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Answer the following questions:
(a) Formulate a Linear Programming model for this shortest-path problem which includes decision variables, objective function and constraints. Before giving the objective function and constraints, state what your decision variables stand for.
(b) Determine the best way to get from Quincy (node 1) to Old Bainbridge (node 6) that will minimize total distance traveled. Use Excel-Solver tool to solve the shortest-route problem presented in the above network. Copy and paste the Excel Output to show your work.
(c) Due to bad weather, the roads going through nodes 2 and 3 have been closed. No traffic can get onto or off of these roads. Describe the impact that this will have (if any) on the shortest route through this network.
Attachment:- 580230_1_finalhw-mgmtDec.doc
Do you try to pad your insurance claim to cover your deductible? About 40% of all U.S. adults will try to pad their insurance claims. Suppose that you are the director of an insurance adjustment office.
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A study of vehicle flow characteristics on acceleration lanes found that one out of every six vehicles uses less than 1/3 of the acceleration lane before merging into the traffic.
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A) Describe the term population. B) Describe the term random sample. C) What is the difference between a population and a random sample?
if a gambler rolls a dice twice to get a sum of 10, he wins $10. and if he gets a sum of three, he wins $20. The cost to play the game is $5. What is the expectation of the game?
Suppose the probability of suffering a side effect from certain flu vaccine is 0.005. If 1000 persons are inoculated, find the approximate probability that: At most 2 persons suffer.
How many straight flush possible hands exist in Poker? (5 cards of 5 consecutive ranks, all in 1 suit, including Aces, Kings, Queens and Jacks). Explain.
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