Sporting Goods
Resource Requirements per Unit
(1)
Product
Basketball
Football
Leather (ft2)
4
5
800
500
800
Profits ($)
Basketball
12
Football
16
Basketball
Football
0.00
160.00
Decision variables
Maximized profits
2560.00
input Objective function
Total r
1. Fixed cost is the difference between total cost and total variable cost.
True
2. In general, an increase in price increases the break even point if all costs are held
constant.
False
3. If variable costs increase, but price and fixed costs are held con
In a media selection problem, instead of having an objective of maximizing profit or
minimizing cost, generally the objective is to maximize the audience exposure.
True
In a transportation problem, a demand constraint (the amount of product demanded at a
A linear programming model consists of only decision variables and constraints.
False
If the objective function is parallel to a constraint, the constraint is infeasible.
False
A feasible solution violates at least one of the constraints.
False
In minimiz
Question 1
2 out of 2 points
If we are solving a 0-1 integer programming problem with three decision variables, the
constraint x1 + x2 + x3 3 is a mutually exclusive constraint.
Answer
Selected Answer:
Fals
e
Correct Answer:
Fals
e
Question 2
0 out of 2
Quiz 2
1. Seventy two percent of all observations fall within 1 standard deviation of the mean if the
data is normally distributed.
False
2. If two events are not mutually exclusive, then P(A or B) = P(A) + P(B)
False
3. Probability trees are used only to
Product Lines
Product #1
6
Product #2
4
Time required on Line #1
Time required on Line #2
10
7
10
3
Product #1
Product #2
3
7
Maximized profits
46
Profits for each product
Please use graphic method to solve the problem
Please enter your solution in Yellow
Question 1
Probability trees are used only to compute conditional probabilities.
Selected
Answer:
e
Correct
Answer:
e
Fals
Fals
Question 2
Seventy two percent of all observations fall within 1 standard deviation of the mean if the da
Selected
Answer:
e
C