A cement delivery company has a fleet of trucks that weigh is 6,700 kg unloaded. The trucks are loaded with 800 bags of cement, each of which has a mean weight of 44 kg and a standard deviation of 5 kg. Assume that the bag weights are independent and identically distributed. Truck weights are limited to 42,000 kg to avoid damaging the road, and overweight fines are as follows. i. Excess weight less than 125 kg: Fine of $2000 ii. Excess weight between 125 kg and 200 kg: Fine of $4000 iii. Excess weight over 200 kg: Fine of $6000 What is the maximum number of bags that can be loaded if the expected fine per truck should not exceed $200? (This problem needs to be solved by trial and error. What is the matlab code?
A cement delivery company has a fleet of trucks that weigh is 6,700 kg unloaded. The trucks are loaded with 800 bags of cement, each of which has a mean weight of 44 kg and a standard deviation of 5 kg. Assume that the bag weights are independent and identically distributed. Truck weights are limited to 42,000 kg to avoid damaging the road, and overweight fines are as follows. i. Excess weight less than 125 kg: Fine of $2000 ii. Excess weight between 125 kg and 200 kg: Fine of $4000 iii. Excess weight over 200 kg: Fine of $6000 What is the maximum number of bags that can be loaded if the expected fine per truck should not exceed $200? (This problem needs to be solved by trial and error. What is the matlab code?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
A cement delivery company has a fleet of trucks that weigh is 6,700 kg unloaded. The trucks are loaded with 800 bags of cement, each of which has a mean weight of 44 kg and a standard deviation of 5 kg. Assume that the bag weights are independent and identically distributed. Truck weights are limited to 42,000 kg to avoid damaging the road, and overweight fines are as follows.
i. Excess weight less than 125 kg: Fine of $2000
ii. Excess weight between 125 kg and 200 kg: Fine of $4000
iii. Excess weight over 200 kg: Fine of $6000
What is the maximum number of bags that can be loaded if the expected fine per truck
should not exceed $200?
(This problem needs to be solved by trial and error. What is the matlab code?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman