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A furniture manufacturer produces tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 150 board feet of oak and 210 board feet of pine are available. A table requires either 17 board feet of oak or 30 board feet of pine. A chair requires either 5 board feet of oak or 13 board feet of pine. Each table can be sold for $40, and each chair can be sold for $15. Determine how this furniture manufacturer can maximize its revenue.
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Discuss Michael Porter's Competitive Forces Model. Provide examples to illustrate your points.
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If random variable X follows the Normal distribution. X~Normal(10,10). Which among the following statements are correct? Answer a. P(X b. P(X=10)=0 c. P(X>8)=1-P(X
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