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The Pinewood Furniture Company produces chairs and tables from two resources - labor and wood. The company has 80 hours of labor and 36 board-ft. of wood available each day. Demand for chairs is limited to 6 per day. Each chair requires 8 hours of labor and 2 board-ft. of wood. The profit derived from each chair is $400 and from each table, $100. The company wants to determine the number of chairs and tables to produce each day in order to maximize profit.
a.) Formulate a linear programming model for this problem (using QM on Windows and/or Excel on Windows)
b.)Solve this model using a graphical analysis.
Write down a paragraph about the normal distribution. In the paragraph give an example of a distribution that you would judge to be nearly normal and explain why you have made that conclusion.
This test result prompts a state administrator to declare that the mean score for the sate's eighth graders on the examination is more than 275. at a=.04, is there enough evidence to support the claim.
Four percent of DVD players manufactured by an electronics company are defective. Suppose six DVD players are randomly selected from the production line. Each DVD player is determined to be defective or non-defective.
A product sold by Home Depot, Inc., with an annual demand of 1000 units has Co = $25.50 and Ch = $8. The demand exhibits some variability such that the lead-time demand follows a normal probability distribution
Compute the mean, median, and mode. Which of these measures of central tendency do you think most accurately describes the lifestyle variable you are looking at?
Construct a 95% confidence interval for the proportion of all those who experience some type of discomfort.
A pair of dice is tossed once. Let X denote the sum of the face values, and let Y denote the absolute value of the difference between the face values.
Compute the probability of seven consecutive points falling above the centerline given a stable process. Is this probability associated with type I or type II error?
Estimate and interpret the p-value of the calculated test statistic above.
Given the following data, use exponential smoothing with a=0.2 and a=0.5 to generate forecasts for periods 2 through 6. Use MAD and MSE to decide which of the two models produced a better forecast.
Ethics The one-time fling! Have you ever purchased an article of clothing (dress, sports jacket, etc.), worn the item once to a party, and then returned the purchase?
Using α = 0.05, does this sample provide enough evidence to conclude that the average utility bill in Delaware was lower in the winter of 2011-2012 than it was in the winter of 2010-2011?
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