Isoprofit Study guides, Class notes & Summaries

Question Question 1.1. Consider the following linear programming problem: Maximize 12X 10Y Subject to: 4X 3Y ≤ 480 2X 3Y ≤ 360 All variables ≥ 0 What is the optimum solution of (X,Y)? (Points : 5) X=480, Y = 360 X=360, Y-480 X=60, Y=80 X=80, Y=60 None of the above Question 2.2. When appropriate, the optimal solution to a maximization linear programming problem can be found by graphing the feasible region and (Points : 5) finding the profit at every corner point of the feasible reg...

Question Question 1 Assume you have a normal distribution representing the likelihood of completion times. The mean of this distribution is 10, and the standard deviation is 3. The probability of completing the project in 7 or fewer days is the same as the probability of completing the project in 13 days or more. 1) True 2) False Question 2 The equation P(A|B) = P(AB)/P(B) is: 1) only relevant when events A and B are collectively exhaustive. 2) the marginal probability. 3) the formula for a cond...

Question Question 1 Assume you have a normal distribution representing the likelihood of completion times. The mean of this distribution is 10, and the standard deviation is 3. The probability of completing the project in 7 or fewer days is the same as the probability of completing the project in 13 days or more. Question 1 options: True False Question 2 Suppose that 10 golfers enter a tournament and that their respective skill levels are approximately the same. Six of the entrants are female an...

Question Question 1 Assume you have a normal distribution representing the likelihood of completion times. The mean of this distribution is 10, and the standard deviation is 3. The probability of completing the project in 7 or fewer days is the same as the probability of completing the project in 13 days or more. Question 1 options: True False Question 2 Suppose that 10 golfers enter a tournament and that their respective skill levels are approximately the same. Six of the entrants are female an...