Bus - Maths Worksheet 2

Arsi University
College Of Business and Economics

Department of Management
Mathematics for Business
Work sheet Two
1. Suppose that a company has six gasoline stations, three in region # 1 and three in region # 2.
January sales volume, in thousands of gallons, is shown for each station as:
Sales in thousands of gallons, January
Station Region #1 Region #2
#1 10 15
#2 12 18
#3 8 12
i) Keeping in mind that rows are stations and columns are regions, change this problem in to
a matrix form
ii) Determine a region by station sales matrix.
2. W/t Masame and Ato Asancha are sales people in a new car agency that sales only two models.
August was the last month for this year’s models, and next year’s models were introduced in
September. Gross birr sales for each month are given in the following matrices.
August sales (in 000) September sales (in 000)

Compact Luxury Compact Luxury
Masame Br 54 88 =A 228 368 =B
Asancha 126 0 304 322
i) What were the combined birr sales in August and September for each person and each
model?
ii) What is the average birr sale in August and September for each person and each model?
iii) If both sales people receive 5% commission on gross birr sales, compute the
commission for each person for each model sold in September?
iii) What was the increase in birr sales from August to September?
3. Z- Leather Company produces leather coats which pass through two departments: fabricating and
finishing. Fabricating and finishing departments require 6 hours and 4 hours respectively per coat.
Personnel in fabricating department require Birr 10 /hour and that of finishing require Birr
7/hour.Find the total labor cost per coat?
4. A personal computer retail company sells five different computer models through three stores
located in a large metropolitan area. The inventory of each model on hand each in each model is
summarized in matrix M. Whole Sale (W) and retail (R) values of each model computer are
summarized in matrix N.
Model
A B C D E W R
4 2 3 7 1 Store 1 Birr700 Birr480 A
M= 2 3 5 0 6 Store 2 N= 1,400 1800 B
10 4 3 4 3 Store 3 1,800 2,400 C
2,700 3,300 D
3,500 4,900 E
i) What is the retail value of the inventory at store 2?
ii) What is the whole sale value of the inventory at store 3?
iv) Compute MN and interpret?
1
5. A company with two different plants manufactures Beds and Swivel chairs. Their
production cost for each furniture is given in the following matrices.
Plant X Plant Y
Bed Swivel Chair Bed Swivel Chair
Materials $30 $25 $36 $27
Labor 60 80 54 74
Find,
i) Combined costs of the two plants?
ii) Average cost of production for the two plants?
iii) If cost of each item in plant X is increased by 10% and that of Y is decreased by 5%,
compute combined cost of production for the two plants?
6. A farmer raises only cows and goats. He wants to raise a total of 16 animals. He has only
Birr 50 for his purpose, out of which he spends Birr 5 to raise a cow and 2 raise a goat.
How many of each animal will be raised to satisfy the need? ( use the inversion method)
7. Using both the inverse and Gauss-Jordan method, solve the following question. Which
procedure is shorter and easier to use?
4X1+5X2=30
2X1+5X2=20
8. Suppose a company makes liquid products: prim oil, Mid oil, and Last oil, which
contains different amounts of additives a1, a2 and a3 per gallon.
Liquid Gallons Made pounds (lbs) of additives per gallon

a1 a2 a3
Perim oil X1 1 1 1
Mid oil X2 1 2 1
Last oil X3 2 0 1
If the amounts of additives available are 20 lbs, 30 lbs and 20 lbs respectively for a 1, a2 and a3,
then calculate the total number of gallons produced from each liquid to use up the additives?
9. Special food for athlete is developed from two foods X and Y. The new food is to be
designed in such a way that it contains exactly 16 ounces of vitamin A, 44 ounces of vitamin
B, and 12 ounces of vitamin C. Each pound of food X contains one ounce of VA, five ounce
of VB, and one ounce of VC. On the other hand each pound of food Y contains two ounce
of VA, one ounce of VB, and one ounce of VC. Find the number of pounds of each food to
be used in the mixture in order to meet the above requirements?
10. A tooth paste company makes a major breakthrough in improving its product (brand A) and
launches an aggressive sale campaign. After acquiring 10% of the market, the company
hires a market research firm to help estimate the percentage of the market it might expect to
have in the future. The research firm finds, after extensive survey that if a person uses
brand A, then the probability is 0.8 that the person will buy it again when he runs out of the
tooth paste. On the other hand, a person using another brand will switch to brand A with a
probability of 0.6 when he runs out of the tooth paste.
a) Write state vector and transition matrix for the system.
b) Calculate:
i) The second state matrix
ii) The third state matrix
iii) The long run phenomenon

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Arsi University

College Of Business and Economics

August sales (in 000) September sales (in 000)

Liquid Gallons Made pounds (lbs) of additives per gallon

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