A computer start-up named Pear is considering entering the U.S. market with what they believe to be a smaller and faster computer than some of the existing products on the market. They want to get a feel for whether or not customers would be willing to switch from some of the existing bigger brands to consider their product. They want to collect a reasonable sample from across the U.S. representative of all age brackets. They have split the U.S. into 2 regions: East and West. They want to at least 65% of their sample to cover the East and no fewer than 25% of the West. They also have divided the age groups into 3 categories: 18-35, 36-69, and 70 and up. They want at least 50% of their sample to be between 18-35 and at least 40% to be between 36-69. The costs per person surveyed is given in the table below: Assume that exactly 1,000 people are to be surveyed. How many people should Pear Company survey from each age bracket within each region in order to minimize costs while meeting all requirements?
Correct Answer:
Verified
Q60: A small furniture manufacturer produces tables and
Q72: When formulating transportation LP problems,the objective function
Q74: A fast food restaurant uses full-time and
Q76: Cedar Point amusement park management is preparing
Q78: A manufacturer of microcomputers produces four models:
Q80: First Securities, Inc., an investment firm, has
Q81: Green Grass, Inc. just ran out of
Q82: Describe the marketing research linear programming application.
Q84: Three types of fertilizer are manufactured by
Q88: Describe the portfolio selection linear programming application.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents