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For a manufacturing company in Thailand, the graph displays data on
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09 Mar 2024, 10:32
09 Mar 2024, 10:32
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Difficulty:
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45% (03:35) correct
55%
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For a manufacturing company in Thailand, the graph displays data on the cost of purchase from an outside supplier (P) versus the cost of in-house manufacture (M), in hundreds of Thai baht (B), for 13 different industrial parts. For each of the 13 parts, if M < P, the company will manufacture that part in-house. There is a fixed value, k, such that for any of the 13 parts, if k ≥ M ≥ P, the company will purchase the part from an outside supplier; if P ≥ k, the company will manufacture the part in-house, even if M ≥ P. The graph also displays 3 lines, one of which represents the maximum amount the company will pay to purchase a part from an outside supplier.
Use the drop-down menus to create the most accurate statements based on the information provided.
The graph displays data for industrial parts for which the cost of in-house manufacture exceeds the cost of purchase from an outside supplier. For industrial parts for which the cost of in-house manufacture exceeds the cost of purchase from an outside supplier, the maximum cost of purchase is
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Official Answer
Dropdown 1: 4
Dropdown 2: 1000
Re: For a manufacturing company in Thailand, the graph displays data on
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09 Mar 2024, 12:15
09 Mar 2024, 12:15
2
Kudos
There is a lot of information that might cause confusion here, it took me longer than 5 minutes to solve this problem :/
So we know when M<P The company will pay to manufacture part in house, this means all the data points will be below Line B
If P>/k we know that the part will be manufactured in house even if M>/P. What we don't know is what K is equal to.
(1) First Drop down: So the question is asking how many data points ( parts ) are M>P, which is what is above Line B: 4 is the answer
(2) 2nd Drop Down: So questions is asking What data point ( part) is M>P, which is above the line, but now Line B is the max cost of purchase. The closest to this line is 1000.
So we know when M<P The company will pay to manufacture part in house, this means all the data points will be below Line B
If P>/k we know that the part will be manufactured in house even if M>/P. What we don't know is what K is equal to.
(1) First Drop down: So the question is asking how many data points ( parts ) are M>P, which is what is above Line B: 4 is the answer
(2) 2nd Drop Down: So questions is asking What data point ( part) is M>P, which is above the line, but now Line B is the max cost of purchase. The closest to this line is 1000.
Re: For a manufacturing company in Thailand, the graph displays data on
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13 Mar 2024, 12:55
13 Mar 2024, 12:55
Expert Reply
Fixed the drop down. Thank you
