Starting a gluten free and nut free restaurant has been a lifelong dream of Sydney Quintero, since he realized his dietary restrictions as a teenager. Now, that Sydney hasgraduated with his business degree, he is pursuing his dream. He has researched geographic locations around his state and selected three different cities, Fort Alden,Central City and Roseville, as possibilities for his flagship restaurant. The market for gluten/nut free products often changes due to health awareness, current trends andgeneral demographic changes in population. Sydney's marketing research has given him some estimates for the different locations as described in the decision tablebelow.AlternativesFort AldenCentral CityRosevilleAnswerDecision TableStrong Market100,00069,000110,000Step 2 of 2: What would Sydney's anticipated payoff be for the maximax strategy?State of NatureFair Market53.50056,00080,000Poor Market20,00028,00025,000KeypadKeyboard ShortcutsTables

In decision analysis, the maximax strategy involves selecting the alternative that maximizes the…

Answered: Starting a gluten free and nut free…

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter6: Systems Of Equations And Inequalities

Section: Chapter Questions

Problem 17PS: Cholesterol Cholesterol in human blood is necessary, but too much can lead to health problems. There...

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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.
Cholesterol Cholesterol in human blood is necessary, but too much can lead to health problems. There are three main types of cholesterol: HDL (high-density lipoproteins), LDL (low-density lipoproteins), and VLDL (very low-density lipoproteins). HDL is considered “good” cholesterol; LDL and VLDL are considered “bad” cholesterol. A standard fasting cholesterol blood test measures total cholesterol, HDL cholesterol, and triglycerides. These numbers are used to estimate LDL and VLDL, which are difficult to measure directly. Your doctor recommends that your combined LDL/VLDL cholesterol level be less than 130 milligrams per deciliter, your HDL cholesterol level be at least 60 milligrams per deciliter, and your total cholesterol level be no more than 200 milligrams per deciliter. (a) Write a system of linear inequalities for the recommended cholesterol levels. Let x represent the HDL cholesterol level, and let y represent the combined LDL VLDL cholesterol level. (b) Graph the system of inequalities from part (a). Label any vertices of the solution region. (c) Is the following set of cholesterol levels within the recommendations? Explain. LDL/VLDL: 120 milligrams per deciliter HDL: 90 milligrams per deciliter Total: 210 milligrams per deciliter (d) Give an example of cholesterol levels in which the LDL/VLDL cholesterol level is too high but the HDL cholesterol level is acceptable. (e) Another recommendation is that the ratio of total cholesterol to HDL cholesterol be less than 4 (that is, less than 4 to 1). Identify a point in the solution region from part (b) that meets this recommendation, and explain why it meets the recommendation.
Starting a gluten free and nut free restaurant has been a lifelong dream of Sydney Quintero, since he realized his dietary restrictions as a teenager. Now, that Sydney has graduated with his business degree, he is pursuing his dream. He has researched geographic locations around his state and selected three different cities, Fort Alden, Central City and Roseville, as possibilities for his flagship restaurant. The market for gluten/nut free products often changes due to health awareness, current trends and general demographic changes in population. Sydney's marketing research has given him some estimates for the different locations as described in the decision table below. Alternatives Fort Alden Central City Roseville Answer Decision Table State of Nature Fair Market Strong Market 80,000 66,000 95,000 Step 1 of 2: Using the maximin strategy, where would Sydney decide to start his restaurant? O Fort Alden O Roseville 50,000 55,000 82,000 O Central City Poor Market 40,000 30,000 45,000…
he Swamp Palace Museum (SPM) is an interactive museum that teaches visitors the ways of life on the swamps of the southern United States. Visitors can visit over 100 exhibits demonstrating the ecology of the swamp and the habits of the animals and insects that call the swamp home. Additionally, the museum includes several fast-food and full service restaurants and opportunity for swimming and several thrill rides. The park was originally supported with one time government funding but now it has to become self-supporting. After five years of operation, the park has not lacked for visitors but has struggled just to break-even. The Swamp Palace has sought help from the Marketivity Group to help them address the long-term viability of the park. Several technologies are considered as ways of enhancing value. One is a mobile phone app that will provide oral and visual navigation aids around the park. For instance, if someone says “take me to the Blind Bayou Bar,” the phone will give…
The Nine Roses Restaurant, in New Orleans, is owned and operated by Lana and Jeffrey Lee. The restaurant just completed its third year of operations. Since opening Nine Roses, the Lees have sought to establish a reputation for the restaurant as a high-quality dining establishment that specializes in fresh seafood. Through the efforts of Lana and Jeffrey as well as their staff, Nine Roses has become one of the best and fastest growing restaurants in New Orleans. To better plan for future growth of the restaurant, Lana and Jeffrey needs to develop a system that will enable them to forecast food and beverage sales by month for up to one year in advance. The file “Nine Roses” shows the value of food and beverage sales ($1000s) for the first three years of operation. A time series plot. Comment on the underlying pattern in the time series. An analysis of the seasonality of the data. Indicate the seasonal indices for each month, and comment on the high and low seasonal sales months. Do…
