Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Lauren Moore has sold her business for $500,000 and wants to spend in condominium units (which she intends to rent) and land (which she will lease to the farmer). She estimates that she will get an annual return of $8,000 for each condominium and $6,000 for each acre of land. A condominium unit costs $70,000, and land costs $30,000 per acre. A condominium will cost her $1,000 per unit, acre of land will cost $2,000 for maintenance and upkeep, and $14,000 has been budgeted for such annual expenses. Lauren wishes to know how much to spend in condominiums and land to maximize her annual return.

a. Formulate mixed integer programming model for this problem.

b. Solve this model using computer.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M922800

Have any Question? 


Related Questions in Statistics and Probability

The number of credits being taken by a sample of 13

The number of credits being taken by a sample of 13 full-time college students are listed below. Find the mean, median, and mode of the data, if possible. If any measure cannot be found or does not represent the center o ...

Entertainment software association would like to test if

Entertainment Software Association would like to test if the average age of "gamers" (those that routinely play video games) is more than 30 years old. A random sample of 33 gamers was selected and their ages were record ...

1 what are some ways in which scientists get ideas for

1. What are some ways in which scientists get ideas for their research? 2. Why can theories not be proved or disproved by research? 3. Given that proof and disproof are impossible in science, how does scientific knowledg ...

Its believed that as many as 20 of adults over 50 never

It's believed that as many as 20% of adults over 50 never graduated from high school. We wish to see if this percentage is the same among the 25 to 30 age group. a) How many of this younger age group must we survey in or ...

1 your eccentric aunt has left you 50000 in alcan shares

1) Your eccentric aunt has left you $50,000 in Alcan shares plus $100,000 cash. Unfortunately, her will requires that the Alcan stock not be sold for one year and that $60,000 cash must entirely be invested in T-bills wi ...

One study based on responses from 1013 teenagers concluded

One study based on responses from 1013 teenagers concluded that 42% cite grades as their greatest source of pressure. Use .05 significance level to test the claim that fewer than half of all teenagers in the population f ...

Identify a business related management problem translate

Identify a business related management problem translate the management problem into a hypothesis assumption accurately state the null hypothesis and alternative hypothesis.

Each of the following sentences violates a basic rule of

Each of the following sentences violates a basic rule of report writing. Indicate the relevant difficulty in each case. a. "The scale was coded to assess optimism, or lack thereof, in the participants." b. "Seven of the ...

A hospital emergency room analyzed n17665 hourly

A hospital emergency room analyzed n=17,665 hourly observations on its average occupancy rates using six binary predictor variables representing days of the week and two binary predictors representing the 8 hour work shi ...

A student scored 81 on a chemistry test and 75 on a history

A student scored 81 on a chemistry test and 75 on a history test. For the chemistry test, the mean was 70 and the standard deviation was 20. For the history test, the mean was 65 and the standard deviation was 8. Did the ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro