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

question 37

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. Which cells should be changing cells in this problem?

• A) B4:C4
• B) E5
• C) D8:D10
• D) E8:E10

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Definitions:

Alpha

In finance, a measure of the active return on an investment compared to a market index; in other contexts, it can signify a beginning or a primary factor.

Recent Periods

Refers to the latest or most current time frames for which data or observations are available.

Moving Averages

A forecasting method that uses an average of the n most recent periods of data to forecast the next period.

Historical Data

Information collected from past events and time periods, used for analysis, research, or projection of future trends.