Formulate the above problem as a lp problem

Assignment Help Basic Statistics
Reference no: EM132006765

An advertising agency buys local radio and TV slots for its clients and wants to maximize the total audience exposure for all clients. Its client has a maximum budget of $1 million per month. Each radio slot reaches 1000 customers and each TV slot reaches 3000 different customers. Radio slots cost $400, provided at least 100 slots are taken in any month, and TV slots cost $20000 with no restrictions on the number of slots. Each radio slot requires 20 hours and each TV slot requires 50 hours of the agency's executive time out of a total of 4000 hours available each month.

1. Formulate the above problem as a LP problem.

2. Can the above problem be solved graphically? Why or why not?

3. Use QM to solve the above LP problem.

4. Use QM to discuss the existence of multiple optimal solutions.

Reference no: EM132006765

Questions Cloud

Provide an argument for there being an ethical : provide an argument 'FOR' there being an ethical/philosophical reasoning for changing laws. Submit your position by posting in the Unit 2 Debate forum.
Calculate the return if price of the stock at end of year : Over the year the dividends paid on the stock were $2.75 per share. Calculate the return if the price of the stock at the end of the year is $30.
Probability that a student got an a given that they studied : The probability that a student got an A given that they studied 10 hours or more is 0.625. Which of the below is true?
Discuss the challenges and risks you may face : Discuss in 525 words the challenges and risks you may face in starting a business in a foreign country.
Formulate the above problem as a lp problem : 1. Formulate the above problem as a LP problem. 2. Can the above problem be solved graphically? Why or why not?
Developed to estimate risk in equity cash flows : The capital asset pricing model is a model that was developed to estimate risk in equity cash flows, particularly for publicly traded stock equities.
Explain the disaster declaration process : Explain the disaster declaration process and role of the federal government in times of disaster. Identify the individual programs available to disaster.
Should the firm accept the replacement project : Drexler Company is contemplating the replacement of one of its machines with a newer and more efficient one. Should the firm accept the replacement project?
Difference between value-added and non-value-added cost : What is the difference between a value-added and a non-value-added cost?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Problem-speckling ticket in the state of washington

If you get a speckling ticket in the state of Washington, it states on the ticket "if you believe you did not commit the infraction, you may request a hearing.

  Relationship to healthcare organizations

Identify external competitive forces in relationship to healthcare organizations. Why is it important to know what external competitive forces are or who they are? Relate external competitive forces to a strategic plan.

  Compute an approximation to the probability

Suppose a fair coin is tossed 100 times. Is it more likely that you will get exactly 50 heads or that you will get more than 60 heads? Suppose a fair die is rolled 60 times. Is it more likely that you will get at least 20 sixes or that you will sc..

  Calculating the standard error

Calculate the standard error. With 95% confidence, find out the margin of error?

  What is the probability that a home loan extended by la

the chief loan officer of la crosse home mortgage company summarized the housing loans extended by the company in 2014

  Describe the inventory pattern graphically

Mike has est that the store sells about 800 SONY sets annually. Estimated holding cost is $30 per set and ordering cost is $20 per order. Describe the inventory pattern graphically.

  Impossible to tell from the wording of the question

Did the surveyors want respondents to be in favor or opposed; or is it impossible to tell from the wording of the question?

  Describe the spread of the sampling distribution

Auto emissions Oxides of nitrogen (called NOX for short) emitted by cars and trucks are important contributors to air pollution. The amount of NOX emitted.

  Examine sample mean is equivalent to the sample proportion

Verify that if the raw data for each individual in a sample is 1 when the individual has a certain trait and 0 otherwise, then the sample mean is equivalent.

  A researcher examines the records of all registered voters

1. a researcher examines the records of all registered voters in one city and finds that 43 are registered democrats.

  Lloyds cereal company packages cereal in 1 pound boxes 16

lloyds cereal company packages cereal in 1 pound boxes 16 ounces. a sample of 36 boxes is selected at random from the

  Confidence interval for the proportion of all adults

Construct an 80% confidence interval for the proportion of all adults who would define themselves as vegetarians.

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