Products A and B requires various times for operations on machine M1, M2 and M3. During a certain production period, M1 has 4000 minutes of time available, M2 has 6000 minutes , and M3 has 3000 minutes. Machine time per unit of A 1 minute on M1, 2 minutes on M2 and no time on M3. Machine time per unit of B is 1 minute on each of the three machines. Expected profit contributions are TK 60 per unit of A made and TK 75 per unit of B. If production during the period is limited to products A and B, how many units of each should be made to maximize the profit.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Products A and B requires various times for operations on machine M1, M2 and M3. During a certain production
period, M1 has 4000 minutes of time available, M2 has 6000 minutes , and M3 has 3000 minutes. Machine time
per unit of A 1 minute on M1, 2 minutes on M2 and no time on M3. Machine time per unit of B is 1 minute on
each of the three machines. Expected profit contributions are TK 60 per unit of A made and TK 75 per unit of
B. If production during the period is limited to products A and B, how many units of each should be made to
maximize the profit.
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