Linear optimization.

Assignment Help Basic Statistics
Reference no: EM13528749

Linear Optimization.
A brand manager for ColPal Products must determine how much time to allocate between radio and television advertising during the next month. Market research has provided estimates of the
audience exposure for each minute of advertising in each medium, which it would like to maximize. Costs per minute of advertising are also known, and the manager has a limited budget of $25,000.
The manager
has decided that because television ads have been found to be much more effective than radio ads, at least 70% of the time should be allocated to television. Suppose that we have the following
data: Type of Ad Exposure/Minute
$ 400
a. Identify the decision variables, objective function, and constraints in simple verbal expressions.
b. Mathematically formulate a linear optimization model.

Reference no: EM13528749


Write a Review


Basic Statistics Questions & Answers

  Interpret the decision regarding the null hypothesis

At the .01 significance level can we conclude the mean age is more than 8.4 years for the cars of university students? Compute the value of the test statistic.

  Find evidence to show mean oil change time is different

Standard deviation of 8.3 minutes. Assuming normality, at the a = .05 level, is there enough evidence to show the mean oil change time is different?

  Problem based on combinatory

Problem based on combinatory - how many different license plates are possible?

  Find expected value and standard error for difference

A coin is tossed 100 times. The difference "number of heads - number of tails" is like the sum of 100 draws from one of the following boxes. which one, and why?

  Calculating taxable income

Madison Metals recently reported $9,000 of sales, $6,000 of operating costs other than depreciation, and $1,500 of depreciation. The company had no amortization charges and no non-operating income.

  Making frequency distribution

The caffeine content of 20 brands of regular coffee is shown below. 80 82 89 85 87 30 33 44 40 46 50 55 60 62 71 90 92 75 63 65. Thus, this job helps to construct a Frequency Distribution with a class interval of 10, starting with 30.

  Find the approximate probability

Do the data demonstrate that the true mean photometer reading for the color density is significantly different from 12 at 3 percent level of significance?

  Find legitimate to use a directional hypothesis

If H0 is in reality false and it is legitimate to use a directional H1, which of the following will yield a more powerful test? one-tailed alternative hypothesis

  Determine the probability that weight is below than a range

Suppose that women's weights are normally distributed with the mean given by mu=143 lb and standard deviation given by sigma=29 lb.f 1 woman is arbitarily selected, determine the probability that her weight is below 113

  Question of central limit theorem

The time spent by a factory worker A packing a box is a random variable with mean 3.5 minutes and standard deviation 1 minute. The times spent packing any two boxes are independent.

  Create probability tree and table for marginal probabilities

10% of the north district students failed, 15% of the south district students failed, and 5% of the central district students failed. Develop a joint probability table.

  Find the expression for variance of the estimate

The inventory value is estimated by the sum of book values of population and N-D, where N is population size at top ,D at bottom. show that the estimate is unbiased. Find an expression for the variance of the estimate.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd