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

Jullian was curious if regular excise really helps weight

Jullian was curious if regular excise really helps weight loss,she decided to perform a hypothesis test. A random sample of 5 Kansas State students was chosen. The students took a 30-minute exercise every day for 6 month ...

Case study mikhail gorbachevs 1988 un speechif the pace of

Case Study: Mikhail Gorbachev's 1988 UN SpeechIf the pace of improving US-Soviet relations seemed rapid, Mikhail Gorbachev's speech to the United Nations General Assembly would shift the process into overdrive.  In this ...

A real number x is randomly chosen from the interval 010

A real number X is randomly chosen from the interval [0,10], dividing the interval into a left and a right side. Find the probability that the left side is at least four times as big as the right.

Simple takes about 25 minutes to answer in a study

Simple! (Takes about 25 minutes to answer.) In a study evaluating "Why minority males graduate American high-schools at lower rates than their counterparts", the following is needed: 1) Envisioned Quantitative Design 2) ...

1 why must a different t-test be used for matched-subjects

1. Why must a different t-test be used for matched-subjects and within-subjects designs than for randomized groups designs? 2. What was W. S. Gosset's contribution to behavioral research?

Imagine that you predicted a moderate correlation between

Imagine that you predicted a moderate correlation between people's scores on a measure of anxiety and the degree to which they report having insomnia. You administered measures of anxiety and insomnia to a sample of 30 p ...

Problem 1 a menu offers a choice of 3 salads 8 main dishes

Problem 1. A menu offers a choice of 3 salads, 8 main dishes, and 5 desserts. How many different meals consisting of one salad, one main dish, and one dessert are possible? Problem 2. Wing has different books to arrange ...

Suppose that x is a continuous random variable with pdf fxx

Suppose that X is a continuous random variable with pdf fx(x) = (lambda/2)e-lambda(abs(x)) for -infinity (question also attached for clarity)

The weights of the fish in a certain lake are normally

The weights of the fish in a certain lake are normally distributed with a mean of 13 lb and a standard deviation of 12. If 16 fish are randomly selected, what is the probability that the mean weight will be between 10.6 ...

Ron and veronica need to choose a name for their newborn

Ron and Veronica need to choose a name for their newborn daughter. After giving the matter much thought, they have narrowed the list of possible names to four: Abigail, Iris, Irene, and Olga. They now must choose one nam ...

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen