Julia’s Food Booth MAT 540: Quantiative Methods Professor Paul Hollandsworth February 28‚ 2013 Julia’s Food Booth * (A) Formulate and solve an L.P. model for this case. * Please see attached excel file. * (B) Evaluate the prospect of borrowing money before the first game. * Julia does not need to borrow money if she does not want to. She can still make over $1000 profit without it. However‚ She will not be able to hire help and stay above $1000. If she was to decide to
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Mat 540 Quiz 3 Question 1 .2 out of 2 points Correct The following inequality represents a resource constraint for a maximization problem: X + Y ≥ 20 Answer Selected Answer: False Correct Answer: False Question 2 .2 out of 2 points Correct Graphical solutions to linear programming problems have an infinite number of possible objective function lines. Answer Selected Answer: True Correct Answer: True Question 3 .2 out of 2 points Correct Surplus variables are only associated
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points | | | The events in an experiment are mutually exclusive if only one can occur at a time.Answer | | | | | Selected Answer: | True | Correct Answer: | True | | | | | Question 8 2 out of 2 points | | | A university is planning a seminar. It costs $3000 to reserve a room‚ hire an instructor‚ and bring in the equipment. Assume it costs $25 per student for the administrators to provide the course materials. If we know that 20 people will attend‚ what price should
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Patterns of Nonmarital Childbearing in U.S. MAT 540 Statistical Concepts for Research Ashford University Patterns of Nonmarital Childbearing in U.S. Introduction Trends in nonmarital childbearing in the U.S. have increased steadily since 1970 for non-Hispanic white‚ Black‚ Hispanic‚ and Asian women across all age groups (Wildsmith‚ Steward-Streng‚ and Manlove‚ 2011). Windsmith et al (2011) stated that the rise in the number of children being born outside of marriage among all ethnic and
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Julia’s Food Booth Strayer University Quantitative Methods MAT 540 December 12‚ 2012 Dr. L. Joseph Introduction Julia is a senior at Tech‚ and she’s investigating different ways to finance her final year at school. She is considering leasing a food booth outside the Tech stadium at home football games. Tech sells out every home game‚ and Julia knows‚ from attending the games herself‚ that everyone eats a lot of food. She has a booth‚ and the booths are not very large. Vendors
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Julia’s Food Booth Based on the LP model to maximize profit with the established constraints Julia should sell pizza and hotdogs and not BBQ sandwiches. Based on this model Julia will earn $2250.00 in profit. After buying food supplies for the next game she will have $750 remaining ($2250-1500). Julia’s goal was to clear $1000 in profit which she was not able to meet. It is not clear how Julia is paying for the booth rental each game‚ but assuming she is covering the costs with her profits from
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ANSWERS 1. Consider the trade-story as if it describes two separate trades‚ where: In the first trade‚ the man buys something for $60 and sells it again for $70‚ so he makes a profit of $10. In the second trade‚ the man buys something for $80 and sells it again for $90‚ so he makes again a profit of $10. Conclusion: The man makes an overall profit of $10 + $10 = $20. You can also look at the problem as follows: The total expenses are $60 + $80 = $140 and the total earnings are $70 + $90 = $160
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Group Assignment 1 According to the output‚ three variables (section‚ bed and pool) are insignificant because the p-value of them are larger than 0.05. The relationship between the selling price and variables should be: Y= -49.59+4.04X1+32.97X2+11.09X3+29.15X4+22.52X5+12.92X6-25.66X7+1.59X8 X1=lot size X2=number of bathrooms X3= number of other rooms X4= number of stories X5 =number of fireplaces X6 = car garages X7 =whether or not the lot is fenced X8= age Q4: Based on the results
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ACC 565 WK 11 Final Exam http://xondow.com/ACC-565-WK-11-Final-Exam-ACC5652.htm 1) To be an affiliated group‚ the parent corporation must directly own at least 80% of another group member. 2) A Canadian subsidiary cannot file as part of the consolidated group with its U.S. parent. 3) Brother-sister controlled groups can elect to file a consolidated tax return. 4) An advantage of filing a consolidated return is that losses of one affiliated group member may be offset against the taxable income
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CLICK TO DOWNLOAD MAT 540 Week 2 Quiz Question 1 If variable costs increase‚ but price and fixed costs are held constant‚ the break even point will decrease. Question 2 Parameters are known‚ constant values that are usually coefficients of variables in equations. Question 3 Probabilistic techniques assume that no uncertainty exists in model parameters. Question 4 In general‚ an increase in price increases the break even point if all costs are held constant. Question 5 P(A | B) is the
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