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1 . A tech company produces two types of gadgets: SmartWatches and FitnessBands. They aim to maximize their weekly profit considering the availability of components
A tech company produces two types of gadgets: SmartWatches and FitnessBands. They aim to maximize their weekly profit considering the availability of components and production capacity. SmartWatch sells for a profit of $ each, and FitnessBand for $ each.
There are two key components in producing their gadgets: microchips and sensors Each Smart Watch requires microchips and sensors while each FitnessBand requires microchip and sensors The company has microchips and sensors available per week. Also, the company wants to ensure that at least of the total gadgets are SmartWatches due to their popularity.
a Formulate the problem as a linear program.
b Solve the linear program from part a above using Excel. Specifically, find the optimal num ber of each gadget type and the optimal profit of the tech company. Please, submit a screenshot of your Excel spreadsheet including the solver parameters, the answer report, and the sensitivity report.
c If the profit from each SmartWatch increases to $ will this affect the optimal number of SmartWatch? What is the new maximum profit?
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