Mathematical modeling is about constructing one or two equations that represent real life situations. What are these math models used for? Give at least two equations that have practical applications. Example: The equation can be used to find your salary given the fact you earn a fixed salary of $1000 per month, plus $30 per hours. Here, s stands for your overall pay, and h denotes the number of hours you put in.
Consider a challenge in capital budgeting where six projects are represented by
a. Write a constraint modeling a situation in which two of the projects 1, 3, and 6 must be undertaken.
b. In which situation the constraint "" is used, explain clearly:
c. Create a constraint to represent a scenario where either roject 2 or 4 must be pursued, but not both
d. Write constraints modeling a situation where project 1 cannot be undertaken IF projects 3. also is NOT undertaken.
e. Explain clearly the situation in which the following 3 constraints are used simulataneously (together):
Lemons and Car Crashes Listed below are annual data for various years. The data are weights (metric tons) of lemons imported from Mexico and U.S. car crash fatality rates per 100,000 population [based on data from “The Trouble with QSAR (or How I Learned to Stop Worrying and Embrace Fallacy),” by Stephen Johnson, Journal of Chemical Information and Modeling, Vol. 48, No. 1]. Is there sufficient evidence to conclude that there is a linear correlation between weights of lemon imports from Mexico and U.S. car fatality rates? Do the results suggest that imported lemons cause car fatalities?
Determine the algebraic modeling which of the following data sets are linear and which are exponential. For the linear sets, determine the slope. For the exponential sets, determine the growth factor or the decay factor
a)
b)
c)
d)