Quality Grocer Makes Its Own Bulk "Trail Mix" by Mixing

question 186

Short Answer

Quality Grocer makes its own bulk "trail mix" by mixing raisins and peanuts. The wholesale cost of raisins is $3.75 per kg and the cost of peanuts is $2.89 per kg. To the nearest 0.1 kg, what amounts of peanuts and raisins should be mixed to produce 50 kg of trail mix with an effective wholesale cost of $3.20 per kg?

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Definitions:

Logistic Regression

A statistical method for analyzing datasets in which there are one or more independent variables that determine an outcome, which is dichotomous.

Multiple Logistic Regression

A statistical technique that models the probability of a certain outcome or event based on more than one independent variable.

Explanatory Variables

Variables in a statistical model that are believed to explain or influence changes in a response variable.

Standard Deviation

A measure of the dispersion or variability within a set of data points, indicating how spread out the values are from the mean.