Martha Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The labor-hour requirements, by department, are as follows: Department Product 1 Product 2 Product 3 A 1.0 2.5 1.00 В 1.50 1.75 2.00 C 1.25 0.5 2.5 During the next production period, the labor-hours available are 250 in department A, 350 in department B, and 180 in department C. The profit contributions per unit are $29 for product1, $25 for product 2, and $32 for product 3. a) Formulate a linear programming model for maximizing total profit contribution? b) Solve the linear program formulated in part (a) using excel. How much of each product should be produced, and what is the projected total profit contribution?

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.