A manufacturer of electrical consumer products, with its headquarters in Burlington, Iowa, produces electric irons at Manufacturing Plants 1, 2, and 3. The irons are shipped to Warehouses A, B, C, and D. The shipping cost per iron, the monthly warehouse requirements, and the monthly plant production levels are:
How many electric irons should be shipped per month from each plant to each warehouse to minimize monthly shipping costs?
a.
Use the minimum cost method to find an initial feasible solution.
b.
Can the initial solution be improved?
c.
Compute the optimal total shipping cost per month.
Definitions:
Region of Rejection
The range of values for which the null hypothesis is rejected in favor of the alternative hypothesis in hypothesis testing.
p < .05
Indicates that the probability of the observed data occurring under the null hypothesis is less than 5%, suggesting statistical significance.
Null Hypothesis
The presumption of no association or effect between variables, a stance taken until evidence suggests otherwise.
Probability
A numeric expression, ranging from 0 to 1, indicating the probability of an event happening.
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