QUESTION TWOA company has three main departments, which are Sales & Marketing, Inventory andWorkshop operations. The Finance department of this company has formulated arevenue maximization problem model for 2017 by representing the expected revenuefrom these three departments as X, Y and Z respectively, where both the figures andthe variables are in millions of Ghana cedis as follows;X +Y+Z= 6X- Y+Z = 22 X +Y+Z= 7a) Find the Inverse of your Matrixb) Use a matrix method to solve for the values of the variables X, Y and Z.c) Which of the departments will generate the highest revenue?d) Which of the departments will generate the least revenue?BIETECHNOGHANA

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Answered: QUESTION TWO A company has three main…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter6: Linear Systems

Section6.8: Linear Programming

Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...

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If you are performing a break-even analysis for a business and their cost and revenue equations are dependent, explain what this means for the company's profit margins.
If during the following year it is predicted that each comedy skit will generate 30 thousand and each musical number 20 thousand, find the maximum income for the year. A television program director must schedule comedy skits and musical numbers for prime-time variety shows. Each comedy skit requires 2 hours of rehearsal time, costs 3000, and brings in 20,000 from the shows sponsors. Each musical number requires 1 hour of rehearsal time, costs 6000, and generates 12,000. If 250 hours are available for rehearsal and 600,000 is budgeted for comedy and music, how many segments of each type should be produced to maximize income? Find the maximum income.
Does Table 2 represent a linear function? If so, finda linear equation that models the data.
At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at least 4.80 from the sale of each pizza. If the pizza will be sold by the slice and each pizza is cut into 6 pieces, what is the minimum charge per slice?
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In a study of the influence of financial institutions on bond interest rates in a certain country, quarterly data over a period of 12 years were analyzed. The postulated model was y¡ = Bo + B₁×₁¡ + B₂X2; + &¡, where y; is the change over the quarter in the bond interest rates, X₁₁ is the change over the quarter in bond purchases by financial institutions, and X2i is the change over the quarter in bond sales by financial institutions. The estimated regression coefficients are b₁ = 0.057 and b₂ = -0.033. Interpret these estimates. What is the correct interpretation of the coefficient estimates? Select the correct choice below and, if necessary, fill in the answer boxes within your choice. A. Each percent increase in the bond interest rates leads to a change in the estimated amount of bonds purchased by financial institutions by and a decrease in bond sales by financial institutions by. B. Each additional bond purchased by financial institutions leads to a change in the estimated bond…
An economist believes there is a linear relationship between the marketprice of a particular commodity and the number of units suppliers of thecommodity are willing to bring to the marketplace. Two sampleobservations indicate that when the price equals $15 per unit, the weekly supply equals 30,000 units; and when the price equals $20 per unit, theweekly supply equals 48,000 units (i) If price per unit, p, is plotted on the horizontal axis and the quantitysupplied q is plotted on the vertical axis, determine the slope-intercept formof the equation of the line which passes through these two points.(ii) Interpret the slope of the equation in this application.(iii) Predict the weekly supply if the market price equals $25 per unit.
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You run a Pharmacy and have to decide how many packets of face masks to order for resale during this Corona virus pandemic period. You can only order in batches of 100. If only 100 batches are ordered, it will cost K10 per unit, if 200 or more, K9 per unit; and if 300 or more, it will cost K8.50 per unit. The results of a market survey you conducted show that the potential levels of demand are 100, 150, or 200; at 50%, 20%, and 10% probability, respectively. The selling price is K15 per unit and any stock unsold by the end of peak period for the pandemic will be sold for half the price. There is a cost of K0.55 per unit for any stock-outs experienced. Required: Using Microsoft Excel: Calculate the EMV of each alternative order level and the recommended order level. What is the net earnings at the recommended order level? Determine the order level at which net earnings are zero (breakeven order level).
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