Question

In: Operations Management

Enrollment Management. An engineering department chair wants to maximize the use of scholarship dollars to shape...

Enrollment Management. An engineering department chair wants to maximize the use of scholarship dollars to shape the enrollment of the incoming freshmen. All applicants take an engineering aptitude test and receive a scholarship based on their score. Here is the scholarship award amount:

Test Score 80 85 90 95 100
Scholarship Amount 2090 2570 3290 3900 4160

The department chair wants to

award scholarships to 100 students

with at least 5 scholarships given to students in each test score

and a total of $350,000 spent on the 100 scholarships.

What is the maximum average test score the freshmen class can have?

Solutions

Expert Solution

Using solver the final answer is 93.42,


Related Solutions

2. The chair of the Criminal Justice department wants to know if students are generally satisfied...
2. The chair of the Criminal Justice department wants to know if students are generally satisfied with their selection of CJ as a major and if there is a difference in perceptions when students with different educational experiences are compared. She administered a survey to a sample of 100 students, 25 students at each academic rank. Based on the information included in the following table…. [Hint: chi-sq. = 20.49] Freshman Sophmore Junior Senior Satisfied 8 15 18 23 Dissatisfied 17...
The company's IT department wants to maximize the processing power of RACK for servers (the type...
The company's IT department wants to maximize the processing power of RACK for servers (the type of sheet metal cabinet in which servers are housed). The RACK they have is 120 cm high and houses three types of server: A 35 cm high, B 25 cm high and C 40 cm high. The processing power of the server is expressed by the speed of processing the commands. The processing power of the available servers is 1 million commands / second...
If a company’s board of directors wants management to maximize shareholder wealth, should the CEO’s compensation...
If a company’s board of directors wants management to maximize shareholder wealth, should the CEO’s compensation be set as a fixed dollar amount, or should the compensation depend on how well the firm performs (that is, the company's performance)? If it is to be based on performance, how should performance be measured? Would it be easier to measure performance by the growth rate in reported profits or the growth rate in the stock’s intrinsic value? Which would be the better...
4. The Indiana Highway Department wants to construct a new rural highway. The engineering team is...
4. The Indiana Highway Department wants to construct a new rural highway. The engineering team is considering two designs: a. Design A calls for a concrete pavement costing $90/ft. with a 20-year life, two paved ditches each costing $3/ft., three box culverts each costing $9,000/mile, annual maintenance costs of $1,800/mile, culvert cleaning costs of $450/mile every five years. Design A has a 20-year life. b. Design B calls for a bituminous pavement costing $45/ft. with a 10-year life, two sodded...
Management and Organizations 1. In a brief essay, discuss how managers can use rewards to shape...
Management and Organizations 1. In a brief essay, discuss how managers can use rewards to shape team behavior 2. in a short essay explain how managers can shape behavior using positive and negative reinforcement
1 A department store has budgeted sales of 12,700 men's coats in September. Management wants to...
1 A department store has budgeted sales of 12,700 men's coats in September. Management wants to have 6,700 coats in inventory at the end of the month to prepare for the winter season. Beginning inventory for September is expected to be 4,700 coats. What is the dollar amount of the purchase of suits if each coat has a cost of $82. 2. A company's history indicates that 30% of its sales are for cash and the rest are on credit....
Standard deviation is a useful concept in performance management. Let us say that a director in a local fire department wants to know any variation between the performance of this year and that of the last year.
Standard deviation is a useful concept in performance management. Let us say that a director in a local fire department wants to know any variation between the performance of this year and that of the last year. He draws a sample of 10 response times of this year ( in minutes): 3.0, 12.0, 7.0, 4.0, 4.0, 6.0, 3.0, 9.0, 11.0, and 15.0, comparing them with a sample of 10 response times last year ( in minutes): 8.0, 7.0, 8.0, 6.0,...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT