User Account

All Pages

What is the equation of the labor constraint line

Assignment Help Basic Statistics
Reference no: EM13910013

A company manufactures two products X and Y. Each product has to be processed in three departments: welding, assembly and painting. Each unit of X spends 2 hours in the welding department, 3 hours in assembly and 1 hour in painting. The corresponding times for a unit of Y are 3, 2 and 1 hours respectively. The employee hours available in a month are 1,500 for the welding department, 1,500 in assembly and 550 in painting. The contribution to profits are $100 for product X and $120 for product Y.

1. Which one is one of the decision variables for this problem?
a. X: Hours spent for product X
b. X: Quantity to be produced for product X
c. X: Profit (contribution) margin for product X
d. None

2. Total profits are maximized when the objective function (as a straight line on a graph) is:
a. Nearest to the origin irrespective of the ‘feasible region'
b. Nearest to the origin and tangent to the ‘feasible region'
c. Furthest from the origin and tangent to the ‘feasible region'
d. Furthest from the origin irrespective of the ‘feasible region'

3. What is the equation of the labor constraint line for the welding department in this linear model?
a. 2X + 3Y = 1,500 hours
b. 3X + 2Y = 550 hours
c. 2X + 3Y = 550 hours
d. 3X + 2Y = 1,500 hours

4. What is the solution to this linear programming problem in terms of the respective quantities of X and Y to be produced if profits are to be maximized?
a. X = 0, Y = 500
b. X = 150, Y = 400
c. X = 400, Y = 150
d. X = 550, Y = 0
e. None

5. Which resource (constraint) is not bounding the feasible region?
a. Welding
b. Assembly
c. Paint
d. All Bounding

6. Welding, Assembly, and Paint availability hours are extended by 10% (added overtime) and problem is solved again. Following screen shot shows the MS Excel solver solution after this change. What is the value of Objective (Z)?
a. 65,000
b. 66,300
c. 67,600
d. 68,900
e. 69,300

7. Utilizing the initial given data if management wants to increase the profit more what would you recommend?
a. Increase available hours for Welding
b. Increase available hours for Paint
c. Reduce hours needed to weld for X and/or Y
d. All above can be proposed
e. None of these can be proposed

Reference no: EM13910013

Questions Cloud

Find probability that at least 10 people will come to store : A local drugstore owner knows that, on average, 20 people enter his store eachhour, assume that the number of people that come into the store follows a Poissonprocess. Find the probability that at least 10 people will come to the store in 30 minute..
Period of time some of the toluene : An underground storage tank was used to store toluene. Over a period of time some of the toluene leaked from the tank, contaminating the soil and groundwater below the tank.
What the relative risk that bag of tortilla chips produced : What is the relative risk that a bag of tortilla chips produced at Plan A had more chips than the Labeled quantity as compared to Plant B
Question regarding the carbonic acid solution : What will the pH of the solution be when 0.1316 L of 2.1 M NaOH are added to the 421 mL of 0.501 M carbonic acid? How many mL of the 2.1 M NaOH are needed to raise the pH of the carbonic acid solution to a pH of 6.019?
What is the equation of the labor constraint line : What is the equation of the labor constraint line for the welding department in this linear model
What are adfts and what is their purpose? : What are ADFts and what is their purpose?
Longitudinal strategic development study for asda : Longitudinal Strategic Development Study for ASDA, Justify by using theories like BOSTONS MATRIX or ANSOFF  Matrix also use Porters Diamonds
What error are we talking about in context of an interval : Explain what is meant by the margin of error for a confidence interval. What error are we talking about in the context of an interval for m?
What is the current price of a share of kewco equity : Suppose KewCo is considering a product line that will provide expected new net cash flows of $100,000 per year for 4 years. What is the maximum amount KewCo would be willing to pay for this new product line today?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Expected to change as the arrival rate

Suppose that the service rate to a waiting line system is 10 customers per hour (exponentially distributed). Analyze how the average waiting time is expected to change as the arrival rate varies from two to ten customers per hour (exponentially d..

  Percentiles of known normal distributions

All standard IQ test scores are normally distributed and are set up so that the mean score is 100. However, the standard deviation differs from test to test.

  Chance number who say yes in properly drawn random sample

What is the chance that the number who say "yes" in a properly drawn random sample of 500 will be smaller than 360?

  Application of z score and probability

Suppose that SAT score is normally distributed with a mean 988 and a standard deviation of 211 in 2004.A local college plans to set up a scholarship budget for 2005 where $5000 will be awarded to each incoming freshman whose SAT score is higher th..

  A political party suspects there are differences in

question a political party suspects there are differences in presidential candidate preferences based on age. a

  A testing device is claimed to have high reliability

a testing device is claimed to have high reliability insofar as pabpacomplementbcomplement p where adevice indicates

  Assignment on conditional probability

Problem 1: What is the probability of drawing a heart, given that you drew a queen? Problem 2: What is the probability of rolling an even that you roll a two?

  Set up and interpret a confidence interval

The average amount of insulation in the sample of household is 12 inches. The sample standard deviation is 15 inches. Set up and interpret a 95% confidence interval.

  Epa studies of fuel consumption indicate compact car

epa studies of fuel consumption indicate compact car mileage to be normally distributed with a mean of 25.5 miles per

  An entrepreneur is considering the purchase of a

an entrepreneur is considering the purchase of a coin-operated laundry. the current owner claims that over the past 5

  Percentage of women who meet height requirement

A survey found that women's heights are normally distributed with mean 63.6 in and standard devistion 2.5 in. a branch of the military requires women's heights to be between 58 in and 80 in. What is the percentage of women who meet the height requ..

  Distribution as symmetric-left skewed-right skewed

a) How is it possible that the minimum of the 365 values is 0 inches and the median is also 0 inches? b) Describe the distribution as symmetric, left-skewed or right-skewed.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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