Below is a decision table for Gregor's Tennis School. Director Gregor Anderson is considering expanding his school to accommodate the potential increased interest inyouth tennis lessons, camps and teams. The decision table below describes his situation.AlternativesAdd new buildingExtend hours for existing buildingDo NothingAnswerDecision TableHigh Demand40,00030,0000Step 3 of 3: What would Gregor's decision be if he applied the Maximin strategy?State of NatureModerate DemandO Extend hours for existing buildingO Do NothingO Add a new building5,0004,7000Low Demand-45,000-6,0000KeypadKeyboard ShortcutsTables

The stated problem has two variables that arestate of nature which has three categories that are…

Answered: Below is a decision table for Gregor's…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Suppose that a furniture manufacturer makes chairs, sofas, and tables. Consider the following chart of labor hours required and available. Chair Sofa Table Daily labor available (labor- hours) 3 8 =III 1 2 6 0 The profit per chair is $50, per sofa $40, and per table $80. How many pieces of each type of furniture should be manufactured each day to maximize the profit? Carpentry Finishing Upholstery 6 1 2 720 144 228
The company has data on demand and factory capacity for the next 4 months as in the table. Unit cost with regular time $ 24, overtime cost $ 28, on subcontract $ 34. Storage costs $ 2 per unit per month; backorders cost $ 5 per unit per month. Initial inventory is as many as 120 units, and it is expected that by the end of July there will be an inventory of 100 units. April May June July Demand 460 450 480 480 Regular Capacity 370 370 380 380 Overtime Capacity 60 60 60 60 Subcontract Capacity 30 30 30 30 Use the transportation method to optimize the aggregate plan. Determine the production cost each month and the total cost for 4 months
The business analyst of your company has determined that the number of items sold, q, would be determined by the price of the item, p. The model they created for your particular product is below. q = 650, 000 –- 25, 000p Determine the price that would maximize the revenue of the item. p = $
According to IT department of leading financial firm, 50% of emails received by their employees are spam. They are planning to install a software which filters the spam emails. A reputable cybersecurity brand has launched a software which claims to detect 99% of spam emails. However, they have also reported 5% as the chance of detecting a non-spam email as spam. If an email is detected as spam, what is the probability of it in fact being a non-spam email?
The following data represent a portion of quarterly net sales (in $ millions) of Lowe's Companies, Inc., over five years. Net Sales 8861 10169 1 9984 Source: All data retrieved from Annual Reports for Lowe's Companies, Inc. Click here for the Excel Data File a-1. Estimate an exponential trend model with seasonal dummy variables. (Round your answers to 4 decimal places.) Year 2004 2004 2008 Intercept d1 d2 d3 t Variable Quarter 1 2 1 1 Se Exponential Trend A 1 Year 2 2004 3 2004 4 2004 5 2004 6 2005 7 2005 8 2005 9 2005 10 2006 11 2006 12 2006 13 2006 14 2007 15 2007 16 17 2007 2007 2008 18 19 2008 2008 20 21 2008 B Quarter 123-AWNA W NAWN-AW23 4 4 3 4 4 4 C Net Sales 8861 10169 9064 8550 9913 11929 10592 10808 11921 13389 11211 10406 12172 14167 11565 10379 12009 14509 11728 9984
Given the Information in the below table's, calculate the total cost if you choose the: i) Level Strategy with average production per day. ii) Chase strategy for the production. Month Expected Demand Production Days Jan 600 22 Feb 800 18 March 900 21 April 1000 21 Inventory carrying cost $5 per unit per month Subcontracting cost per unit $20 per unit Average Pay rate $10 per hour ($80 per day) Over time Pay rate $17 per hour (above 8 hours) Labour-hours to produce a unit 1.6 hours per unit Cost of increasing daily production rate $300 per unit Cost of decreasing daily production rate $600 per unit
his question refers to excavations at a national monument. One question the archaeologists asked was: Is raw material used by prehistoric Indians for stone tool manufacture independent of the archaeological excavation site? Two different excavation sites gave the information in the following table. Use a chi-square test with 5% level of significance to test the claim that raw material used for construction of stone tools and excavation site are independent. Excavation Site Material Site A Site B Row Total Basalt 756 559 1315 Obsidian 92 103 195 Pedernal chert 514 521 1035 Other 88 91 179 Column Total 1450 1274 2724 (a) What is the level of significance? (b) Find the value of the chi-square statistic for the sample. (Round the expected frequencies to at least three decimal places. Round the test statistic to three decimal places.)

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