Wild West produces two types of cowboy hats. A Type 1 requires twice as much labor time as a Type 2. If all the available labor time is dedicated to Type 2 alone, the company can produce a total of 400 Type 2 hats a day. The respective market limits for the two types are 150 and 200 hats per...
Problem 1 The American Manufacturing Company produces only one product. The firm purchases a key input at a price of $4 per unit of production. The firm then pays a wage rate of $6 per unit for the time that labor is exerted. In addition, $2 of indirect inputs is paid for each final unit of output produced. The firm...
Find the confidence interval and write interpretation for each
problem.
3) 3) Construct the confidence interval for the difference pl-P2 for the given level and values of x1,1, x2, and n2. Level 98%: xy - 27, n, - 64, X2 = 16, 12 - 55 4) 4) In an agricultural experiment, the effects of two fertilizers on the production of...
A farmer can grow wheat or corn. The unit profits for a bushel of each are the same To grow wheat (W) and corn (C), the farmer requires four input factors: Capital(K), land (L), A-Fertilizer (A), and B-fertilizer (B). • The production of one bushel of corn requires two units of capital and the production of one unit of wheat...
We are planning an experiment comparing three fertilizers. We will have six experimental units per fertilizer and will do our test at the 5% level. One of the fertilizers is the standard and the other two are new; the standard fer- tilizer has an average yield of 10, and we would like to be able to detect the situation when...
Farmer Hoglund has discovered that on his farm, he can get 30 bushels of corn per acre if he applies no fertilizer. When he applies N pounds of fertilizer to an acre of land, the marginal product of fertilizer is 1 − N/200 bushels of corn per pound of fertilizer. (a) If the price of corn is $3 a bushel...
Part 1: Goal Seek
Pampa Parts produces a single product, the NF-9. The product has
a unit variable cost of $70 and annual fixed costs of $343,200.
Pampa is subject to a 20 percent tax rate.
Suppose the NF-0 sells for $110 per unit. Using the Goal Seek
function in Microsoft Excel, how many units of NF-9 must Pampa sell...
Part B (Two Factor ANOVA) Farmers are interested in whether four different types of seeds grow at the same pace. They are also interested in finding out whether the three fertilizers they own are equally effective. They plant three different types of seeds with each of the fertilizers. Two weeks later they measure and record the growth of the crop...
Please provide the decision variables, objective function, and
constraints. Ideally on paper and not excel.
A small, but exclusive, coffee blender produces three blends of coffee during the holiday season. She produces these blends by mixing four types of coffee beans in various amounts for each particular blend. Although she tries to satisfy the demands of all her customers, she...
please explain steps i am confused
Robin Tires, Inc. makes two types of tires, one for SUVs and the other for Hatchbacks. The firm has the following limits -500 hours for production, 250 hours for packaging, and 150 hours for shipping. The times required per tire type is given in the following table: Production Hours Shipping Profit/Tie Production Packaging Type...