a.) Give an example of a business problem where simulation would be helpful. b.) Explain how the simulation is being used to make a business decision.
Q: 2) KARUNA OPENED A CANDY SHOP AND SELLS CHOCOLATE AND PEANUT BUTTER FUDGE BY THE POUND, THE…
A:
Q: Suppose you are running a factory, producing some sort of widget that requires steel as a raw…
A: Given information Labor cost=$20 per hour Steel cost=$170 per ton Here, h represents hour of labors…
Q: Management of AG Travel and Tour has identified two groups of individuals that would be interested…
A: The firms and organizations should deal with basic categories of revenues and costs so that they can…
Q: Malik is saving for a Playstation 5. He already has $120, and he is saving $20 per week. Is this…
A: This scenario is linear because his savings grow by a constant amount.
Q: thematics- Unit 6 EXIT TICKET Public Scheets me Date: amplete: D Rosie paid $38.40 for 12 tickets.…
A: (a) To find the table value, graph and equation: Rosie paid $38.40 for 12 tickets. Cost of 12…
Q: If there are about 2 adult female bears for every 1 adult male bear, then approximately how many…
A:
Q: Tyler decided to open a bakery because everyone he knew told him that his baked goods were “out of…
A:
Q: H. You own a bakery that produces two types of cakes: chocolate cakes and vanilla cakes. You need to…
A: To maximize profit, we need to determine the number of chocolate cakes and vanilla cakes to produce…
Q: You are deciding between two business models to sell your custom hoodies. Model 1 is a storefront…
A: Solve the given problem
Q: An investment manager has a dilemma of how to invest K10 000 000. He could either invest in stocks,…
A: Expected Monetary value is the average amount of money exchanged for a service or sale or…
Q: Advertising You are the marketing director for a company that manufactures bodybuilding supplements…
A: Given: You are the marketing director for a company that manufactures bodybuilding supplements and…
Q: 1. A breeder wants to mix two brands of pet food. Brand A contains 10 g of protein and Brand B…
A: Note: We will answer the first question only as the exact one is not specified. Please resubmit the…
Q: Which of the following is correct about the relationship between the GRG Nonlinear approach and the…
A: "Generalized Reduced Gradient method is a common way of solving non-linear optimisation problems."…
Q: Hi guys. There is a tire factory. This factory produces summer tires and winter tires. - Demand…
A: Given : Demand forecast planning model for winter tires and summer tires.
Q: SlackBoard, a company producing a Learning Management System (LMS) would like to know whether they…
A: Given data : sample size, n =63 sample mean, x̄ = 100 sample standard deviation,s= 48…
Q: Learning psychologist Edward Tolman wanted to determine if mice learned a maze through trial and…
A:
Q: Please don't provide handwritten solution ....
A: To solve this problem, we can set up a system of equations based on the constraints and the…
Q: A garage band wants to hold a concert. The expected crowd is 2,500 The average expenditure on…
A: The complete spreadsheet is given below : A B Expected Crowd 2500 Average Concessions…
Q: Investments: Financial Stocks At the end of September 2021, Toronto Dominion Bank (TD) stock cost…
A: We need to find the optimal allocation of the $25,800 investment between the two stocks (Toronto…
Q: The grain food company produces a grain food called Fortified Munchies, which is advertised as a…
A:
Q: Water Pursuits operates a chain of 10 retail surf and water sport apparel stores in Western…
A: Given: Dollar Value of merchandise purchased Number of Purchase orders Number of suppliers…
Q: 1. One specific factory can manufacture two different sizes of mixers. They earn a profit of $102 on…
A: Given is problem on linear programming problem about two mixers and thir cost of production. To…
Q: #7. Investment Advisors, Inc., is a brokerage firm that manages stock portfolios for a number of…
A: Graph the region bounded by the constraints.
