Aconstruction company in naples, florida, is struggling to sell condominiums. in order to attract buyers, the company has made numerous price reductions and better financing offers. although condominiums were once listed for $300,000, the company believes that it will be able to get an average sale price of $210,000. let the price of these condominiums in the next quarter be normally distributed with a standard deviation of $15,000.

a) what is the probability that the condominium will sell at a price (i) below $200,000? , (ii) above $240,000?

b) the company is also trying to sell an artist

Acaterer knows he will need 60, 50, 80, 40 and 50 dinner napkins on five successive evenings. he can purchase new napkins initially at 25 cents each, after which he can have dirty napkins laundered by a fast one-day laundry service (i.e., dirty napkins given at the end of the day will be ready for use the following day) at 15 cents each, or by a slow two-day service at 8 cents each or both. the caterer wants to know how many napkins he should purchase initially and how many dirty napkins should be laundered by fast and slow service on each of the days in order to minimize his total costs. formulate the caterer’s problem as a linear program as follows (you must state any assumptions you make): a. define all variables clearly. how many are there? b. write out the constraints that must be satisfied, briefly explaining each. (do not simplify.) write out the objective function to be minimized. (do not simplify.)