Pearson eText Business Statistics: First Course -- Instant Access (Pearson+)
8th Edition
ISBN: 9780136880974
Author: David Levine, David Stephan
Publisher: PEARSON+
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Consider again the scenario described in Problem 4.
The Center for Business Analytics is considering a refund policy for no-shows. No
refund would be given for members who do not attend, but nonmembers who do not attend will be refunded 50 percent of the price. Extend the model you developed in Problem 4 for the Business Intelligence Symposium to account for the fact that, historically, 25 percent of members who registered do not show and 10 percent of registered nonmembers do not attend. The Center pays the caterer for breakfast and lunch based on the number of registrants (not the number of attendees). However, the Center pays for parking only for those who attend.What is the profit if each corporate member registers their full allotment of tickets and 127 nonmembers register?
Use a two-way data table to show how profit changes as a function of number of registered nonmembers and the no-show percentage of nonmembers. Vary the number of nonmember registrants from 80 to 160 in…
Question 2
Quality Air Conditioning manufactures three home air conditioners: an economy model, a standard model, and a deluxe model. The profits per unit are $63, $95, and $135, respectively. The production requirements per unit are as follows:
PLEASE ANSWER D to G
. If there are two possible answers one will suffice. Where necessary a range analysis must be shown.
a) The profit per unit for deluxe model was increased to 150 per unit. Evaluate the effect
b) . Identify the range of optimality for each objective function coefficient (unit profit). Suppose the profit for the economy model is increased by $6 per unit, the profit for the standard model is decreased by $2 per unit, and the profit for the deluxe model is increased by $4 per unit. (use the 100% rule)What will be the new optimal solution be?
c) If the number of fan motors available for production is increased by 100, evaluate the effect.
d) What are the allowable values within the number of cooling coils can vary without…
Problem 3: North America Airlines maintains an extensive inventory of wing flaps.
The number of wing flaps needed to replace damaged wing flaps each month depends
partially on the number of flying hours for the fleet that month.
Flying
162
149
185
171
138
154
Hours
(1000s)
Number
12
13
14
10
11
of Wing
Flaps
1. Determine the number of wing flaps needed for 150,000 flying hours.
2. Is the regression model a good model? Why?
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