Q: Advertising You are the marketing director for a company that manufactures bodybuilding…
A: Given, that the company manufactures bodybuilding supplements.Each one-page ad in Magazine A will be…
Q: Product Blend Example • Petroleum Mix Inputs Maximum Barrels Available/Day 4,500 2,700 3,500…
A:
Q: The management of Madeira Computing is considering the introduction of a wearable electronic device…
A:
Q: A tech company has developed a new compact, high efficiency battery for hand-held devices. Market…
A:
Q: Compare and contrast the objective variable and abstract variables, and also briefly explain the…
A: Variable: Variable is a characteristic that varies from one individual member of population to the…
Q: You have been offered two jobs! You don't know which one to accept. Costco has offered you…
A:
Q: Business administration club has a budget of 180 OMR to invest into two types of items: A and B. The…
A: Use the given conditions to formulate equations and inequalities. Determine the function to be…
Q: RBMC Industry manufactures a special printing according to customer specifications with respect to…
A: Given Information:Production rate is given as . increase in the production rate.Arrival rate is 3…
Q: You are an analyst for a consumer products company. You run a survey of 1000 customers and find that…
A: Given information: The probability that the customers use gel packs for laundry detergent is 0.8.…
Q: Pittsburgh Development corporation (PDC) purchased land that will be the site of a new luxury…
A: Note: Hi there! Thank you for posting the question. As your question has more than 3 parts, we have…
Q: (a) Explain the following with application by giving the examples in your own words. Write the…
A: 1. The objectives of operational research: The main objectives of operational research is: (1)…
Q: Acme Metals buys a sheet metal press for $140,000. They estimate that it will be worth $96,250 in 5…
A: Here, in the question, we have to set up a linear programming model for the situation where Acme…
Q: Find the maximum profit and the number of units that must be produced and sold in order to yield the…
A: The given revenue function Rx=60x-0.1x2 and the cost function Cx=6x+30. We have to find the maximum…
Q: Advertising You are the marketing director for a company that manufactures bodybuilding supplements…
A: Let x be the number of page of Ad in magazine A and y be the number of page of Ad in magazine B.…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Established in 2002, t-shirts.com has rapidly become the place to find, order, and save on T-shirts. One huge selling factor is that the company manufactures its own T-shirts. However, the quality manager for the production plant, Kasey Harnish, has noticed an acceptable number of defective T-shirts being produced. You have been hired to assist Kasey in understanding where the problems are concentrated. He suggests using a PivotTable to perform an analysis and has provided you with a data file, T3_TshirtProduction_Data.xls. The following is a brief definition of the information within the data file: A. Batch: A unique number that identifies each batch or group of products produced. B. Product: A unique number that identifies each product. C. Machine: A unique number that identifies each machine on which products are produced. D. Employee: A unique number that identifies each employee producing products. E. Batch Size: The number of products produced in a given batch. F. Num Defect: The…What does it mean to say two variables are positively associated? When the value of one variable increases, the value of the other variable also increases. There is a nonlinear relationship between the variables. When the value of one variable increases, the value of the other variable decreases. There is a linear relationship between the variables.need a CLEAR answer and work with it please!
- Solve the problem. Suppose an economy consists of three sectors: Energy (E), Manufacturing (M), and Agriculture (A). Sector E sells 70% of its output to M and 30% to A. Sector M sells 30% of its output to E, 50% to A, and retains the rest. Sector A sells 15% of its output to E, 30% to M, and retains the rest. Denote the prices (dollar values) of the total annual outputs of the Energy, Manufacturing, and Agriculture sectors by Pe. Pm, and Pa respectively. If possible, find equilibrium prices that make each sector's income match its expenditures. Find the general solution as a vector, with pa free. 0.356 Pal Pm-0.686 Pa Pe Pa Pe Pm Pa Pe Pm - Pa Pe Pm Pa Pa [0.465 Pa = 0.593 Pa Pa [0.308 Pa 0.716 Pa Pa 0.607 Pa 0.481 Pa PaA fair charges an admission price of $12.95, and ride tickets cost $2.75 each.(a) Create a model for this situation. (Recall that you should define the independent anddependent variables and their units, as well as provide an equation.)(b) How much will someone spend in total at the fair if he goes on seven rides?An LP model for a marketing research application uses the variable HD to represent the number of homeowners interviewed during the day. The objective function minimizes the cost of interviewing this and other categories. There is a constraint that HD ≥ 140. The solution indicates that interviewing another homeowner during the day will increase costs by $15.00. What does this tell you about the HD variable? a.The objective function coefficient of HD is 15. b.The dual price for the HD constraint is 15. c.The objective function coefficient of HD is −15. d.The dual price for the HD constraint is −15.
- Mathematical operation researchsolve part D onlyAn Investec analyst is looking to invest R180,000 in hopes of getting the highest return possible. There are four investment options available: bonds, mutual funds, stocks, or a savings account yielding interest. The bonds give a 4% annual return, mutual funds give an 9% return, stocks give a 12% return, and the savings account gives a 3% return with all investments being subject to risk. To control for risk, the following constraints are put into place: a) No more than 12% of the total investment can be put into stocks. b) At most 30% must be invested in mutual funds and/or the savings account. c) The amount put in the bonds must be no more than the amount put into the other investments combined. d) The ratio of money invested in mutual funds to the amount invested in stocks and the savings account should be at least 2 to 1. e) All the R180,000 must be invested and no shorting is allowed. Formulate a linear programming model for this problem to get the highest return (i.e., Define…
- Help me please, this is confusing.2. To rent scooters, Sam's Scooters charges a $30 fee plus $8 per hour. Rosie's charges a $20 fee plus $10 per hour. Independent variable (x): Dependent variable (y): System of equations: { Graph: a. When does it make more sense to rent a scooter from Rosie's? How do you know? b. When does it make more sense to rent a scooter from Sam's? How do you know? c. Is there ever a time where it wouldn't matter which store to choose? Explain.Q3- You may need to use the appropriate technology to answer this question. The product development group at Landon Corporation has been working on a new computer software product that has the potential to capture a large market share. Through outside sources, Landon's management learned that a competitor is working to introduce a similar product. As a result, Landon's top management increased its pressure on the product development group. The group's leader turned to PERT/CPM as an aid to scheduling the activities remaining before the new product can be brought to the market. The activity time estimates (in weeks) are listed in the following table. Activity Optimistic Most Probable Pessimistic A 3 4 5 B 3 3.5 7 C 4 5 6 D 2 3 4 E 5 8 11 F 8.5 9.5 13.5 G 4.5 6 7.5 H 6 7 14 I 2 2.5 6 J 4 5 6 (a) Develop an activity schedule for this project and identify the critical path activities. (Enter your answers as a comma-separated list.) (b) Based solely…
