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1) Western Clothing Company produces denim jeans. Each month the company incurs a fixed cost of $10,000 and variable cost of $8 per pair of jeans. Demand for the jeans depends on the price (P) according to the following relationship: Demand = 1,500 - 24.6P. a) Formulate and solve an optimization problem to determine the price Western Clothing Company should charge for denim jeans to maximize profit. What is the profit associated with this price? b) Western Clothing Company has prepared for a one month sale on the jeans by advertising the denim jeans will cost $20 or less the next month. What price should they change for the jeans next month to maximize profit without exceeding the advertised price of $20. c) What is the impact of the sale on monthly profits?
In a normal distribution of measurements having a mean of 500 feet and a standard deviation of 50 feet, what percent of the distribution falls between 490 and 520 feet?
A randomized, controlled experiment investigated
1. first carefully check for any typing mistakes in the data.for example i noticed the birth year for some students as
What are the chances of getting 15 days of rain during the next 30 days and what do you think about Joe's assumptions concerning the weather for the next 30 days?
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A random sample of 20 purchases showed the amounts in the table (in $). 20.20 21.74 62.41 82.16 44.39 45.32 66.55 46.67 27.15 51.24 85.64 31.84 71.85 53.02 33.74 86.93 14.81 54.32 77.2359.17
Write a multiple regression equation that can be used to analyze the data for a two-factorial design with two levels for factor A and three levels for factor B. Define all variables
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Jack weighs 160 pounds and his sister weighs 110 pounds. If the mean weight for men his age is 175 with a standard deviation of 14 pounds and the mean weight for women is 145 with a standard deviation of 10 pounds, determine whose weight is closer to..
A researcher hypothesizes that people who listen to music via ear buds have greater hearing loss than those in the general population. On a standard hearing test, the mean (μ) is 24.75. Higher values indicate better hearing
What proportion of trucks can be expected to travel between 80,000 and 120,000 kilometres in the year and what percentage of trucks can be expected to travel either below 60,000 or above 140,000 kilometres in the year -How many kilometres will be tra..
What is the probability that at least 375 of the 500 complaints will be settled this year?
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