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QNT 2020 Final UPDATED Actual Exam Questions and CORRECT Answers

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QNT 2020 Final UPDATED Actual Exam Questions and CORRECT Answers The ______ function line is made up of those points which all have the same value of the objective function. - CORRECT ANSWER- objective When a constraint is graphed, the resulting line is called a constraint _____ line. - CORRE...

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  • September 24, 2024
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  • QNT 2020
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QNT 2020 Final UPDATED Actual Exam
Questions and CORRECT Answers
The ______ function line is made up of those points which all have the same value of the
objective function. - CORRECT ANSWER✔✔- objective


When a constraint is graphed, the resulting line is called a constraint _____ line. - CORRECT
ANSWER✔✔- boundary


In the product-mix problem, data concerning pricing and product costs is used to estimate -
CORRECT ANSWER✔✔- profit per unit


True or False : The best feasible solution is called the optimal solution. - CORRECT
ANSWER✔✔- True


True or False : A feasible solution is one that satisfies all the constraints of a linear
programming problem simultaneously. - CORRECT ANSWER✔✔- True


True or False : Linear programming problems may have multiple goals or objectives
specified. - CORRECT ANSWER✔✔- False


True or False : Constraints limit the alternatives available to a decision maker. - CORRECT
ANSWER✔✔- True


True or False : All constraints in a linear programming problem are either ≤ or ≥ inequalities.
- CORRECT ANSWER✔✔- False


True or False : An example of a decision variable in a linear programming problem is profit
maximization. - CORRECT ANSWER✔✔- False



True or False : The equation 5x + 7y = 10 is linear. - CORRECT ANSWER✔✔- True

,The production planner for Fine Coffees, Inc. produces two coffee blends: American (A) and
British (B). He can only get 300 pounds of Colombian beans per week and 200 pounds of
Dominican beans per week. Each pound of American blend coffee requires 12 ounces of
Colombian beans and 4 ounces of Dominican beans, while a pound of British blend coffee
uses 8 ounces of each type of bean. Profits for the American blend are $2.00 per pound, and
profits for the British blend are $1.00 per pound. The goal of Fine Coffees, Inc. is to
maximize profits.What is the constraint for Dominican beans? - CORRECT ANSWER✔✔-
4A + 8B ≤ 3,200.


Explanation: Since each pound of A uses 12 ounces of Dominican beans and each pound of B
uses 8 ounces of Dominican beans, it is convenient to convert the supply of Dominican beans
to ounces (200 pounds = 3,200 ounces). Then the constraint should reflect that the usages (4
ounces per pound of A, 8 ounces per pound of B) must be less than the supply.


The production planner for Fine Coffees, Inc. produces two coffee blends: American (A) and
British (B). He can only get 300 pounds of Colombian beans per week and 200 pounds of
Dominican beans per week. Each pound of American blend coffee requires 12 ounces of
Colombian beans and 4 ounces of Dominican beans, while a pound of British blend coffee
uses 8 ounces of each type of bean. Profits for the American blend are $2.00 per pound, and
profits for the British blend are $1.00 per pound. The goal of Fine Coffees, Inc. is to
maximize profits.


What is the constraint for Colombian beans? - CORRECT ANSWER✔✔- 12A + 8B ≤ 4,800.


Explanation: Since each pound of A uses 12 ounces of Colombian beans and each pound of B
uses 8 ounces of Colombian beans, it is convenient to convert the supply of Columbian beans
to ounces (300 pounds = 4,800 ounces). Then the constraint should reflect that the usages (12
ounces per pound of A, 8 ounces per pound of B) must be less than the supply.


The production planner for Fine Coffees, Inc. produces two coffee blends: American (A) and
British (B). He can only get 300 pounds of Colombian beans per week and 200 pounds of
Dominican beans per week. Each pound of American blend coffee requires 12 ounces of
Colombian beans and 4 ounces of Dominican beans, while a pound of British blend coffee
uses 8 ounces of each type of bean. Profits for the American blend are $2.00 per pound, and
profits for the British blend are $1.00 per pound. The goal of Fine Coffees, Inc. is to
maximize profits.


What is the objective function? - CORRECT ANSWER✔✔- P = 2A + B.

, True or False : A linear programming problem may return fractional solutions (e.g. 4 1/3) for
a resource allocation problem. - CORRECT ANSWER✔✔- True


True or False : Linear programming does not permit fractional solutions. - CORRECT
ANSWER✔✔- False


True or False : For cost-benefit-tradeoff problems, minimum acceptable levels for each kind
of benefit are prescribed and the objective is to achieve all these benefits with minimum cost.
- CORRECT ANSWER✔✔- True


A freelance writer must choose how to spend her time working on several different types of
projects.
Newspaper stories take 3 hours to write and pay a flat rate of $45 per story. Magazine articles
take much longer to write (25 hours) but pay significantly better ($400 per article).
Proofreading is often tedious, but the writer can always find proofreading jobs that pay $20
per hour. The writer wants to maximize her income, but doesn't want to work more than 45
hours per week. Additionally, she dislikes proofreading so she would like to spend no more
than 7 hours per week on that task. Both newspaper stories and magazine articles must be
completed in the week they are started (HINT: use an integer constraint to be sure that all
newspaper and magazine jobs are finished within a week).


The writer's problem falls within which classification? - CORRECT ANSWER✔✔-
Resource-allocation.


A freelance writer must choose how to spend her time working on several different types of
projects.
Newspaper stories take 3 hours to write and pay a flat rate of $45 per story. Magazine articles
take much longer to write (25 hours) but pay significantly better ($400 per article).
Proofreading is often tedious, but the writer can always find proofreading jobs that pay $20
per hour. The writer wants to maximize her income, but doesn't want to work more than 45
hours per week. Additionally, she dislikes proofreading so she would like to spend no more
than 7 hours per week on that task. Both newspaper stories and magazine articles must be
completed in the week they are started (HINT: use an integer constraint to be sure that all
newspaper and magazine jobs are finished within a week).


Which of the following is the objective function for the writer's problem? - CORRECT
ANSWER✔✔- Max R = 45N + 400M + 20P

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