How many vats of lite, regular and dark beer should be brewed in order to maximize profits? What is the maximum profit?
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A brewery manufactures 3 types of beer ---lite, regular and dark. Each vat of lite beer requires 6 bags of barley, 1 bag of sugar, and 1 bag of hops. Each vat of regular beer requires 4 bags of barley, 3 bags of sugar, and 1 bag of hops. Each vat of dark beer requires 2 bags of barley, 2 bags of sugar, and 4 bags of hops.
Each day the brewery has 800 bags of barley, 600 bags of sugar, and 300 bags of hops available.
The brewery realizes a profit of $10 per vat of lite beer, $20 per vat of regular beer, and $30 per vat of dark beer.
How many vats of lite, regular and dark beer should be brewed in order to maximize profits? What is the maximum profit?
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Solution Summary
This solution is comprised of a detailed explanation to answer how many vats of lite, regular and dark beer should be brewed in order to maximize profits and what is the maximum profit.
Education
- BSc , Wuhan Univ. China
- MA, Shandong Univ.
Recent Feedback
- "Your solution, looks excellent. I recognize things from previous chapters. I have seen the standard deviation formula you used to get 5.154. I do understand the Central Limit Theorem needs the sample size (n) to be greater than 30, we have 100. I do understand the sample mean(s) of the population will follow a normal distribution, and that CLT states the sample mean of population is the population (mean), we have 143.74. But when and WHY do we use the standard deviation formula where you got 5.154. WHEN & Why use standard deviation of the sample mean. I don't understand, why don't we simply use the "100" I understand that standard deviation is the square root of variance. I do understand that the variance is the square of the differences of each sample data value minus the mean. But somehow, why not use 100, why use standard deviation of sample mean? Please help explain."
- "excellent work"
- "Thank you so much for all of your help!!! I will be posting another assignment. Please let me know (once posted), if the credits I'm offering is enough or you ! Thanks again!"
- "Thank you"
- "Thank you very much for your valuable time and assistance!"
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