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Use Linear Programming to Solve Problems
-Two kinds of crated cargo, and , are to be shipped by truck. The weight and volume of each type are given in the following table:
The shipping company charges per crate for cargo and per crate for cargo . The truck has a maximum load limit of 7,200 pounds and 1,000 cubic feet. How many of each type of cargo should be shipped to maximize profit for the shipping company?
Credit Sales
Sales made by a business for which payment will be made at a later date, as opposed to immediate cash sales.
Confidence Interval
A confidence interval is a range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter.
Standard Deviation
A statistical measure of the dispersion or spread of data points in a data set, indicating how much the individual data points differ from the mean.
Population Mean
The average of a set of characteristics or numbers in the entire population.
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