Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Consider the following linear programming problem: A workshop of Peter's Potters makes vases and pitchers. Profit on a vase is $3.00; profit on a pitcher is $4.00. Each vase requires ½ hour of labor, each pitcher requires 1 hour of labor. Each item requires 1 unit of time in the kiln. Labor is limited to 4 hours per day and kiln time is limited to 6 units per day. Initial and final tableaux are shown in finding the production plan which will maximize profits: (x = number of vases and y = number of pitchers made per day).

X y u v M x y u v M
½ 1 1 0 0 4 0 1 2 -1 0 2
1 1 0 1 0 6 1 0 -2 2 0 4
-3 -4 0 0 1 0 0 0 2 2 1 20

(initial) ( final)

How much surplus labor is there when the optimal plan is in effect?

a. 0 hours
b. 2 hours
c. 4 hours
d. 1 hour
e. None of the above

If labor were increased by one hour a day, profits could be increased to:

a. $24
b. $22
c. $21
d. Not increased
e. None of the above

If labor were increased by one hour a day, the optimal production plan would require how many vases?

a. 2
b. 3
c. 4
d. 1
e. None of the above

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91630961
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

1 suppose that a company selects two people who work

1. Suppose that a company selects two people who work independently inspecting two-by-four timbers. Their job is to identify low-quality timbers. Suppose that the probability that an inspector does not identify a low-qua ...

When you purchased your house you took out a 30-year

When you purchased your? house, you took out a? 30-year annual-payment mortgage with an interest rate of 7% per year. The annual payment on the mortgage is 16,803. You have just made a payment and have now decided to pay ...

Iformatics and financial applicationsbackgroundthe

Informatics and Financial Applications Background The assignment of a payroll calculator demonstrates Excels ability to automate and present financial calculation information clearly. The ability to build and professiona ...

If we are interested in job satisfactionname a variable

If we are interested in job satisfaction. Name a variable that correlates with job satisfaction but we do not have causation. Name a variable that you believe may have a casual relationship with job satisfaction. Name a ...

Recent test scores on the law school admission test lsat

Recent test scores on the Law School Admission Test (LSAT) are normally distributed with a mean of 162.4 and a standard deviation of 15.9. What is the probability that the mean of 12 randomly selected scores is less than ...

Amount of emails mean30find the probability that 20 emails

Amount of emails. Mean=30 Find the probability that 20 emails are received on the first day and 50 emails are received on the second day.

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 ...

What are the uses and value of statistical significance

What are the uses and value of statistical significance testing and the p-value as demonstrated in the various analytical techniques (t-tests, ANOVA, chi-square, etc.). What's the fundamental reason we apply these techni ...

Tossing a fair coin three times whats the probability that

Tossing a fair coin three times, what's the probability that at least one head will occur?

A business analyst in the washington dc area looked at the

A business analyst in the Washington, D.C. area looked at the following Christmas 2016 and 2017 toy sales in Metro D.C. Six toy stores were were contacted and shared the following information where x is 2016 sales and y ...

  • 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