The Vintage Restaurant, on Captiva Island near Fort Myers, Florida, is owned and operated by Karen Payne. The restaurant just completed its third year of operation. Since opening her restaurant, Karen has sought to establish a reputation for the Vintage as a high-quality dining establishment that specializes in fresh seafood. Through the efforts of Karen and her staff, her restaurant has become one of the best and fastest growing restaurants on the island. To better plan for future growth of the restaurant, Karen needs to develop a system that will enable her to forecast food and beverage sales by month for up to one year in advance. The table below shows the value of food and beverage sales ($1000s) for the first three years of operation. Independent variable: What is the variable: ___________________________________________ How it is measured, i.e. what units or categories are used (e.g., revenue measured in “dollars”; height measured as “short, average, tall”)…
The Vintage Restaurant, on Captiva Island near Fort Myers, Florida, is owned and operated by Karen Payne. The restaurant just completed its third year of operation. Since opening her restaurant, Karen has sought to establish a reputation for the Vintage as a high-quality dining establishment that specializes in fresh seafood. Through the efforts of Karen and her staff, her restaurant has become one of the best and fastest growing restaurants on the island. To better plan for future growth of the restaurant, Karen needs to develop a system that will enable her to forecast food and beverage sales by month for up to one year in advance. Table 17.25 shows the value of food and beverage sales ($1000s) for the first three years of operation. Dependent variable: What is the variable: ___________________________________________ How it is measured, i.e. what units or categories are used (e.g., revenue measured in “dollars”; height measured as “short, average, tall”)…
The Vintage Restaurant, on Captiva Island near Fort Myers, Florida, is owned and operated by Karen Payne. The restaurant just completed its third year of operation. Since opening her restaurant, Karen has sought to establish a reputation for the Vintage as a high-quality dining establishment that specializes in fresh seafood. Through the efforts of Karen and her staff, her restaurant has become one of the best and fastest growing restaurants on the island. To better plan for future growth of the restaurant, Karen needs to develop a system that will enable her to forecast food and beverage sales by month for up to one year in advance. Table 17.25 shows the value of food and beverage sales ($1000s) for the first three years of operation. Managerial Report Perform an analysis of the sales data for the Vintage Restaurant. Prepare a report for Karen that summarizes your findings, forecasts, and recommendations. Include the following: A time series plot. Comment on the underlying pattern…
The River is a literary magazine published by the English Department at Tech. It has a 70-year history and enjoys an excellent reputation for providing a literary outlet for aspiring Appalachian writers in particular. However, its sales, mostly through independent bookstores and college libraries, have never been very large. Several years ago, the magazine’s advisory board decided to create a Web site and post the bi-monthly issues online for free access. Due to poor economic conditions and state budget cuts, Tech recently withdrew funding for the magazine, and in order to make up for this financial loss, the magazine’s staff has decided to try to sell advertising (especially to local and regional businesses) on the magazine’s Web site. In order to sell advertising, the magazine’s staff would like to be able to provide potential advertisers with a forecast of the number of “visits” the Web site might receive in future months. Following is the number of monthly visits the Web site has…
The research department at a manufacturing company has developed a new process that it believes will result in an improved product. Management must decide whether to go ahead and market the new product. The new product may or may not be better than the old one. If the new product is better and the company decides to market it, sales should increase by $70,000. If it is not better and they replace the old product with the new product on the market, they will lose $25,000 to competitors. If they decide not to market the new product, they will lose a total of $60,000 if it is better and just research costs of $20,000 if it is not. Complete parts (a) and (b) below. (a) Prepare a payoff matrix. □ (Type an integer or decimal for each matrix element. Do not include the $ symbol in your answer.)
The research department at a manufacturing company has developed a new process that it believes will result in an improved product. Management must decide whether to go ahead and market the new product. The new product may or may not be better than the old one. If the new product is better and the company decides to market it, sales should increase by $60,000. If it is not better and they replace the old product with the new product on the market, they will lose $25,000 to competitors. If they decide not to market the new product, they will lose a total of $50,000 if it is better and just research costs of $20,000 if it is not. Answer parts a through c below. (a) Prepare a payoff matrix. Start 2 By 2 Table 1st Row 1st Column 60000 2nd Column negative 25000 2nd Row 1st Column negative 50000 2nd Column negative 20000 EndTable 60000 −25000 −50000 −20000 (Type an integer or decimal for each matrix element. Do not include the $ symbol in your answer.) (b) If…
. Embassy motorcycles (EM) manufactures two lightweight motorcycles designed for easy handling and safety. The EZ-Rider model has a new engine and a low profile that make it easy to balance. The Lady-Sport model is slightly larger uses a more traditional engine, and is specifically designed to appeal to women riders. Embassy produces the engines for both models at its Des Moines, Iowa, plant. Each EZ-Rider engine require 6 hours of manufacturing time and each Lady-sport engine requires 3 hours of manufacturing time. The Des Moines plant has 2100 hours of engine manufacturing time available for the next production period. Embassy’s motorcycle frame supplier can supply as many EZ-Rider frames as needed. However, the Lady-Sport frame is more complex and the supplier can provide only up to 280 Lady sport frames for the next production period. Final assembly and testing requires 2 hours for each EZ-Rider model and 2.5 hours for each Lady-Sport model. A maximum of 1000 hours of assembly and…

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