Question: Two stores sell the exact same brand and style of a dresser, a nightstand, and a bookcase. Matrix A gives the retail prices (in dollars)

Two stores sell the exact same brand and style of a dresser, a nightstand, and a bookcase. Matrix A gives the retail prices (in dollars) for the items. Matrix B gives the number of each item sold at each store in one month.

(a) Calculate AB.
(b) Interpret the entries of AB.
(c) Calculate the matrix 1.1A.
(d) Interpret the entries of the matrix 1.1A.

Dresser Nightstand Bookcase |A =[ 250 60 ] 80 Store 1 Store 2 40 Dresser 35 35 75 30 B = Nightstand 50 Bookcase

Step by Step Solution

★★★★★

3.43 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a 15400 16050 b The monthly sales for Store ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1385-M-S-L-P(1959).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

A company makes backyard playground equipment such as swing sets, slides, and play sets. The cost (in dollars) to make a specific style of each piece is given in matrix C. The sales price (in...

Dormitory room prices (in dollars) for one school year for a random sample of four-year universities Find the range, mean, variance, and standard deviation of the sample data set. 5306 6444 5304 4218...

The prices (in dollars) for a particular model of digital camera with 6.0 megapixels and an optical 3X zoom lens are shown below for 10 online retailers. Estimate the true mean price for this...

Review an Annual Report to gain a general understanding of the types of financial information contained in the report and why that information might be useful to a potential reader. You will also be...

I have attached the Gaps financial report for 2014 which you will need to answer the questions in the assignment. 2014 ANNUAL REPORT Dear Shareholders, It's an honor to write this letter as the CEO...

Hello, would you be able to help me analyze the below financial statements and answer requirements 1-6? It is Kohls financial statements for 2014-2015 UNITED STATES SECURITIES AND EXCHANGE COMMISSION...

Hello, I need help with Requirements 1-6. Attached are both financial statements for Kohl's. Is there any way it could be done by tomorrow? UNITED STATES SECURITIES AND EXCHANGE COMMISSION...

Hey i need help with this, use the 2 repports that i have attatched to answer, will give tip if done fast UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ANNUAL...

Hello Sir, Could you please assist this project urgently. I have to submit it by sunday. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x Annual Report Pursuant to...

At a service centre customers arrive at the rate of 10 per hour and are served at the rate of 15 per hour. Their arrival follows poisson distribution and service in exponentially distributed. Find...

Which of the two methods of accounting for uncollectible accounts provides for the recognition of the expense at the earlier date?

Which one of the following statements is true regarding ratemaking in different types of insurance? Group of answer choices Trending of losses in fire insurance is generally restricted to claim...

The three main methods that might be used to achieve the efficient use of a common resource are Property rights Production quotas

Reconsider Prob. 3.5-5. (a) Use MPL/Solvers to formulate and solve the model for this problem. (b) Use LINGO to formulate and solve this model. In problem Kilogram Kilogram Kilogram Minimum of of of...

Use the graphical method to solve the problem: Maximize Z = 2x1 + x2, Subject to x2 ¤ 10 and x1 ¥ 0, x2 ¥ 0, 2x 512 60 3x s 44

Reconsider Prob. 3.5-6. (a) Use MPL/Solvers to formulate and solve the model for this problem. (b) Use LINGO to formulate and solve this model. In problem Income per Unit of Asset Minimum Cash Asset...

Question 2. Binomial Model and Option Pricing (14 marks) The shares of XYZ Inc. are currently selling for $120 per share. The shares are expected to go up by 10 percent or down by 5 percent in each...

7. Calculating Returns and Variability Using the following returns, calculate the arithmetic average returns, the variances, and the standard deviations for X and Y: Returns Y Year 1 2. 3 4 5 x 12%...

Effect of inventory errors During the taking of its physical inventory on December 31, 20Y3, Corbin Company incorrectly counted its inventory as $280,405 instead of the correct amount of $319,660....