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Seastrand Oil Company produces two grades of gasoline: regular and high octane. Both gasolines are produced by blending two types of crude oil. Although both types of crude oil contain the two important ingredients required to produce both gasolines, the percentage of important ingredients in each type of crude oil differs, as does the cost per gallon. The percentage of ingredients A and B in each type of crude oil and the cost per gallon are shown. Crude Oil Cost Ingredient A Ingredient B $0.15 40% $0.20 70% 1 2 Each gallon of regular gasoline must contain at least 60% of ingredient A, whereas each gallon of high octane can contain at most 30% of ingredient B. Daily demand for regular and high-octane gasoline is 900000 and 700000 gallons, respectively. How many gallons of each type of crude oil should be used in the two gasolines to satisfy daily demand at a minimum cost? Round your answers to the nearest whole number. Round the answers for cost to the nearest dollar. 40% 10% gallons of crude 1 used to produce regular gallons of crude 1 used to produce high-octane gallons of crude 2 used to produce regular gallons of crude 2 used to produce high-octane Cost fill in the blank 1 = fill in the blank 2 = fill in the blank 3 fill in the blank 4 $ fill in the blank 5. || = =

Seastrand Oil Company produces two grades of gasoline: regular and high octane. Both gasolines are produced by blending two types of crude oil. Although both types of crude oil contain the two important ingredients required to produce both gasolines, the percentage of important ingredients in each type of crude oil differs, as does the cost per gallon. The percentage of ingredients A and B in each type of crude oil and the cost per gallon are shown. Crude Oil Cost Ingredient A Ingredient B $0.15 40% $0.20 70% 1 2 Each gallon of regular gasoline must contain at least 60% of ingredient A, whereas each gallon of high octane can contain at most 30% of ingredient B. Daily demand for regular and high-octane gasoline is 900000 and 700000 gallons, respectively. How many gallons of each type of crude oil should be used in the two gasolines to satisfy daily demand at a minimum cost? Round your answers to the nearest whole number. Round the answers for cost to the nearest dollar. 40% 10% gallons of crude 1 used to produce regular gallons of crude 1 used to produce high-octane gallons of crude 2 used to produce regular gallons of crude 2 used to produce high-octane Cost fill in the blank 1 = fill in the blank 2 = fill in the blank 3 fill in the blank 4 $ fill in the blank 5. || = =

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Seastrand Oil Company produces two grades of gasoline: regular and high octane. Both gasolines are produced by blending two types of crude oil. Although both types of crude oil contain the two important ingredients required to produce both gasolines, the percentage of important ingredients in each type of crude oil differs, as does the cost per gallon. The percentage of ingredients A and B in each type of crude oil and the cost per gallon are shown. Crude Oil Cost Ingredient A Ingredient B $0.15 40% $0.20 70% 1 2 Each gallon of regular gasoline must contain at least 60% of ingredient A, whereas each gallon of high octane can contain at most 30% of ingredient B. Daily demand for regular and high-octane gasoline is 900000 and 700000 gallons, respectively. How many gallons of each type of crude oil should be used in the two gasolines to satisfy daily demand at a minimum cost? Round your answers to the nearest whole number. Round the answers for cost to the nearest dollar. gallons of crude 1 used to produce regular gallons of crude 1 used to produce high-octane gallons of crude 2 used to produce regular gallons of crude 2 used to produce high-octane Cost Crude Oil 2 Cost $0.15 $0.20 Ingredient A 40% 70% 40% 10% Problem 4-15 (Algorithmic) Seastrand Oil Company produces two grades of gasoline: regular and high octane. Both gasolines are produced by blending two types of crude oil. Although both types of crude oil contain the two important ingredients required to produce both gasolines, the percentage of important ingredients in each type of crude oil differs, as does the cost per gallon. The percentage of ingredients A and B in each type of crude oil and the cost per gallon are shown. Ingredient B 40% 10% gallons of crude 1 used to produce regular- gallons of crude 1 used to produce high-octane- gallons of crude 2 used to produce regular gallons of crude 2 used to produce high-octane- Cost- fill in the blank 1 fill in the blank 2 fill in the blank 3. = fill in the blank 4 $ = = = = $ fill in the blank 5 Each gallon of regular gasoline must contain at least 60% of ingredient A, whereas each gallon of high octane can contain at most 30% of ingredient B. Daily demand for regular and high-octane gasoline is 900000 and 700000 gallons, respectively. How many gallons of each type of crude oil should be used in the two gasolines to satisfy daily demand at a minimum cost? Round your answers to the nearest whole number. Round the answers for cost to the nearest dollar.
Transcribed Image Text:Seastrand Oil Company produces two grades of gasoline: regular and high octane. Both gasolines are produced by blending two types of crude oil. Although both types of crude oil contain the two important ingredients required to produce both gasolines, the percentage of important ingredients in each type of crude oil differs, as does the cost per gallon. The percentage of ingredients A and B in each type of crude oil and the cost per gallon are shown. Crude Oil Cost Ingredient A Ingredient B $0.15 40% $0.20 70% 1 2 Each gallon of regular gasoline must contain at least 60% of ingredient A, whereas each gallon of high octane can contain at most 30% of ingredient B. Daily demand for regular and high-octane gasoline is 900000 and 700000 gallons, respectively. How many gallons of each type of crude oil should be used in the two gasolines to satisfy daily demand at a minimum cost? Round your answers to the nearest whole number. Round the answers for cost to the nearest dollar. gallons of crude 1 used to produce regular gallons of crude 1 used to produce high-octane gallons of crude 2 used to produce regular gallons of crude 2 used to produce high-octane Cost Crude Oil 2 Cost $0.15 $0.20 Ingredient A 40% 70% 40% 10% Problem 4-15 (Algorithmic) Seastrand Oil Company produces two grades of gasoline: regular and high octane. Both gasolines are produced by blending two types of crude oil. Although both types of crude oil contain the two important ingredients required to produce both gasolines, the percentage of important ingredients in each type of crude oil differs, as does the cost per gallon. The percentage of ingredients A and B in each type of crude oil and the cost per gallon are shown. Ingredient B 40% 10% gallons of crude 1 used to produce regular- gallons of crude 1 used to produce high-octane- gallons of crude 2 used to produce regular gallons of crude 2 used to produce high-octane- Cost- fill in the blank 1 fill in the blank 2 fill in the blank 3. = fill in the blank 4 $ = = = = $ fill in the blank 5 Each gallon of regular gasoline must contain at least 60% of ingredient A, whereas each gallon of high octane can contain at most 30% of ingredient B. Daily demand for regular and high-octane gasoline is 900000 and 700000 gallons, respectively. How many gallons of each type of crude oil should be used in the two gasolines to satisfy daily demand at a minimum cost? Round your answers to the nearest whole number. Round the answers for cost to the nearest dollar.
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