Question
Statistics and Probability a). Toni has a small business producing dried floral wreaths and table arrangements. Each wreath takes 6hours to produce, uses 10 stems
Statistics and Probability
a). Toni has a small business producing dried floral wreaths and table arrangements. Each wreath takes 6hours to produce, uses 10 stems of flowers, and earns a profit of $24. Each table arrangement takes 3hours to produce, uses 20 stems of flowers, and earns a profit of $72. Toni can work no more than 60hours per week and has a steady supply of 160 stems of dried flowers per week. Toni must make at least four floral wreaths and two table arrangements. How many of each product should Toni make to maximize profit? What is her maximum profit?
b) If there are no minimum requirements, what will Toni's profit and optimal production policy be?
Solve the question with correct answer and proper explanation please that I can understand...!
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