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- Mat 540 Quiz 5 with Answers
- mat 540 final 1
- Mat 540 Quiz 4 with Answers
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- Mat 540 Quiz 1 with Answers
- MAT 540 Quiz # 5 -Chpt 5 Spring 2012
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- MAT540 Complete Course Week 1 to Week 11 Latest,MAT540 Homework Week 8 Page 1 of 4 MAT540 Week 8 Homework Chapter 4 1. Betty Malloy, owner of the Eagle Tavern in Pittsburgh, is preparing for Super Bowl Sunday, and she must determine how much beer to stock. Betty stocks three brands of beer- Yodel, Shotz, and Rainwater. The cost per gallon (to the tavern owner) of each brand is as follows: Brand Cost/Gallon Yodel $1.50 Shotz 0.90 Rainwater 0.50 The tavern has a budget of $2,000 for beer for Super Bowl Sunday. Betty sells Yodel at a rate of $3.00 per gallon, Shotz at $2.50 per gallon, and Rainwater at $1.75 per gallon. Based on past football games, Betty has determined the maximum customer demand to be 400 gallons of Yodel, 500 gallons of shotz, and 300 gallons of Rainwater. The tavern has the capacity to stock 1,000 gallons of beer; Betty wants to stock up completely. Betty wants to determine the number of gallons of each brand of beer to order so as to maximize profit. a. Formulate a l
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5 out of 5 points

Fractional relationships between variables are not permitted in the standard form of a

linear program.

Answer

Selected Answer: True

Correct Answer: True

Question 2

5 out of 5 points

In an unbalanced transportation model, supply does not equal demand and one set of

constraints uses signs.

Answer

Selected Answer: True

Correct Answer: True

Question 3

5 out of 5 points

Excel can be used to simulate systems that can be represented by both discrete and

continuous random variables.

Answer

Selected Answer: True

Correct Answer: True

Question 4

5 out of 5 points

In a transshipment problem, items may be transported from destination to destination and

from source to source.

Answer

Selected Answer: True

Correct Answer: True

Question 5

5 out of 5 points

In a total integer model, all decision variables have integer solution values.

Answer

Selected Answer: True

Correct Answer: True

Question 6

5 out of 5 points

A cycle is an up and down movement in demand that repeats itself in less than 1 year.

Answer

Selected Answer: False

Correct Answer: False

Question 7

5 out of 5 points

Using the maximin criterion to make a decision, you

Answer

Selected

Answer:

Look at the worst payoff for each possible decision and select the

decision with the largest worst payoff

Correct

Answer:

Look at the worst payoff for each possible decision and select the

decision with the largest worst payoff

Question 8

5 out of 5 points

Using the minimax regret criterion to make a decision, you

Answer

Selected

Answer:

Construct a table of regrets. Look at the maximum regret for each

decision. Select the decision with the smallest maximum regret.

Correct

Answer:

Construct a table of regrets. Look at the maximum regret for each

decision. Select the decision with the smallest maximum regret.

Question 9

5 out of 5 points

A business owner is trying to decide whether to buy, rent, or lease office space and has

constructed the following payoff table based on whether business is brisk or slow.

If the probability of brisk business is .40 and for slow business is .60, the expected value

of perfect information is:

Answer

Selected Answer:

12

Correct Answer:

12

Question 10

5 out of 5 points

In a break-even model, if all of the costs are held constant, how does an increase in price

affect the model?

Answer

Selected Answer:

Breakeven point decreases

Correct Answer:

Breakeven point decreases

Question 11

5 out of 5 points

Events that cannot occur at the same time in any trial of an experiment are:

Answer

Selected Answer:

mutually exclusive

Correct Answer:

mutually exclusive

Question 12

5 out of 5 points

Steinmetz furniture buys 2 products for resale: big shelves (B) and medium shelves (M).

Each big shelf costs $100 and requires 100 cubic feet of storage space, and each medium

shelf costs $50 and requires 80 cubic feet of storage space. The company has $25000 to

invest in shelves this week, and the warehouse has 18000 cubic feet available for storage.

Profit for each big shelf is $85 and for each medium shelf is $75. What is the storage

space constraint?

