Ask Statistics and Probability Expert

Mary Custard's is a pie shop that specializes in custard and fruit pies.  It makes delicious pies and sells them at reasonable prices so that it can sell all the pies it makes in a day.  Every dozen custard pies nets Mary Custard's $15 and requires 12 pounds of flour, 50 eggs, 5 pounds of sugar and no frut mixture.  Every dozen fruit pies nets a $25 profit and uses 10 pounds of flour, 40 eggs, 10 pounds of sugar, and 15 pounds of fruit mixture.

On a given day, the bakers at Mary Custard's found that they had 150 pounds of flour, 500 eggs, 90 pounds of sugar, and 120 pounds of fruit mixture with which to make pies.

a. Formulate and solve a linear program that will give the optimal production schedule of pies for the day.

b. If Mary Custard's  could double its profit on custard pies, should more custard pies be produced?  Explain.

c. If Mary Custard's raised the price (and hence the profit) on all pies by $0.25 ($3 per dozen), would the optimal production schedule for the day change? Would the profit change?

d. Suppose Mary Custard's found that 10% of its fruit mixture had been stored in containers that were not air-tight. For quality and health reasons, it decided that it would be unwise to use any of this portion of the fruit mixture.  How would this affect the optimal production schedule?  Explain.

e. Mary Custard's currently pays $2.50 for a five pound bag of sugar from its bakery supply vendor. (The $0.50 per pound price of sugar is included in the unit profits given earlier.)  Its vendor has already made its deliveries for the day.  If Mary Custard's wishes to purchase additional sugar, it must buy it from Donatelli's Market, a small local independent grocery store that sells sugar in  one-pound boxes for $2.25 a box.  Should Mary Custard's purchase any boxes of sugar from Donatelli's Market? Explain.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91767060
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Introduction to epidemiology assignment -assignment should

Introduction to Epidemiology Assignment - Assignment should be typed, with adequate space left between questions. Read the following paper, and answer the questions below: Sundquist K., Qvist J. Johansson SE., Sundquist ...

Question 1 many high school students take the ap tests in

Question 1. Many high school students take the AP tests in different subject areas. In 2007, of the 144,796 students who took the biology exam 84,199 of them were female. In that same year,of the 211,693 students who too ...

Basic statisticsactivity 1define the following terms1

BASIC STATISTICS Activity 1 Define the following terms: 1. Statistics 2. Descriptive Statistics 3. Inferential Statistics 4. Population 5. Sample 6. Quantitative Data 7. Discrete Variable 8. Continuous Variable 9. Qualit ...

Question 1below you are given the examination scores of 20

Question 1 Below you are given the examination scores of 20 students (data set also provided in accompanying MS Excel file). 52 99 92 86 84 63 72 76 95 88 92 58 65 79 80 90 75 74 56 99 a. Construct a frequency distributi ...

Question 1 assume you have noted the following prices for

Question: 1. Assume you have noted the following prices for paperback books and the number of pages that each book contains. Develop a least-squares estimated regression line. i. Compute the coefficient of determination ...

Question 1 a sample of 81 account balances of a credit

Question 1: A sample of 81 account balances of a credit company showed an average balance of $1,200 with a standard deviation of $126. 1. Formulate the hypotheses that can be used to determine whether the mean of all acc ...

5 of females smoke cigarettes what is the probability that

5% of females smoke cigarettes. What is the probability that the proportion of smokers in a sample of 865 females would be greater than 3%

Armstrong faber produces a standard number-two pencil

Armstrong Faber produces a standard number-two pencil called Ultra-Lite. The demand for Ultra-Lite has been fairly stable over the past ten years. On average, Armstrong Faber has sold 457,000 pencils each year. Furthermo ...

Sppose a and b are collectively exhaustive in addition pa

Suppose A and B are collectively exhaustive. In addition, P(A) = 0.2 and P(B) = 0.8. Suppose C and D are both mutually exclusive and collectively exhaustive. Further, P(C|A) = 0.7 and P(D|B) = 0.5. What are P(C) and P(D) ...

The time to complete 1 construction project for company a

The time to complete 1 construction project for company A is exponentially distributed with a mean of 1 year. Therefore: (a) What is the probability that a project will be finished in one and half years? (b) What is 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

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