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The University of Iowa Is Experimenting with a Blend of Soil

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Essay

The University of Iowa is experimenting with a blend of soil amendments to be used in an analysis of variance study of the response of tomatoes to various amounts of sunlight.To perform this study, all other elements must be controlled so that the only variable is the sunlight.The minimum requirements for calcium, phosphorous, and potassium are 125 pounds, 150 pounds, and 120 pounds respectively.The soil amendment mixture from Prairie Gold consist of 25% calcium, 25% phosphorous, 12½% potassium, and 37½% other ingredients.It costs $0.40 per ounce.The mixture from Grinell Grow is 20% calcium, 25% phosphorous, 25% potassium, and 30% other ingredients.It sells for $0.50 per ounce.Formulate a linear programming model that will allow the University of Iowa to conduct this experiment using a minimum cost blend of the two soil amendment mixtures.


Definitions:

UCC

The Uniform Commercial Code; a comprehensive set of laws governing all commercial transactions in the United States, intended to standardize the law across the states.

Physical Delivery

Refers to the actual transfer of the underlying asset rather than a cash settlement in futures and options trading.

Sale On Approval

A conditional sale that is to become final only in case the buyer, after a trial, approves or is satisfied with the article sold.

Risk Of Loss

The responsibility for the financial impact of damage, destruction, or disappearance of goods or property, assigned by law or by contract.

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