A small candy shop is preparing for the holiday season. The owner must decide how many...

 

Transcribed Image Text:

A small candy shop is preparing for the holiday season. The owner must decide how many bags of deluxe mix and how many bags of standard mix of Peanut/Raisin Delite to put up. The deluxe mix has .75 pounds of raisins and .25 pounds of peanuts, and the standard mix has 0.53 pounds of raisins and 0.47 pounds of peanuts per bag. The shop has 90 pounds of raisins and 50 pounds of peanuts to work with. Peanuts cost $0.75 per pound and raisins cost $1.65 per pound. The deluxe mix will sell for $3.1 for a one-pound bag, and the standard mix will sell for $2.4 for a one-pound bag. The owner estimates that no more than 95 bags of one type can be sold. a. If the goal is to maximize profits, how many bags of each type should be prepared? (Round your answers down to a whole number.) X Answer is complete but not entirely correct. Deluxe Standard 120 x 0 b. What is the expected profit? (Round your answer to two decimal places.) A small candy shop is preparing for the holiday season. The owner must decide how many bags of deluxe mix and how many bags of standard mix of Peanut/Raisin Delite to put up. The deluxe mix has .75 pounds of raisins and .25 pounds of peanuts, and the standard mix has 0.53 pounds of raisins and 0.47 pounds of peanuts per bag. The shop has 90 pounds of raisins and 50 pounds of peanuts to work with. Peanuts cost $0.75 per pound and raisins cost $1.65 per pound. The deluxe mix will sell for $3.1 for a one-pound bag, and the standard mix will sell for $2.4 for a one-pound bag. The owner estimates that no more than 95 bags of one type can be sold. a. If the goal is to maximize profits, how many bags of each type should be prepared? (Round your answers down to a whole number.) X Answer is complete but not entirely correct. Deluxe Standard 120 x 0 b. What is the expected profit? (Round your answer to two decimal places.)

Answer rating: 100% (QA)

a If the goal is to maximize profits 72 bags of deluxe mix ... View the full answer