Problem Number 2. Maria Roxas Dress ShopMaria Roxas is considering the possibility of opening a dress shop at the newly built Poblacion Market, a few blocks from theAteneo de Davao University. Her options are to open a small shop, a medium-sized shop, or no shop at all. The market for adress shop can be good, average, or bad. The net profit or loss for the medium-sized and small shops for the various marketconditions are given in the following table. Building no shop at all yields no loss and no gain.STATE OF NATUREGood MarketAverageMarket (Php)Bad MarketALTERNATIVE(Php)(Php)Small shop75,00025,00040,000Medium-sized shop100,00035,000-60,000No shop1. What decision would maximize expected profits? Compute using the five criteria for decision making underuncertainty, Illustrate using decision tables for each criteria. (Coefficient of Realism a = 0.80)2. If you were the financial adviser of Maria Roxas, what will you recommend? Why?

Answered: Image /qna-images/answer/476dee61-25cc-4c7a-9a07-0a1798abefcd.jpg

Answered: Problem Number 2. Maria Roxas Dress…

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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A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $1, and each Type B souvenir will result in a profit of $1.20. To manufacture a Type A souvenir requires 2 minutes on Machine I and 1 minute on Machine II. A Type B souvenir requires 1 minute on Machine I and 3 minutes on Machine II. There are 3 hours available on Machine I and 5 hours available on Machine II. (a) The optimal solution holds if the contribution to the profit of a Type B souvenir lies between $ 48 X and $ 96 X. (Enter your answers from smallest to largest.) (b) Find the contribution to the profit of a Type A souvenir (with the contribution to the profit of a Type B souvenir held at $1.20), given that the optimal profit of the company will be $196.80. $2 (c) What will be the optimal profit of the company if the contribution to the profit of a Type B souvenir is $1.50 (with the contribution to the profit of a Type A souvenir held at $1.00)? $168
A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $1, and each Type B souvenir will result in a profit of $1.20. To manufacture a Type A souvenir requires 2 minutes on Machine I and 1 minute on Machine II. A Type B souvenir requires 1 minute on Machine I and 3 minutes on Machine II. There are 3 hours available on Machine I and 5 hours available on Machine II. (a) The optimal solution holds if the contribution to the profit of a Type B souvenir lies between $ and $ . (Enter your answers from smallest to largest.)(b) Find the contribution to the profit of a Type A souvenir (with the contribution to the profit of a Type B souvenir held at $1.20), given that the optimal profit of the company will be $208.80.$ (c) What will be the optimal profit of the company if the contribution to the profit of a Type B souvenir is $2.00 (with the contribution to the profit of a Type A souvenir held at $1.00)?$
A zookeeper has a walrus with a nutritional deficiency. She wants to make sure the walrus consumes at least 2700 mg of iron, 2400 mg of vitamin B-1, and 1800 mg of vitamin B-2, One Maxivite pill contains 500 mg of iron, 200 mg of vitamin B-1, and 100 mg of vitamin B-2, and costs $0.05. One Healthovite pill provides 100 mg of iron, 150 mg of vitamin B-1, and 150 mg of vitamin B-2, and costs $0.06. Complete parts (a)-(c) below. (a) What combination of Maxivite and Healthovite pills will meet the walrus's requirement at lowest cost? What is the lowest cost? Set up the linear programming problem. Let m represent the number of Maxivite pils, h represent the number of Healthovite pills, and c represent the total cost in dollars. Minimize c= 0.05m + 0.06h subject to 500m + 100h 2 2700 200m + 150h 2 2400 100m + 150h 2 1800 m20, h 2 0. (Use integers or decimals for any numbers in the expressions. Do not include the $ symbol in your answers.) The best combination of pilts that moets the walrus's…
A carpenter builds bookshelves and tables for a living. Each bookshelf takes one box of screws, two 2 ✕ 4's, and three sheets of plywood to make. Each table takes two boxes of screws, four 2 ✕ 4's, and four sheets of plywood. The carpenter has 80 boxes of screws, 145 2 ✕ 4's, and 170 sheets of plywood on hand. In order to maximize their profit using these materials on hand, the carpenter has determined that they must build 12 shelves and 29 tables. How many of each of the materials (boxes of screws, 2 ✕ 4's, and sheets of plywood) are leftover, when the carpenter builds 12 shelves and 29 tables? The carpenter has boxes of screws, 2 ✕ 4's, and sheets of plywood leftover.
A researcher believed that the number of rental cars in service by a car rental company would have an impact on the total annual revenue for that car rental company. Five small car rental companies were surveyed, with the number of Cars in service recorded in units of 1000 (so if a car rental company had 54000 cars in service, a 54 would be recorded) and Annual Revenue measured in millions of dollars (so an Annual Revenue of $10,000,000 would be recorded as 10). The data follows: Cars (1,000s) Annual Revenue ($ millions)11.5 118 10.0 135 9.0 100 5.5 37 3.3 32 Part of the Excel-generated Simple Linear Regression output is provided below: ANOVA df SS MS F Significance F Regression 1 7891.863897 7891.863897 22.91180151 0.017339231 Residual 3 1033.336103 344.4453677 Total 4 8925.2 Coefficients Standard Error t Stat P-value Intercept -19.12490108 23.1658578…
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