fluctuation. At the 0.01 level of significance, test t..
They both want to know what family member typically does the research about possible honeymoon destinations, and who primarily makes the decision on selecting the destination.
What is the probability that a soldier is a female?
determine if the improvement is of practical significance one should. Crop researchers plant 100 plots with a new variety of corn. The average yield for these plots is x' = 130 bushels per acre
A consumer agency has retained an independet testing firm to examine a television manufacturer's claim that its 25-inch console lmodel consumes just 110 watts of electricity.
Kindly explain to me the importance of random sampling. What problems/limitations could prevent a truly random sampling and how can they be prevented
A random sample of 48 managers of large hotels has mean X‾= 5.91. The null hypothesis for the researcher's test is?
Let X be a random variable with probability density distribution given by. Find the probability density function of Y=10X - 4.
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