User Account

All Pages

Market tests and available resources

Assignment Help Basic Statistics
Reference no: EM132038382

A manufacturer wants to maximize the profit of two products. Product I yields a profit of $ 1.50 per unit, and product II yields a profit of $2.00 per unit. Market tests and available resources have indicated the following constraints:

  • The combined production level should not exceed 1200 units per month.
  • The demand for product II is no more than half the demand for product I.
  • The production level of product I is less than or equal to 600 units plus three times the production level of product II.

Maximize: C = 1.5X + 2Y

X    +     Y                                X +  Y

0        1200                              0     200

1200  0                                    600  0

Not sure if this is correct

Reference no: EM132038382

Questions Cloud

What is probability of decimal form : If a = 0.19, and ß = 0.13, what is probability of each, in decimal form? The statistical decision is to reject the null, and H0 is really true
Describe the general environment that safaricom faces : Describe the general environment that Safaricom faces. What are the segments in the general environment that relate to Safaricom’s situation?
Positions for a college social club are up for election : Leadership positions for a college social club are up for election. Three people are needed to fill the positions of president
Find the current yield and capital gains yield : Today is a day in December 2525 and a bond with annual coupon rate of 3.70% just yesterday paid a coupon. Find the current yield and capital gains yield.
Market tests and available resources : A manufacturer wants to maximize the profit of two products. Product I yields a profit of $ 1.50 per unit, and product II yields a profit of $2.00 per unit.
What are the physical and psychological benefits of exercise : What are the physical and psychological benefits of exercise? Do men and women equally benefit? Explain. The response must be typed.
What is the standard error of the mean : According to the Central Limit Theorem, what is the standard error of the mean?
Payment affect the effective cost of the debt after taxes : How do the different types of payment affect the effective cost of the debt after taxes? Why?
Mean differences between two groups or more : In a finance field, when you want to know the mean differences between two groups or more? Please describe the situation, including how and why it would be used

Reviews

Write a Review

Basic Statistics Questions & Answers

  To compare two kinds of front-end design six of each kind

to compare two kinds of front-end design six of each kind were installed on a certain make of compact car. then each

  Test statistic and p-value assuming equal variances

Obtain a test statistic and p-value assuming equal variances. Interpret these results.

  What are the alternatives

Based on a client's requirements of a confidence interval of 99.74 percent and acceptable sampling error of 2 percent, a sample size of 500 is calculated.

  Calculate the estimated standard deviation error of the mean

After regular complaints of tire blowouts on the Yamuna Expressway, in an automotive test conducted by the authorities, the average tire pressure in a sample of 62 tires was found to be 24 pounds per square inch and the standard deviation was 2.1 ..

  Why might you not recommend that your local school adopt it

Even though this reading method has been shown to be significantly better, why might you not recommend that your local school adopt it?

  What is the students expected height

A student is chosen at random. What is the student's expected height - Find the expected value for his winnings.

  The safety requirement is that the hic measurement should

assume that a simple random sample has been selected from a normally distributed population and test the given claim.

  Modify the make-account procedure of exercise

Modify the make-account procedure of exercise 3.3 by adding another local state variable so that, if an account is accessed more than seven consecutive times with an incorrect password, it invokes the procedure call-the-cops.

  Interpret the slope of given line

Every year some student scores a perfect 1600. Based on this model, what would that student s residual be for her math score?

  Compute the chi-square statistic

Perform all of the calculations to complete this table and compute the chi-square statistic and calculate degrees of freedom for this chi-square test for goodness-of-fit.

  Determine the standard deviation

What is the possibility that for a arbitrarily selected customer the service time could exceed 3 minutes?

  Consider an estimation problem

Consider an estimation problem with P = {P?: ? ? T} (a parametric family), A = T, and the squared error loss.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd