Data analytics and statistics assignment

A) Linear Programming is used in all types of organizations in order to solve a wide variety of problems. Understanding the types of problems, and how LP problems can be modeled in Excel, and how optimal solutions can be found using Excel’s Solver add-in, are powerful methods of quantitative analysis. Typically, most of our efforts go into the development of the model. Develop a model for the following scenario which maximizes company profit and display this graphically. Use SolverTable to monitor the decision variables and the total profit.


An electric vehicle company manufactures electric cars and SUVs. The amount of nickel used per vehicle is a strong contributor toward the development of electric vehicles and is being taken into effect as the main contributor used to maximize profit. Other materials are involved but this problem will focus on nickel alone.

Each electric SUV uses 40 ounces of nickel and produces $4,000 profit. Each electric car uses 30 ounces of nickel and produces $2,500 in profit. Marketing restrictions require that the number of cars produced must be at least twice the number of SUVs produced. There is 20,000 ounces of nickel available. A conversion of ounces to pounds can be performed in the tabulated results if necessary.

40 ounces = 2.5 pounds

30 ounces = 1.875 pounds.

20,000 ounces = 1,250 pounds

  1. Maximize the company’s profit using Solver.
  2. Represent the data visually in order to show the maximized company profit.
  3. Use SolverTable to show what happens to the decision variables and the total profit when the availability of nickel varies from 10,000 to 30,000 in 1,000 ounce increments. How many extra ounces of nickel would the company be willing to pay for over its current 20,000 ounces? How much profit would the company lose if it lost any of its current 20,000 ounces?

B) In any optimization model such as those in this chapter, we say that the model is unbounded (and Solver will indicate as such) if there is no limit to the value of the objective. For example, if the objective is profit, then for any dollar value, no matter how large, a feasible solution exists with a profit at least this large. In the real world, why are there never any unbounded models? If you run Solver on a model and get an “unbounded” message, what should you do?

Using a graphic organizer of your choice, create a visual graphic that explains your answers to the questions above. Then, post your graphic organizer as an attachment. Use your creativity to make it appealing and clear enough for your classmates to understand, and reflect and comment upon.

Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Paper Helper has assembled a team of highly skilled writers with diverse experience in the online writing circles. Our aim is to become a one stop shop for all your Academic/ online writing. Check out below our amazing service!


Essay Writing Services

At Paper Helper, we prioritize on all aspects that creates a good grade such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines. The principal purpose of essay writing is to present the author's evaluation concerning a singular subject about which they have made. Since Professionalism is the mother of every success, try our team of experienced writers in helping you complete your essays and other assignments.


Admission Papers

You have been trying to join that prestigious institution you long yearned for, but the hurdle of an admission essay has become a stumbling block. We have your back, with our proven team that has gained invaluable experience over time, your chance of joining that institution is now! Just let us work on that essay.How do you write an admission essay? How do you begin the essay? For answers, try Quality Custom Writers Now!


Editing and Proofreading

Regardless of whether you're pleased with your composing abilities, it's never an impractical notion to have a second eye go through your work. The best editing services leaves no mistake untouched. We recognize the stuff needed to polish up a writing; as a component of our editing and proofreading, we'll change and refine your write up to guarantee it's amazing, and blunder free. Our group of expert editors will examine your work, giving an impeccable touch of English while ensuring your punctuation and sentence structures are top-notch.


Technical papers

We pride ourselves in having a team of clinical writers. The stringent and rigorous vetting process ensures that only the best persons for job. We hire qualified PhD and MA writers only. We equally offer our team of writers bonuses and incentives to motivate their working spirit in terms of delivering original, unique, and informative content. They are our resources drawn from diverse fields. Therefore your technical paper is in the right hands. Every paper is assessed and only the writers with the technical know-how in that field get to work on it.


College Essay Writing

If all along you have been looking for a trustworthy college essay service provider that provides superb academic papers at reasonable prices, then be glad that you search has ended with us. We are your best choice! Get high-quality college essay writing from our magnificent team of knowledgeable and dedicated writers right now!


Quality Assignment/Homework Help

We give the students premium quality assignments, without alarming them with plagiarism and referencing issues. We ensure that the assignments stick to the rules given by the tutors. We are specific about the deadlines you give us. We assure you that you will get your papers well in advance, knowing that you will review and return it if there are any changes, which should be incorporated.

togel macau togel terbesar bocoran admin jarwo data macau