Exhibit 3.1 The Following Questions Are Based on This Problem and Accompanying

question 69

Multiple Choice

Exhibit 3.1
The following questions are based on this problem and accompanying Excel windows.
Jones Furniture Company produces beds and desks for college students. The production process requires carpentry and varnishing. Each bed requires 6 hours of carpentry and 4 hour of varnishing. Each desk requires 4 hours of carpentry and 8 hours of varnishing. There are 36 hours of carpentry time and 40 hours of varnishing time available. Beds generate $30 of profit and desks generate $40 of profit. Demand for desks is limited, so at most 8 will be produced. The LP model for the problem is
-Refer to Exhibit 3.1. What formula should be entered in cell D8 in the accompanying Excel spreadsheet to compute the amount of carpentry used?

• A) =B4*B5+C4*C5
• B) =SUMPRODUCT(B8:C8,$B$4:$C$4)
• C) =SUM(B5:C5)
• D) =SUM(E8:E10)

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Definitions:

Psychological Environment

The perceived or experienced surroundings that influence an individual's mental and emotional state.

Force

The influence or energy exerted on or against an object in order to cause it to change its motion or state.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences through study, experience, or teaching.

Probability

A measure or estimation of how likely it is that an event will occur, expressed as a value between 0 and 1.