The Sales Manager made an error, and the profit for Blu Mount was reduced from $24 to$20. The profit will go down by:O $0.O $1167.O $350.O $4667. Colorado Memorabilia sells 3 types of Caps: Arid, Blu Mount, and Colorful. Making Aridrequires 2 minutes of sewing and 30 minutes of labor, and costs $18 in fabric. Blu Mountrequires 2.5 minutes of sewing and 35 minutes of labor, and costs $14 in fabric. Colorfulrequires 3 minutes of sewing and 40 minutes of labor, but costs only $10 for fabric. Thereare 350 sewing minutes available per week, 4750 minutes of labor, and a budget of$3000. The company realizes profits as follows: Arid $20; Blu Mount $24; and Colorful$30.The solution from QM for Windows is shown below.Unese Programming Renuts(untitled) SolutionAB.CRHSDualMaomize2024303.Constraint 12253535010Constraint 230404750Constraint 3181410116 6730003500SolutionThe ranging report from QM for Windows is shown below.Ranging(untitled) SolutionVariableValue ReducedOriginal Val Lower BouUpper Bou.20-Infinity20B24Infinity25116.67Dual Value Slack/Surp3030InfinityUpper BouOriginal Val Lower BouConstraint 110350356 25Constraint 283.3347504666.67IntinityInfinityConstraint 31833.3330001166 67

Under a given set of circumstances, sensitivity analysis evaluates how alternative values of an…

Answered: The Sales Manager made an error, and…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The Sales Manager made an error, and the profit for Blu Mount was reduced from $24 to $20. The profit will go down by: O $0. O $1167. O $350. O $4667.