Examlex

Solved

The Production Planner for Fine Coffees, Inc

question 57

Multiple Choice

The production planner for Fine Coffees, Inc., produces two coffee blends: American (A) and British (B) . Two of his resources are constrained: Columbia beans, of which he can get at most 300 pounds (4,800 ounces) per week; and Dominican beans, of which he can get at most 200 pounds (3,200 ounces) per week. Each pound of American blend coffee requires 12 ounces of Colombian beans and 4 ounces of Dominican beans, while a pound of British blend coffee uses 8 ounces of each type of bean. Profits for the American blend are $2.00 per pound, and profits for the British blend are $1.00 per pound. What are optimal weekly profits?


Definitions:

Norm-Referenced Tests

Norm-referenced tests are assessments designed to compare the performance of a test-taker to a group of peers, highlighting where an individual stands in relation to others.

Relative Position

Refers to the location or ranking of a value in relation to other values within a data set.

Interquartile Range

A measure of statistical dispersion, representing the difference between the 25th (lower quartile) and 75th (upper quartile) percentiles of the data.

Percentile Rank

A score indicating the percentage of scores in a distribution that a particular score is equal to or higher than.

Related Questions