Answer

Selected Answer:

100B + 80M 18000

Correct Answer:

100B + 80M 18000

Question 13

0 out of 5 points

Steinmetz furniture buys 2 products for resale: big shelves (B) and medium shelves (M).

Each big shelf costs $100 and requires 100 cubic feet of storage space, and each medium

shelf costs $50 and requires 80 cubic feet of storage space. The company has $25000 to

invest in shelves this week, and the warehouse has 18000 cubic feet available for storage.

Profit for each big shelf is $85 and for each medium shelf is $75. In order to maximize

profit, how many big shelves (B) and how many medium shelves (M) should be

purchased?

Answer

Selected Answer:

B = 225, M = 0

Correct Answer:

B = 0, M = 225

Question 14

5 out of 5 points

The following is an Excel Answer and Sensitivity reports of a linear programming

problem:

The Answer Report:

The Sensitivity Report:

Which additional resources would you recommend to be increased?

Answer

Selected Answer:

kiln

Correct Answer:

kiln

Question 15

5 out of 5 points

The production manager for Beer etc. produces 2 kinds of beer: light (L) and dark (D).

Two resources used to produce beer are malt and wheat. He can obtain at most 4800 oz

of malt per week and at most 3200 oz of wheat per week respectively. Each bottle of

light beer requires 12 oz of malt and 4 oz of wheat, while a bottle of dark beer uses 8 oz

of malt and 8 oz of wheat. Profits for light beer are $2 per bottle, and profits for dark

beer are $1 per bottle. What is the optimal weekly profit?

Answer

Selected Answer:

$800

Correct Answer:

$800

Question 16

5 out of 5 points

The owner of Black Angus Ranch is trying to determine the correct mix of two types of

beef feed, A and B which cost 50 cents and 75 cents per pound, respectively. Five

essential ingredients are contained in the feed, shown in the table below. The table also

shows the minimum daily requirements of each ingredient.

Ingredient

Percent per

pound in Feed A

Percent per

pound in Feed B

Minimum daily

requirement

(pounds)

1 20 24 30

2 30 10 50

3 0 30 20

4 24 15 60

5 10 20 40

The constraint for ingredient 3 is:

Answer

Selected Answer:

.3B 20

Correct Answer:

.3B 20

Question 17

5 out of 5 points

Let xij = gallons of component i used in gasoline j. Assume that we have two

components and two types of gasoline. There are 8,000 gallons of component 1

available, and the demands for gasoline types 1 and 2 are 11,000 and 14,000 gallons

respectively. Write the supply constraint for component 1.

Answer

Selected Answer:

x11 + x12 8000

Correct Answer:

x11 + x12 8000

Question 18

5 out of 5 points

The Kirschner Company has a contract to produce garden hoses for a customer.

Kirschner has 5 different machines that can produce this kind of hose. Write a constraint

to ensure that if machine 4 is used, machine 1 will not be used.

Answer

Selected Answer:

Y

1

+ Y

4

1

Correct Answer:

Y

1

+ Y

4

1

Question 19

5 out of 5 points

If we are solving a 0-1 integer programming problem, the constraint x1 = x2 is a

__________ constraint.

Answer

Selected Answer:

corequisite

Correct Answer:

corequisite

Question 20

5 out of 5 points

The following table represents the cost to ship from Distribution Center 1, 2, or 3 to

Customer A, B, or C.

The constraint that represents the quantity supplied by DC 1 is:

Answer

Selected Answer:

X1A + X1B + X1C 500

Correct Answer:

X1A + X1B + X1C 500

Question 21

5 out of 5 points

The assignment problem constraint x31+x32+x33+x34 2 means

Answer

Selected Answer:

agent 3 can be assigned to no more than 2 tasks

Correct Answer:

agent 3 can be assigned to no more than 2 tasks

Question 22

0 out of 5 points

Professor Dewey would like to assign grades such that 15% of students receive As. If

the exam average is 62 with a standard deviation of 13, what grade should be the cutoff

for an A? (Round your answer.)

