Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

3.Arizona Semiconductor is trying to determine the best place to build a manufacturing plant.  Arizona wants it to be centrally located between six of its assembly facilities. These assembly facilities are mapped on a two-dimensional grid using x,y coordinates as follows:

Facility

x

y

1

12

101

2

33

42

3

22

75

4

38

82

5

24

69

6

35

48

Where should the new manufacturing plant be built in order to minimize the distance between all the assembly facilities? The answer should be an x,y coordinate. Use the formula to determine the distance between the new plant and an assembly facility, where x,y represents the location of the new plant and represents the location of any particular assembly facility.

4. Arizona Semiconductor is trying to determine which R&D projects to fund for the upcoming fiscal year. The company has a limit of $200,000 and 10 researchers available for R&D to be spread between several projects. The table below shows the resources required for each project for the upcoming year and the expected annual profit from each project.

 

Project

1

2

3

4

5

6

Expense ($)

75

100

25

43

55

12

Number of Researchers

7

4

4

6

2

1

Profit ($)

92

85

4

72

50

15

 
  1. Which projects should the company choose to maximize expected annual profit? How much is that profit? Set this up as a spreadsheet using Solver.
  2. Suppose the company determines that that it must select either project 5 or 6 but not both. Does this change the list of projects the companies should undertake? How?
  3. If the company wants to increase the amount of R&D it does in the upcoming year, should it allocate more funding or hire more researchers? 

5. The AppleBerry Company makes a mix of three types of electronic devices: MP3 players, eReaders, and tablet computers. The company is trying to determine which products to make to optimize its profits. Each product requires a specific number of hours in fabrication, assembly, and machining. In addition, to save on expenses, all the devices have been engineered to use the same basic raw materials. The table below details the hours and costs involved, as well as the profit per device. AppleBerry has a total of 2000 hours of fabrication, 3200 hours of assembly, and 1600 hours of machining currently available per month. It also has budgeted to purchase $9200 of raw materials each month.

Device

Fabrication Hours Required

Assembly Hours Required

Machining Hours Required

$ of raw Materials Needed

Profit per Device

MP3 Player

6

6

9

$30

$16

eReader

6

8

6

$40

$20

Tablet

2

12

8

$25

$14

 Answer the following questions:

  1. Given the current situation, what product mix should AppleBerry use to maximize its monthly profits? What is the optimized monthly profit? Set this up as a spreadsheet using Solver.
  2. If AppleBerry chooses to commit more resources to increase profits, should it purchase more fabrication time, assembly time, machining time, or raw materials?

6. Snoo Coffee Company creates three blends of coffee: budget, classic, and premium. The coffee blends are composed of four ingredients: A, B, C, and D. The table below shows the percentage of each component that are in each blend and the cost per pound for that ingredient. The blends have a wholesale price of $2.50, $3.00, and $4.50 for budget, classic, and premium, respectively.  A limited amount of each ingredient is available on a weekly basis.

Ingredient

Budget

Classic

Premium

Cost/lb.

Max Weekly Availability

A

25%

35%

0%

$0.60

40,000

B

55%

25%

0%

$0.80

20,000

C

5%

10%

50%

$0.95

35,000

D

15%

30%

50%

$0.70

45,000

Snoo can make 100,000 pounds of coffee per week, and it wants to make a minimum of 25,000 pounds of each blend.  (20 points)

  1. In order to maximize weekly profits, how many pounds of each ingredient should be purchased?
  2. What is the shadow price of ingredient C?
  3. How much should Snoo be willing to pay for an additional pound of ingredient C to raise total profit?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91592533
  • Price:- $35

Priced at Now at $35, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Are there more children diagnosed with autism spectrum

Are there more children diagnosed with Autism Spectrum Disorder (ASD) in states that have larger urban areas over states that are mostly rural? In the state of Pennsylvania, a fairly urban state, there are 245 eight year ...

In a population of phd students 50 have paid assistant

In a population of Ph.D students 50% have paid assistant ships. A random sample of n=200 students are chosen. What is the expected number of students who have paid assistant ships in this sample?

1i your company currently hasnbsp1000nbspparnbsp65

1 i. Your company currently has $1,000 ?par, 6.5 % coupon bonds with 10 years to maturity and a price of $1,082. If you want to issue new? 10-year coupon bonds at? par, what coupon rate do you need to? set? Assume that f ...

A researcher working at a particular company wants to know

A researcher working at a particular company wants to know if workers' health would improve if they were given extra days 'off. In this company, all workers undergo a standard physical exam twice a year and after each ex ...

A lumber grading system is known to be defective 20 of the

A lumber grading system is known to be defective 20% of the time. Normally, 20% of the lumber that passes through is rejected, but when it is defective, 50% of the pieces are rejected. In either case, pieces that are acc ...

A car gets involved in an accident 80 of the time if it is

A car gets involved in an accident 80% of the time if it is defective. If it is not defective, the probability reduces to 40%. 30% of all cars are defective. If a car is involved in an accident, what is the probability t ...

You decide to research further this seemingly contradictory

You decide to research further this seemingly contradictory guidance, hypothesizing that the  true population average core body temperature  amidst higher ambient temperature and humidity levels while using an electric f ...

What are the ways that it can help comply with legal

What are the ways that IT can help comply with legal requirements and social responsibilities surrounding the sales of alcohol?

If an urn1 contains 6purle balls and 4red balls and urn2

If an Urn1 contains 6purle balls and 4red balls. And Urn2 contains 4purple balls and 6 red balls. Urn3 contains 4purple balls and 5red balls. If one of the urns is selected at random and a ball is drawn, what is the prob ...

Consider a hypothesis testing problem where the null and

Consider a hypothesis testing problem where the null and the alternative hypotheses are defined as H0 μ=5 Vs. H1 :μ≠5 H0:μ=5 Vs. H1:μ≠5 A 95% confidence interval for μ was calculated as (2, 7). A) What would be your conc ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As