Maximize & minimize

Use simplex method Please see the attached file for full problem description.

Word Problem

You are a contestant on a televaision game show. In front of you are three closed doors. Behind one of them is a new car, and behind the other two are goats. You get to pick on of the doors, and you will win what is behind it. We will assume that you want to win the new car, and not the goats. However, the way the game ...continues

Finance

Annuity

Find the solution, if it exists, to this system of linear equations

Find the solution, if it exists, to this system of linear equations: x + 2y – z = -4 3x + 7y – 6z = -21 x + 4y – 6z = -17 Find the solution, if it exists, to this system of linear equations: x – z = 2 2x - y = 4 x + y + z = 6 A cookie company makes three kinds of cookies, oatmeal raisin, cho ...continues

probability (real world problem)

Lucky Charms has one of six different watches for prizes inside their box of cereal. If you were to purchase 60 boxes, what are the chances that you will collect all six? If you and 10 of your friends were to go purchase 10 boxes each how greater would your chances be?

probability

probability

probability

Three enevelopes are addressed for 3 secret letters written in invisible ink. A secretary randomly places each of the letters in an envelope and mails them. What is the probability that at least 1 person receives the correct letter?

Probability

In one math class of college there aer 10 males and 20 females. The professor makes 3 student teams to work on a group project. A) How many possible teams can be made? B) What is a probability that 2 females and 1 male will be in a group? C) What is a probability of 3 females only? D) What is a probabilty at least 2 ...continues

Probability, solve using methods of probability in a poker game

Poker, in the deck 52 cards, hand of 5 cards, one of the winning hands is flush, all cards belong to a common suit. A) Calculate the number of possible combinations of poker hands B) Calculate a probabilty of flush C) Calculate a probabilty of getting 4 aces on one hand D) calculate a probabilty of getting 2 aces or ...continues

Probabilty: solve using Bayes Theorem

An admissions committee must select students for an MBA program. Past data show that 70% of students complete (C) the program. It is also known that 50% of the graduating students scored above 500 (A) on the GMAT test. While 20% of the dropouts (D) scored that well. Consider a new MBA student. A) What is the prior probabilty ...continues