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1. Consider the MSA marketing research example dis- cussed in Section 3.3 (page 74) of Chapter 3. Use the Sensitivity Report for this LP model (shown in Screenshot 4-7 on page 150) to answer the following questions. Each question is independent of the others. (a) What is the maximum unit cost that will make it worthwhile to include in the survey persons 30 years of age or younger who live in a border state? (b) What is the impact if MSA wants to increase the sample size to 3,000?
2. Suppose that Strollers-to-Go (Problem 4-24) is considering the production of TwinTotes for fami- lies who are doubly blessed. Each TwinTote would require $7.10 in materials, 4 hours of fabrication time, 2 hours of sewing time, and 2 hours to assem- ble. Would this product be economically attractive to manufacture if the sales price were $86? Why or why not?
3. Consider the Classic Furniture product mix problem (Problem 4-28). For each of the following situations, what would be the impact on the production plan and profit? If it is possible to compute the new profit or production plan, do so. (a) OFCs for oak tables and cherry tables each decreases by $15. (b) OFCs for oak tables and oak chairs are reversed. (c) OFCs for pine tables and pine chairs are reversed. (d) OFCPine Table increases by $20 while at the same time the OFCPine Chair decreases by $10. (e) Unit profits for all three types of chairs are increased by $6 each.
Questions from book managerial decision modeling.
Check in each case whether the values of n and θ satisfy the rule of thumb for a good approximation, an excellent approximation, or neither when we want to use the Poisson distribution to approximate binomial probabilities.
the number of flaws in a fiber optic cable follows a poisson process with an average of 0.6 per 100 feet.a find the
There are 2 parts to the assignment. Note that part two is asking for six sources to be reviewed. Please place both assignments into one paper. The different questions should be clearly marked so your professor knows which question you are addres..
What is the predicted blood pressure for an average 17 year old as estimated from the regression line? And the standard error of the estimate for a 17year old ?
To assess opinion of students at Ohio State University about campus safety, reporter for student newspaper interviews 15 students she meets walking on campus.
The mill has the ability to run the same grade on multiple paper machines. Compare the relationship between the two instruments for the following (consider both average and variability):
Suppose nothing in this environment changes. a) Compute the probability the mean number of attacks over the next 10 years is between 500 and 600.
association we know association does not imply causation but what does this mean in your own words. provide and discuss
there are 14 marketing firms hiring new graduates. kate randomly found the recruitment ads of six of these firms and
The data collected was for each car for each type of fuel. Performance was measured in miles per gallon. Perform an ANOVA test and state the results.
The demand for a product is 600 units per week, and the items are withdrawn at a constant rate. The setup cost for placing an order to replenish inventory is $25. The unit cost of each item is $3, and the inventory holding cost is $0.05 per item ..
An independent-measures research study was used to compare two treatment conditions with n = 4 participants in each treatment. The first treatment had a mean of M = 58 with a variance of s^2 = 28, and the second treatment had M = 52 with s^2 = 36.
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