Consider the following linear programming problem Max Z 30x36x Subject to 3x₁+1x300 4x15xy 320 M₁₂0 What is the 2 in the optimal point of this problem? 3000 2400 3000 3600 abone
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- Suppose that Pizza King and Noble Greek stopadvertising but must determine the price they will chargefor each pizza sold. Pizza King believes that Noble Greek’sprice is a random variable D having the following massfunction: P(D $6) .25, P(D $8) .50, P(D $10) .25. If Pizza King charges a price p1 and NobleGreek charges a price p2, Pizza King will sell 10025( p2 p1) pizzas. It costs Pizza King $4 to make a pizza.Pizza King is considering charging $5, $6, $7, $8, or $9 fora pizza. Use each decision criterion of this section todetermine the price that Pizza King should charge.Explain why the reward for a saddle point must be thesmallest number in its row and the largest number in itscolumn. Suppose a reward is the smallest in its row and thelargest in its column. Must that reward yield a saddle point?For the remaining questions, consider the following problem description: An oil company is considering exploring new well sites S₁, S2, ..., S10 with respective costs C1, C2, C10. And in particular they want to find the least-cost selection of 5 out of the 10 possible sites. The binary decision variables x₁,x2,..., X10 denote the decision to explore the corresponding site.
- Define the different components (y, x, a, and b) of a linearregression equationMartin owns an older home, which requires minor renovations. However, the neighborhood where Martin lives mostly includes newly constructed luxury homes. Why might Martin's home increase in value? Based on the principle of substitution, the value of Martin's house will equal the value of the newly constructed homes in the neighborhood. ○ The value of Martin's home will decrease due to the new competition in the neighborhood. Based on the principle of regression, the newly constructed homes in the neighborhood will increase the home values of the entire neighborhood. Based on the principle of progression, the newly constructed homes in the neighborhood will increase the home values of the entire neighborhood.Long-Life Insurance has developed a linear model that it uses to determine the amount of term life Insurance a family of four should have, based on the current age of the head of the household. The equation is: y=150 -0.10x where y= Insurance needed ($000) x = Current age of head of household b. Use the equation to determine the amount of term life Insurance to recommend for a family of four of the head of the household is 40 years old. (Round your answer to 2 decimal places.) Amount of term life insurance thousands
- A survey was conducted to 12 first time voters on their preferred candidate. The results are: BBM, BBM, LR, IM, PL, PL, IM, IM, BBM, BBM, LR, LR. Which statement is true? The Borda score of PL is two points. BBM wins by plurality method. The Condorcet winner is IM. The modes are LR and IM Which of the following is a property of all linear programming problems? alternate courses of action to choose from minimization of some objectives a computer program usage of graphs in the solution4. Explain how the logit model overcomes the problems associated with the Linera Probability Model in binary dependent variaraile model.minimize Z = 5x1 + x2 subject to 3x1 + 4x2 = 24 0 x1 x1 + 3x2