A manufacturer of tennis rackets makes a profit of $15 on each oversized racket and $8 on each standard racket. To meet dealer demand, daily produc-tion of standard rackets should be between 30 and 80, and production of oversized rackets should be between 10 and 30. To maintain high quality, the total number of rackets produced should not exceed 80 per day. How many of each type should be manufactured daily to maximize the profit?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
A manufacturer of tennis rackets makes a profit of $15 on each oversized racket and $8 on each standard racket. To meet dealer demand, daily produc-tion of standard rackets should be between 30 and 80, and production of oversized rackets should be between 10 and 30. To maintain high quality, the total number of rackets produced should not exceed 80 per day. How many of each type should be manufactured daily to maximize the profit?
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