Answer

Selected Answer:

79

Correct Answer:

75

Question 23

0 out of 5 points

Jack is considering pursuing an MS in Information Systems degree. He has applied to

two different universities. The acceptance rate for applicants with similar qualifications

is 30% for University X and 60% for University Y. The decisions of each university

have no effect on each other. This means that they are:

Answer

Selected Answer:

controlled by the central limit theorem

Correct Answer:

independent

Question 24

5 out of 5 points

__________ moving averages react more slowly to recent demand changes than do

__________ moving averages.

Answer

Selected Answer:

Longer-period, shorter-period

Correct Answer:

Longer-period, shorter-period

Question 25

5 out of 5 points

Consider the following graph of sales.

Which of the following characteristics is exhibited by the data?

Answer

Selected Answer:

Trend plus irregular

Correct Answer:

Trend plus irregular

Question 26

5 out of 5 points

For the following frequency distribution of demand, the random number 0.8177 would

be interpreted as a demand of:

Answer

Selected Answer:

2

Correct Answer:

2

Question 27

5 out of 5 points

A bakery is considering hiring another clerk to better serve customers. To help with this

decision, records were kept to determine how many customers arrived in 10-minute

intervals. Based on 100 ten-minute intervals, the following probability distribution and

random number assignments developed.

Suppose the next three random numbers were .18, .89 and .67. How many customers

would have arrived during this 30-minute period?

Answer

Number of

Arrivals

Probability

Random

numbers

6 .1 .01 - .10

7 .3 .11 - .40

8 .3 .41 - .70

9 .2 .71 - .90

10 .1 .91 - .00

Selected Answer:

24

Correct Answer:

24

Question 28

0 out of 5 points

Fords Bed & Breakfast breaks even if they sell 50 rooms each month. They have a

fixed cost of $6500 per month. The variable cost per room is $30. For this model to

work, what must be the revenue per room? (Note: The answer is a whole dollar

amount. Give the answer as a whole number, omitting the decimal point. For instance,

use 105 to write $105.00).

Answer

Selected Answer: 217

Correct Answer: 160

Question 29

5 out of 5 points

Suppose that a production process requires a fixed cost of $50,000. The variable cost per

unit is $10 and the revenue per unit is projected to be $50. Find the break-even point.

Answer

Selected Answer: 1250

Correct Answer: 1250

1,250

Question 30

5 out of 5 points

Joseph is considering pursuing an MS in Information Systems degree. He has applied to

two different universities. The acceptance rate for applicants with similar qualifications

is 30% for University X and 60% for University Y. What is the probability that Jim will

not be accepted at either university? (Note: write your answer as a probability, with

two decimal places. If necessary, round to two decimal places. For instance, a

probability of 0.252 should be written as 0.25).

Answer

Selected Answer: 0.28

Correct Answer: 0.28

Question 31

5 out of 5 points

Consider the following linear program, which maximizes profit for two products, regular

(R), and super (S):

MAX

50R + 75S

s.t.

1.2R + 1.6 S 600 assembly (hours)

0.8R + 0.5 S 300 paint (hours)

.16R + 0.4 S 100 inspection (hours)

Sensitivity Report:

Final Reduced Objective Allowable Allowable

Cell Name Value Cost Coefficient Increase Decrease

$B$7 Regular = 291.67 0.00 50 70 20

$C$7 Super = 133.33 0.00 75 50 43.75

Final Shadow Constraint Allowable Allowable

Cell Name Value Price R.H. Side Increase Decrease

$E$3 Assembly (hr/unit) 563.33 0.00 600 1E+30 36.67

$E$4 Paint (hr/unit) 300.00 33.33 300 39.29 175

$E$5 Inspect (hr/unit) 100.00 145.83 100 12.94 40

A change in the market has increased the profit on the super product by $5. Total profit

will increase by __________. Write your answers with two significant places after the

decimal and do not include the dollar $ sign.

Answer

Selected Answer: 667

Correct Answer: 667

Question 32

5 out of 5 points

Tracksaws, Inc. makes tractors and lawn mowers. The firm makes a profit of $30 on

each tractor and $30 on each lawn mower, and they sell all they can produce. The time

requirements in the machine shop, fabrication, and tractor assembly are given in the

table.

Formulation:

Let x = number of tractors produced per period

y = number of lawn mowers produced per period

MAX 30x + 30y

subject to 2 x + y 60

2 x + 3y 120

x 45

x, y 0

The graphical solution is shown below.

What is the shadow price for fabrication? Write your answers with two significant

places after the decimal and do not include the dollar $ sign.

