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Rosenberg Land Development (RLD) is a developer of condominium properties in the Southwest United States. RLD has recently acquired a 40.625 acre site outside of Phoenix, Arizona. Zoning restrictions allow at most 8 units per acre. Three types of condominiums are planned: one, two, and three bedroom units. The average construction costs for each type of unit are $450,000, $600,000, and $750,000. These units will generate a net profit of 10%. The company has equity and loans totaling $180 million dollars for this project. From prior development projects, senior managers have determined that there must be a minimum of 15% one-bedroom units, 25% two-bedroom units, and 25% three-bedroom units. a. Develop a linear optimization model to determine how many of each type of unit the developer should build. b. Implement your model on a spreadsheet and find an optimal solution. c. Explain the value of and limitations on increasing the budget for the project.
Characteristics on patients participating in a clinical trial.
We expect to have a positive relationship between Advertising and Demand.
Mall security estimates that the average daily per-store theft is no more than $250, but wants to determine the accuracy of this statistic. The company researcher takes a sample of 64 clerks and finds that =$252 and s = $10.
To test the hypothesis that there is no association between use of postmenopausal hormones and risk of MI, chi-square statistics need to be calculated.
What percentage of the area of the standard normal distribution is between z = -2.00 and z = +2.00? How do you know this?
What is the conditional probability that a student likes gospel music if we know that he or she likes country music?
A bird lands on a power line of length L
1) A random sample of customer order totals with an average of $78.25 and a population standard deviation of $22.50. Calculate a 90% confidence interval fro the mean, given a sample size of 75 orders
A sample of 10 executives indicated that they spent an average of $11.30 with a sample standard deviation of 0.56 on lunch. Let = 0.05. What are the critical values?
What is this maximin value
Identify a business research topic, define the research questions for the identified problem or opportunity and select the appropriate research methodologies and techniques to use for the research project
The production manager for the XYZ manufacturing company
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