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A farmer has 10 acres to plant in wheat and rye. He has to plant at least 7 acres. However, he has only $1200 to spend and each acre of wheat costs $200 to plant and each acre of rye costs $100 to plant. Moreover, the farmer has to get the planting done in 12 hours and it takes an hour to plant an acre of wheat and 2 hours to plant an acre of rye. If the profit is $500 per acre of wheat and $300 per acre of rye how many acres of each should be planted to maximize profits?
The chief actuary has assigned you the project of developing rates for liability coverage for their new classic and antique car liability coverage program.Calculate the rate per exposure unit using the pure premium method
The specification limits for a component are 6.0 +/- .01 inches, respectively. The process standard deviation is .005, and the process average is 6.005 inches. Is this process capable of achieving four-sigma performance (the four-sigma performance ta..
Think of the last time you bought a pair of shoes. How does the process of buying those shoes cut across the stores various functional lines? What information from your receipt would need to be available to the business functions? Which business func..
Ethical "Hot Spots." These are grouped into categories. 1. Choose one "hot spot" listed in each of the following categories: Legal Issues, Boundary Issues, and Confidentiality Issues. Your choices should be of particular "hot spots" that you are surp..
To ensure a full line of outdoor clothing and accessories, the marketing department at Teddy Bower insists that they also sell waterproof hunting boots.
Are there any benefits or negative side effects of technology in business? Discuss. Do you agree that society is intoxicated with technology? Does this pose special problems for business with respect to the ethics of technology? Will such intoxicatio..
As issues or complications arise with regards to project communications it may become necessary to escalate the issue if a resolution cannot be achieved within the project team. Project stakeholders may have many different conflicting interests in a ..
Cheryl hired Golden Construction Co. to build a house for her. The plans for the house were complex, and expert workmanship was required. After the house was completed, Cheryl liked it so much that she promised to pay Golden a $4,000 bonus. Later, Go..
Discuss the conditions for work flow efficiency in each of the five basic configurations described by Mintzberg i.e. via these structures Five basic parts
Evaluate the role of an Executive Level BPM Group. Who would be members of that group and how is this group responsible for reducing resistance to change? Deduce at least one method by which the organization can reduce change resistance?
What are the major strengths and weaknesses of the nursing home survey process in assuring that residents have high levels of quality of care and quality of life? What do you consider to be the key areas for developing quality metrics in home and com..
At the start of the season, how much salt (in tons) should Homer have available in its storage sheds - how many options should Homer purchase from ASM?
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