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Problems 24 - 25 refer to the following minimization problem:

A diet must contain at least 60 units of protein, and 30 units of fat. Food A provides 2 grams of protein and 4 grams of fat, and costs 30 cents. Food B provides 6 grams of protein and 2 grams of fat, and costs 20 cents.

Graph the constraints, and shade the feasibility region.

Graph

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Write the cost function.

C = . 30 x + . 20 y size 12{C= "." "30"x+ "." "20"y} {}

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For problems 26 and 27, the supply and demand equations are given as follows:

S = 2 / 3x 100 size 12{S=2/3x - "100"} {} , D = 4 / 3x + 500 size 12{D= - 4/3x+"500"} {} , where x size 12{x} {} is the price.

Find the equilibrium price.

300

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How many items will be demanded at that price?

100

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If there are 5 people in a room, what is the probability that no two have the same birthday?

. 97286 size 12{ "." "97286"} {}

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A size 12{A} {} and B size 12{B} {} are mutually exclusive, P A = . 4 size 12{P left (A right )= "." 4} {} , P B = . 5 size 12{P left (B right )= "." 5} {} find P A and B size 12{P left (A" and "B right )} {} .

0

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A size 12{A} {} and B size 12{B} {} are independent. P A = . 4 size 12{P left (A right )= "." 4} {} , P A and B = . 24 size 12{P left (A" and "B right )= "." "24"} {} , find P B size 12{P left (B right )} {} .

. 6 size 12{ "." 6} {}

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What is the probability of getting 3 heads if a coin is tossed 5 times?

. 3125 size 12{ "." "3125"} {}

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If P A = . 5 size 12{P left (A right )= "." 5} {} , P B = . 4 size 12{P left (B right )= "." 4} {} and P A and B = . 2 size 12{P left (A" and "B right )= "." 2} {} , find P A or B size 12{P left (A" or "B right )} {} .

. 7 size 12{ "." 7} {}

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How many different ways can two boys and three girls be chosen from a total of 6 boys and 8 girls?

840

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Problems 34 - 36 refer to the following information.

Companies A size 12{A} {} , B size 12{B} {} , and C size 12{C} {} produce 15%, 40%, and 45% respectively of the major appliances in an area. One percent of company A size 12{A} {} appliances, 2% of company B size 12{B} {} appliances, and 3% of company C size 12{C} {} appliances require service within the first year.

What is the probability that an appliance chosen at random is defective?

. 023 size 12{ "." "023"} {}

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If an appliance is chosen at random and found to be defective, what is the probability that it came from company B size 12{B} {} ?

. 3478 size 12{ "." "3478"} {}

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Suppose it was manufactured by company B size 12{B} {} , what is the probability it is a defective appliance?

. 02 size 12{ "." "02"} {}

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On 30% of his quizzes a student receives a score of 8, and on 70% his score is 9, what is his average?

8 . 7 size 12{8 "." 7} {}

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Problems 38 - 40 refer to the following.

An urn contains 3 red, 4 white and 5 blue marbles, and two marbles are drawn at random.

What is the chance of getting a blue marble on the second draw given that a red has been drawn on the first?

5 / 11 size 12{5/"11"} {}

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What is the probability of obtaining one white and one other marble?

. 4848 size 12{ "." "4848"} {}

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What is the probability of obtaining at least one white marble?

. 5758 size 12{ "." "5758"} {}

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For problems 41 - 43, consider the following transition matrix giving the probabilities for the next purchase of Tide and Brand X size 12{X} {} .

Next purchase
Tide Brand X size 12{X} {}
Present Tide .8 .2
Purchase Brand X size 12{X} {} .4 .6

What percentage of the Tide people will buy Brand X size 12{X} {} next month?

. 2 size 12{ "." 2} {}

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If the original share of the market is . 25 . 75 size 12{ left ( "." "25", "." "75" right )} {} , what will the share be two months from now?

. 6 . 4 size 12{ left [ matrix { "." 6 {} # "." 4{}} right ]} {}

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What will the long term share of the market be?

2 / 3 1 / 3 size 12{ left [ matrix { 2/3 {} # 1/3{}} right ]} {}

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For problems 44 - 46, consider the following transition matrix for an absorbing Markov Chain.

This matrix shows the probability of switching from one state to another.

Identify the absorbing states.

1 and 4

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Write the solution matrix.

This matrix shows the probability of switching from states 2 or 3 to states 1 and 4.
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Find the probability of ending in state 4, given one started in state 2.

. 4 size 12{ "." 4} {}

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Given the 3 × 3 size 12{3 times 3} {} game 2 3 3 1 0 1 0 0 4 size 12{ left [ matrix { 2 {} # 3 {} # 3 {} ##1 {} # 0 {} # - 1{} } right ]} {} , find the optimal strategy for the column player.

1 0 0 size 12{ left [ matrix { 1 {} ##0 } right ]} {}

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For problems 48 - 50, consider the following 2 × 2 size 12{2 times 2} {} payoff matrix.

1 0 1 / 4 1 / 4 size 12{ left [ matrix { - 1 {} # 0 {} ##1/4 {} # - 1/4{} } right ]} {}

Find the row player's optimal strategy.

1 / 3 2 / 3 size 12{ left [ matrix { 1/3 {} # 2/3{}} right ]} {}

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Find the column player's optimal strategy.

1 / 6 5 / 6 size 12{ left [ matrix { 1/6 {} ##5/6 } right ]} {}

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Find the value of the game if the row and column players' strategies are . 7 . 3 size 12{ left [ matrix { "." 7 {} # "." 3{}} right ]} {} , and . 5 . 5 size 12{ left [ matrix { "." 5 {} ##"." 5 } right ]} {} , respectively.

.35

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Source:  OpenStax, Applied finite mathematics. OpenStax CNX. Jul 16, 2011 Download for free at http://cnx.org/content/col10613/1.5
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