Question
In: Math
Phillip, the proprietor of a vineyard, estimates that the first 9400 bottles of wine produced this...
Phillip, the proprietor of a vineyard, estimates that the first 9400 bottles of wine produced this season will fetch a profit of $7 per bottle. However, the profit from each bottle beyond 9400 drops by $0.0004 for each additional bottle sold.
Assuming at least 9400 bottles of wine are produced and sold, what is the maximum profit? (Round your answer correct to the nearest cent.)
_____$
What would be the profit/bottle in this case? (Round the number of bottles down to the nearest whole bottle. Round your answer correct to the nearest cent.)
____$
Solutions
milcah answered 2 years agoRelated Solutions
There are two machines available for cutting corks intended for use in wine bottles. The first...
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cm. The second machine produces corks with diameters that have a
normal distribution with mean 3.04 cm and standard deviation 0.04
cm. Acceptable corks have diameters between 2.9 cm and 3.1 cm. What
is the probability that the first machine produces an acceptable
cork? (Round your answer to...
There are two machines available for cutting corks intended for use in wine bottles. The first...
There are two machines available for cutting corks intended for
use in wine bottles. The first produces corks with diameters that
are normally distributed with mean 3 cm and standard deviation 0.08
cm. The second machine produces corks with diameters that have a
normal distribution with mean 3.04 cm and standard deviation 0.04
cm. Acceptable corks have diameters between 2.9 cm and 3.1 cm. What
is the probability that the first machine produces an acceptable
cork? (Round your answer to...
There are two machines available for cutting corks intended for use in wine bottles. The first...
There are two machines available for cutting corks
intended
for use in wine bottles. The first produces corks with
diameters
that are normally distributed with mean 3 cm and
standard
deviation .1 cm. The second machine produces
corks
with diameters that have a normal distribution with
mean
3.04 cm and standard deviation .02 cm. Acceptable
corks
have diameters between 2.9 cm and 3.1 cm. Which
machine
is more likely to produce an acceptable
cork?
The weight distribution of parcels sent...
3. There are two machines available for cutting corks for use in wine bottles. The first...
3. There are two machines available for cutting corks for use in
wine bottles. The first produces corks with diameters that are
normally distributed with an average of 3 cm and a standard
deviation of 0.1 cm. The second machine produces corks with
diameters that have a normal distribution with an average of 3.04
cm and a standard deviation of 0.02 cm. Acceptable corks have
diameters between 2.9 and 3.1 cm.
a.Which machine is most likely to produce an acceptable...
Budweiser is thinking about making wine… Expected sales per unit 290,000 bottles sold in the first...
Budweiser is thinking about making wine…
Expected sales per unit
290,000 bottles sold in the first year
Sales revenue declines 10% per year (ie, sales growth =
-10%)
Proposed selling price per bottle = $5.10
Variable cost per bottle = $2
Fixed costs = $270K/year in maintenance and labor
Budweiser also expects to lose $300K pretax per year (revenue
net of expenses) from beer sales as people switch from beer to
wine
Working capital necessary = $50K
Wine-making equipment
would...
Budweiser is thinking about making wine… Expected sales per unit 230,000 bottles sold in the first...
Budweiser is thinking about making wine…
Expected sales per unit
230,000 bottles sold in the first year. Sales revenue declines
10% per year (ie, sales growth = -10%)
Proposed selling price per bottle = $5.10. Variable cost per
bottle = $2
Fixed costs = $230K/year in maintenance and labor
Budweiser also expects to lose $300K pretax per year (revenue
net of expenses) from beer sales as people switch from beer to
wine
Working capital necessary = $50K
Wine-making equipment would...
A local winery bottles thousands of bottles of wine per season. The winery has a machine...
A local winery bottles thousands of bottles of wine per season.
The winery has a machine that automatically dispenses the amount of
wine per bottle before aging. Each season the wine maker randomly
samples 45 bottles of wine to ensure the amount of wine per bottle
is 750 ml. If there is evidence that the amount is different than
(less or more than) 750 ml then the winery will need to evaluate
the machine and perhaps rebottle or consider selling...
A bottling machine at a winery fills bottles of wine with an average of volume of...
A bottling machine at a winery fills bottles of wine with an
average of volume of 750 ml with a standard deviation of 6 ml. The
volumes of the wine bottles are closely approximate by a
normal curve. Find the following showing an
appropriately labeled and shaded curve and calculator entries.
What proportion of the wine bottles have more than 760 ml of
wine?
You pick up a bottle that contains 762 ml of wine. What is that
bottle's percentile...
The Mountain Red Vineyard (MRV) is planning to launch a luxury wine brand, MRV Shiraz to...
The Mountain Red Vineyard (MRV) is planning to launch a luxury
wine brand, MRV Shiraz to be sold at the fixed price ? = ?
per barrel. The MRV operations research analyst conducted the
survey of MRV customers and obtained the discrete probability
distribution of annual demand for the new luxury wine brand as
shown in the table below.
(?)
Further the analyst developed the risk analysis simulation
scenario assuming the MRV Shiraz sold quantity is a random variable
with...
The table below shows the bushels of corn and bottles of wine that China and U.S....
The table below shows the bushels of corn and bottles of wine
that China and U.S. can produce from one day of labor under three
different hypothetical situations.
Product
Case 1
Case 2
Case 3
China
U.S.
China
U.S.
China
U.S.
Corn(bushels)
4
2
4
1
4
1
Wine(bottles)
2
1
3
2
2
2
Use the table above to show for each case the commodity in
which each country has a comparative advantage or disadvantage.
Show your work. Answer...
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