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Write a Profit Formula for This Mixture Problem: Kim and Lynn

question 107

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Write a profit formula for this mixture problem: Kim and Lynn produce tables (x) and chairs (y) . Each piece is assembled, sanded, and stained. A table requires two hours to assemble, three hours to sand, and three hours to stain. A chair requires four hours to assemble, two hours to sand, and three hours to stain. The profit earned on each table is $20 and on each chair is $12. Together Kim and Lynn spend at most 16 hours assembling, 10 hours sanding, and 13 hours staining.


Definitions:

Sales

Transactions involving the exchange of goods or services for money or other compensation.

Experience

The knowledge or skill acquired by a person over time through involvement in or exposure to events.

Linear Relationship

A type of correlation where changes in one variable are directly proportional to changes in another variable.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, usually denoted by α.

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