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The Elixer Drug Company produces a drug from two ingredients. Each ingredient contains the same three antibiotics, in different proportions. One gram of ingredient 1 contributes 3 units, and 1 gram of ingredient 2 contributes 1 unit of antibiotic 1; the drug requires 6 units. At least 4 units of antibiotic 2 are required , and the ingredients contribute 1 unit each per gram. At least 12 units of antibiotic 3 are required; a gram of ingredient 1 contributes 2 units, and a gram of ingredient 2 is $50. The company wants to formulate a linear programming model to determine the number of grams of each ingredient that must go into the drug in order to meet the antibiotic requirements at the minimum cost.
The following data represent the monthly service fee in dollars if a customer's account falls below the minimum required $1,500 balance for a sample of 26 banks
Build a regression model
Consider a machine that fills soda bottles.
2. The producers of a new toothpaste claim that it prevents more cavities than other brands of toothpaste. A random sample of 60 people used the new toothpaste for 6 months. The mean number of cavities at their next checkup is 1.5. In the ge..
Decide how many of each of the following products your company should produce. The labor needed to produce product 1 is 4 hours, product 2 requires 9 hours of labor. Product 1 and product 2 both require 1 hour of inspection time before shipping. The ..
there is a statistical difference between the ages of the sexes in the group.
Develop a sales forecast for each store for December Plot the data for each store.Use data in table.
ANOVA and Factorial Designs
According to the Center on Budget and Policy Priorities article "Curbing Flexible Spending Accounts Could Help Pay for Health Care Reform" (revised June 10, 2009), flexible spending accounts encourage the over-consumption of health care; people buy t..
Work up a simulation model to examine the uncertainty for five different investment projects. p1 = 0.5, p2 = 0.35, p3 = 0.65, p4 = 0.58, p5 = 0.45. The outcomes of the projects should be viewed as independent since the projects are run by di..
A decision maker's worst option has an expected value
Identify stories that exist in the data provided. A "story" is an analysis of what the data shows rather than just what the data says. Said another way, how might you interpret the data?
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