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East West Distributing is in the process of trying to determine where they should schedule next year's production of a popular line of kitchen utensils that they distribute.Manufacturers in four different countries have submitted bids to East West.However,a pending trade bill in Congress will greatly affect the cost to East West due to proposed tariffs,favorable trading status,etc.
After careful analysis,East West has determined the following cost breakdown for the four manufacturers (in $1,000's)based on whether or not the trade bill passes:
a.If East West estimates that there is a 40% chance of the bill passing,which country should they choose for manufacturing?
b.Over what range of values for the "bill passing" will the solution in part (a)remain optimal?
Studying
The act of devoting time and attention to acquiring knowledge on a subject, especially through reading and analyzing material.
Pons
A part of the brainstem that plays a key role in controlling breathing, communication between different parts of the brain, and sensations such as hearing.
Regulates Thirst
The physiological process that maintains hydration in the body by triggering the sensation of thirst.
Limbic System
A complex system of nerves and networks in the brain, involved in basic emotions (such as fear and pleasure) and drives (such as those for food and sex).
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