Answer

Selected Answer: 7.50

Correct Answer: 7.50

Question 33

0 out of 5 points

Klein Kennels provides overnight lodging for a variety of pets. An attractive feature is

the quality of care the pets receive, including well balanced nutrition. The kennels cat

food is made by mixing two types of cat food to obtain the nutritionally balanced cat

diet. The data for the two cat foods are as follows:

Cat Food Cost/oz

protien

(%) fat (%)

Partner's Choice $0.20 45 20

Feline Excel $0.15 15 30

Klein Kennels wants to be sure that the cats receive at least 5 ounces of protein and at

least 3 ounces of fat per day. What is the optimal cost of this plan? Note: Please write

your answers with two significant places after the decimal and do not include the dollar

$ sign. For instance, $9.45 (nine dollars and fortyfive cents) should be written as

9.45

Answer

Selected Answer: 3.50

Correct Answer: 2.50

Question 34

5 out of 5 points

Find the optimal Z value for the following problem. Do not include the dollar $ sign

with your answer.

Max Z = x1 + 6x2

Subject to: 17x1 + 8x2 136

3x1 + 4x2 36

x1, x2 0 and integer

Answer

Selected Answer: 54

Correct Answer: 54

Question 35

0 out of 5 points

Suppose that x is normally distributed with a mean of 10 and a standard deviation of 3.

Find P(x 6). Note: Round your answer, if necessary, to two places after the decimal.

Please express your answer with two places after the decimal.

Answer

Selected Answer: 11

Correct Answer: 0.09

Question 36

0 out of 5 points

Ms. James is considering four different opportunities, A, B, C, or D. The payoff for each

opportunity will depend on the economic conditions, represented in the payoff table

below.

Investment

Economic Conditions

Poor

(S1)

Average

(S2)

Good

(S3)

Excellent

(S4)

A 18 25 50 80

B 19 100 50 75

C 100 26 120 60

D 20 27 50 240

Suppose all states of the world are equally likely (each state has a probability of 0.25).

What is the expected value of perfect information? Note: Report your answer as an

integer, rounding to the nearest integer, if applicable

Answer

Selected Answer: 225

Correct Answer: 56

Question 37

0 out of 5 points

The local operations manager for the IRS must decide whether to hire 1, 2, or 3

temporary workers. He estimates that net revenues will vary with how well taxpayers

comply with the new tax code. The probabilities of low, medium, and high compliance

are 0.20, 0.30, and 0.50 respectively. What is the expected value of perfect information?

Do not include the dollar $ sign with your answer. The following payoff table is given

in thousands of dollars (e.g. 50 = $50,000). Note: Please express your answer as a

whole number in thousands of dollars (e.g. 50 = $50,000). Round to the nearest whole

number, if necessary.

Answer

Selected Answer: 26000

Correct Answer: 26

Question 38

5 out of 5 points

The local operations manager for the IRS must decide whether to hire 1, 2, or 3

temporary workers. He estimates that net revenues will vary with how well taxpayers

comply with the new tax code. The probabilities of low, medium, and high compliance

are 0.20, 0.30, and 0.50 respectively. What are the expected net revenues for the number

of workers he will decide to hire? The following payoff table is given in thousands of

dollars (e.g. 50 = $50,000). Note: Please express your answer as a whole number in

thousands of dollars (e.g. 50 = $50,000). Round to the nearest whole number, if

necessary.

Answer

Selected Answer: 50

Correct Answer: 50

Question 39

0 out of 5 points

The following sales data are available for 2003-2008 :

Year Sales Forecast

2003 7 7

2004 8 8.5

2005 12 10.5

2006 14 13

2007 16 15

2008 18 16

Calculate the MAPD and express it in decimal notation. Please express the result as a

number with 4 decimal places. If necessary, round your result accordingly. For

instance, 9.14677, should be expressed as 9.1468

Answer

Selected Answer: 1759

Correct Answer: 0.0800

Question 40

5 out of 5 points

Consider the following decision tree. The objective is to choose the best decision among

the two available decisions A and B. Find the expected value of the best decision. Do not

include the dollar $ sign with your answer.

Answer

Selected Answer: 2100

Correct Answer: 2100

2,100

Saturday, December 15, 2012 8:33:46 PM EST

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