The way to minimize the cost of producing the transistors. Linear programming: It is a mathematical modeling procedure where a linear function is maximized or minimized subject to certain constraints. This method is widely useful in making a quantitative analysis which is essential for making important business decisions.

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A tire factory wants to set a minimum mileage guarantee on its tyre. Tyre tests reveals that the mean mileage has a normal distribution with mean 128 and standard deviation 1.76. the manufacturer wants to set the minimum guaranteed mileage so that no more than 2.5 percent of tyres will have to be replaced. The Lower limit of guaranteed mileage is :? (Write your answer in 2 decimals places)

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Question

Chapter 4, Problem 108P

Summary Introduction

To determine: The way to minimize the cost of producing the transistors.

Linear programming:

It is a mathematical modeling procedure where a linear function is maximized or minimized subject to certain constraints. This method is widely useful in making a quantitative analysis which is essential for making important business decisions.

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