Solving the given analysis by using graphical method

Assignment Help Basic Statistics
Reference no: EM1319964

A company produces two products that are processed on two assembly lines. Assembly line 1 has 100 available hours, and assembly line 2 has 42 available hours. Each product requires 10 hours of processing time on line 1, while on line 2 product 1 requires 7 hours and product 2 requires 3 hours. The profit for product 1 is $6 per unit, and the profit for product 2 is $4 per unit.

Solve this model by using graphical analysis.

Reference no: EM1319964

Questions Cloud

Force exerted by the wind on the sails of a sailboat : A 4.79 crate is suspended from the end of a short vertical rope of negligible mass. An upward force is applied to the end of rope, and the height of the crate above its initial position is given by + (0.61) what is the magnitude of the force when ..
Formulation of linear programming problem : Formulate a linear programming model for this problem.
Philosophy of proper business ethics : What is your philosophy of proper business ethics? Develop at least five different points or arguments that support your thinking. Use outside research, textbook analysis and our course as a resource.
Calculate exponentially smoothed forecast using alpha value : Calculate an exponentially smoothed forecast, using an alpha value of .30.
Solving the given analysis by using graphical method : The profit for product 1 is $6 per unit, and the profit for product 2 is $4 per unit. Solve this model by using graphical analysis.
Conclusions of empirical research : How do you determine if the conclusions of empirical research are logically supported or not? Do conclusions that are not logically supported invalidate the entire study? Why or why not?
Find the tension in the string at the instant : A 1.00 kg glider on a horizontal air track is pulled by a string at an angle θ. The taut string runs over a pulley and is attached to a hanging object of mass 0.500 kg .
Initially at rest in a uniform electric field with magnitude : A box of books weighing 397 N is shoved across the floor by a force of 543 N exerted downward at an angle of 37 degrees below the horizontal.
Estimating confidence interval using the given data : What is the 95% confidence interval estimate of the mean television viewing time per week during the 8:00 p.m. to 11:00 p.m. time period?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Estimating population mean value

What is the value of the population mean? What is the best estimate of this value?

  Determining within-group slope

Determine and report the within-group slope which relates Y to Xc (for this, you will have to look at your regression printout).

  Determining probability for binomial distribution

Find the probability that at least one subject experiences headaches. Is it unusual to have at least one of six subjects experience headaches?

  Confidence interval around the mean

Compute the 95% confidence interval around the mean of each of the three groups and plot the confidence interval in the space provided above.

  Explaining a type one and type two error for situation

Explain a Type I error for this situation. Explain a Type II error for this situation.

  Which of the following anova tables would have resulted

An experiment was carried out to assess the effects of four tomato varieties and four planting densities on yield. There were 64 plots, and each of the 16 factor combinations was randomly assigned to 4 plots. A partial ANOVA table

  Determining joint pmf and correlation coefficient

Die with 4 sides {1, 2, 3, 4} is tossed 2 times. Let X equal maximum of two observations and let Y equal minimum. Determine joint pmf of X and Y, and correlation coefficient. Are X and Y independent?

  Determining the variance of firm-s profit

Determine the variance of firm's profit for the month.

  Critical value based on f-distribution

The null hypothesis is to be tested at the 10% level of significance. The critical value from the table is:

  Explaining two-tailed two-sample and chi-square

As it is a 2 _ 2 table, try also two-tailed two-sample z test for ð1 = ð2 and verify that z2 is same as your chi-square statistic. Which test do you favour? Describe why?

  Single mean z-test

At the 5% significance level, if the sample proportion is .45, and the standard error of the sample proportion is .035, the appropriate conclusion would be:

  Computing the probability value based on the bayes rule

What is the probability that a student who has failed the test came from the South District?

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