Solution-The profit from each days cookie production is 6

The profit from each days cookie production is 6 for the

Assignment Help Basic Statistics

Reference no: EM13580593

Q1. Ish's Butter Cookies sells large tins of butter cookies and small tins of butter cookies. The factory can prepare at most 200 tins of cookies a day. Each large tin of cookies requires 2 pounds of butter, and each small tin requires 1 pound of butter. There is a maximum of 300 pounds of butter available each day. The profit from each day's cookie production is: $6 for the large tin and $4.80 for the small tin. Find the maximum profit that can be expected in a day.

Q2. An investor has $12,000 to invest into two different funds. Fund A, which is a high-risk fund yields an average return of 14%. Fund B, which is a low-risk fund, yields an average return of 6%. To reduce the risk, the investor wants the amount in fund B to be at least twice the amount in fund A. How much should be invested in each fund to maximize the return? What is the maximum return?

Reference no: EM13580593

Questions Cloud

Pearson correlation identify two variables for which you : briefly restate your research area of interest.a. pearson correlation. identify two variables for which you could

Two towns both have a mean income for their residents of : two towns both have a mean income for their residents of 30000. the standard deviation of incomes of residents in

Recommend three 3 effective management policies and : write a three to four 3-4 page paper in which you1. make revisions to assignment 2 based on your professors feedback.2.

Rate data often follow a lognormal distribution what is the : rate data often follow a lognormal distribution. average power usage db per hour for a particular company is studied

The profit from each days cookie production is 6 for the : q1.ishs butter cookies sells large tins of butter cookies and small tins of butter cookies. the factory can prepare at

State a very practical reason why the defective item in an : identify the properties that make flipping a coin 50 times and keeping track of heads a binomial experiment.state a

Children gender a certain couple is equally likely to have : children gender. a certain couple is equally likely to have either a boy child or a girl child. if the family has four

Describe the four patterns typically found in time series : forecastinga all forecasts are never 100 accurate but subject to error. how is forecast error calculated? identify and

If the probability is 01 that a person will make a mistake : if the probability is 0.1 that a person will make a mistake on his or her state income tax return find the probability

User Account

All Pages

The profit from each days cookie production is 6 for the

Reference no: EM13580593

Reference no: EM13580593

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT