Computing Profit Rizza Ford has two locations, one in the city and the other in the suburbs. In January, the city location sold 400 subcompacts, 250 intermediate-size cars, and 50 SUVs; in February, it sold 350 subcompacts, 100 intermediates, and 30 SUVs. At the suburban location in January, 450 subcompacts, 200 intermediates, and 140 SUVs were sold. In February, the suburban location sold 350 subcompacts, 300 intermediates, and 100 SUVs. (a) Find 2 by 3 matrices that summarize the sales data for each location for January and February (one matrix for each month). (b) Use matrix addition to obtain total sales for the 2-month period. (c) The profit on each kind of car is $100 per subcompact, $150 per intermediate, and $200 per SUV. Find a 3 by 1 matrix representing this profit. (d) Multiply the matrices found in parts (b) and (c) to get a 2 by 1 matrix showing the profit at each location.
Computing Profit Rizza Ford has two locations, one in the city and the other in the suburbs. In January, the city location sold 400 subcompacts, 250 intermediate-size cars, and 50 SUVs; in February, it sold 350 subcompacts, 100 intermediates, and 30 SUVs. At the suburban location in January, 450 subcompacts, 200 intermediates, and 140 SUVs were sold. In February, the suburban location sold 350 subcompacts, 300 intermediates, and 100 SUVs. (a) Find 2 by 3 matrices that summarize the sales data for each location for January and February (one matrix for each month). (b) Use matrix addition to obtain total sales for the 2-month period. (c) The profit on each kind of car is $100 per subcompact, $150 per intermediate, and $200 per SUV. Find a 3 by 1 matrix representing this profit. (d) Multiply the matrices found in parts (b) and (c) to get a 2 by 1 matrix showing the profit at each location.
Solution Summary: The author explains how to write a matrix representing the sales of an automobile company and the use of the matrix for computing profit.
Computing Profit Rizza Ford has two locations, one in the city and the other in the suburbs. In January, the city location sold 400 subcompacts, 250 intermediate-size cars, and 50 SUVs; in February, it sold 350 subcompacts, 100 intermediates, and 30 SUVs. At the suburban location in January, 450 subcompacts, 200 intermediates, and 140 SUVs were sold. In February, the suburban location sold 350 subcompacts, 300 intermediates, and 100 SUVs.
(a) Find 2 by 3 matrices that summarize the sales data for each location for January and February (one matrix for each month).
(b) Use matrix addition to obtain total sales for the 2-month period.
(c) The profit on each kind of car is $100 per subcompact, $150 per intermediate, and $200 per SUV. Find a 3 by 1 matrix representing this profit.
(d) Multiply the matrices found in parts (b) and (c) to get a 2 by 1 matrix showing the profit at each location.
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Solve ANY Optimization Problem in 5 Steps w/ Examples. What are they and How do you solve them?; Author: Ace Tutors;https://www.youtube.com/watch?v=BfOSKc_sncg;License: Standard YouTube License, CC-BY
Types of solution in LPP|Basic|Multiple solution|Unbounded|Infeasible|GTU|Special case of LP problem; Author: Mechanical Engineering Management;https://www.youtube.com/watch?v=F-D2WICq8Sk;License: Standard YouTube License, CC-BY