3. A company that operates 10 hours a day manufactures two products on three sequentialprocesses. The following table summarizes the data of the problem:Minutes per unitProductProcess 1Process 2Process 3Unit profit$2$31082010Determine the optimal mix of the two products using graphical solution. (Answer on yourgraphing paper)

Answered: 3. A company that operates 10 hours a…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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If Starbright Coffee Shop could get 1 more pound of coffee, which one should it be?What would be the effect on sales of getting 1 more pound of this coffee?• If the costs associated with increasing brewing capacity from 30 gallons to 40 gallonsper day come out to roughly $15 per day, would such a change be profitable?• If the shop spent $20 per day on advertising that would increase the relative demandfor Pomona to twice that of Coastal, should it be done?
Suppose you are the marketing manager of a firm, and you plan to introduce a new product to the market. You have to estimate the first year net profit, which depends on several variables • Sales volume (in units) • Price per unit • Unit cost . Fixed costs Your net profit is net profit = sales volume x (price per unit-unit cost) - fixed cost The fixed cost is $120, 000, but other factors have some uncertainty. Based on your market research, there are equal chance that the market will be slow, ok, or hot. • Slow market the sales volume follows Poisson distribution with mean 50,000 units product, and the average price per unit is $11.00 ● Ok market the sales volume follows Poisson distribution with mean 75,000 units product, the average price per unit is $10.00 Hot market: the sales volume follows Poisson distribution with mean 100,000 units product, but the competition is severe so you expect the average price per unit is just $8.00 No matter what the market type is, your average unit…
Exercise 2. Use the final project data to complete the following questions. Collaborate with your project partners and produce the Excel outputs for the first analysis listed on the project guidelines below. Read and follow the instructions carefully. The Excel outputs such as tables, graphs, summary statistics produced by using Excel. All statistics should not have more than 2 decimal places. All Excel outputs (such as graphs and summary statistics) for each related analysis must be fitted in one sheet. 2. To analyze the total number of items purchased, construct an ungrouped frequency distribution, graph, and find the summary statistics by each type of customer (regular/promotion). Label the graphs completely. Describe the shape of the distribution for each type of customer and discuss similarities or differences by interpreting the graphs and summary statistics. What can you conclude? 3. To analyze customer age, construct a frequency distribution, graph, and find…
Quantitative research: A. Emphasizes how a participant in a given setting constructs the world around the participant B. Involves data that are contained in context C. Involves data that have the potential for revealing complexities D. Emphasizes the answer to a specific research quota
The following table provides data on three popular protein supplements. (Figures shown correspond to a single serving.) Protein(g) Carbohydrates(g) Sodium(mg) Cost($) DesignerWhey (Next) 18 2 80 0.50 Muscle Milk(Cytosport) 32 16 240 1.60 Pure WheyProtein Stack(Champion) 24 3 100 0.60 You are thinking of combining Designer Whey and Muscle Milk to obtain a 7-day supply that provides exactly 448 grams of protein and 112 grams of carbohydrates. How many servings of each supplement should you combine in order to meet your requirements? Designer Whey ______ servingsMuscle Milk ______ servings What will it cost? $

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