What is the equation of the labor constraint line

Assignment Help Basic Statistics
Reference no: EM13910013

A company manufactures two products X and Y. Each product has to be processed in three departments: welding, assembly and painting. Each unit of X spends 2 hours in the welding department, 3 hours in assembly and 1 hour in painting. The corresponding times for a unit of Y are 3, 2 and 1 hours respectively. The employee hours available in a month are 1,500 for the welding department, 1,500 in assembly and 550 in painting. The contribution to profits are $100 for product X and $120 for product Y.

1. Which one is one of the decision variables for this problem?
a. X: Hours spent for product X
b. X: Quantity to be produced for product X
c. X: Profit (contribution) margin for product X
d. None

2. Total profits are maximized when the objective function (as a straight line on a graph) is:
a. Nearest to the origin irrespective of the ‘feasible region'
b. Nearest to the origin and tangent to the ‘feasible region'
c. Furthest from the origin and tangent to the ‘feasible region'
d. Furthest from the origin irrespective of the ‘feasible region'

3. What is the equation of the labor constraint line for the welding department in this linear model?
a. 2X + 3Y = 1,500 hours
b. 3X + 2Y = 550 hours
c. 2X + 3Y = 550 hours
d. 3X + 2Y = 1,500 hours

4. What is the solution to this linear programming problem in terms of the respective quantities of X and Y to be produced if profits are to be maximized?
a. X = 0, Y = 500
b. X = 150, Y = 400
c. X = 400, Y = 150
d. X = 550, Y = 0
e. None

5. Which resource (constraint) is not bounding the feasible region?
a. Welding
b. Assembly
c. Paint
d. All Bounding

6. Welding, Assembly, and Paint availability hours are extended by 10% (added overtime) and problem is solved again. Following screen shot shows the MS Excel solver solution after this change. What is the value of Objective (Z)?
a. 65,000
b. 66,300
c. 67,600
d. 68,900
e. 69,300

7. Utilizing the initial given data if management wants to increase the profit more what would you recommend?
a. Increase available hours for Welding
b. Increase available hours for Paint
c. Reduce hours needed to weld for X and/or Y
d. All above can be proposed
e. None of these can be proposed

Reference no: EM13910013

Questions Cloud

Find probability that at least 10 people will come to store : A local drugstore owner knows that, on average, 20 people enter his store eachhour, assume that the number of people that come into the store follows a Poissonprocess. Find the probability that at least 10 people will come to the store in 30 minute..
Period of time some of the toluene : An underground storage tank was used to store toluene. Over a period of time some of the toluene leaked from the tank, contaminating the soil and groundwater below the tank.
What the relative risk that bag of tortilla chips produced : What is the relative risk that a bag of tortilla chips produced at Plan A had more chips than the Labeled quantity as compared to Plant B
Question regarding the carbonic acid solution : What will the pH of the solution be when 0.1316 L of 2.1 M NaOH are added to the 421 mL of 0.501 M carbonic acid? How many mL of the 2.1 M NaOH are needed to raise the pH of the carbonic acid solution to a pH of 6.019?
What is the equation of the labor constraint line : What is the equation of the labor constraint line for the welding department in this linear model
What are adfts and what is their purpose? : What are ADFts and what is their purpose?
Longitudinal strategic development study for asda : Longitudinal Strategic Development Study for ASDA, Justify by using theories like BOSTONS MATRIX or ANSOFF  Matrix also use Porters Diamonds
What error are we talking about in context of an interval : Explain what is meant by the margin of error for a confidence interval. What error are we talking about in the context of an interval for m?
What is the current price of a share of kewco equity : Suppose KewCo is considering a product line that will provide expected new net cash flows of $100,000 per year for 4 years. What is the maximum amount KewCo would be willing to pay for this new product line today?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

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

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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