Could anyone put the answer in bold and briefly explain? Thank you so much!! red
ID: 3227710 • Letter: C
Question
Could anyone put the answer in bold and briefly explain? Thank you so much!!
red You work in a company that is considering five projects. The anticipated revenue from these projects and their costs are listed below (all dollar amounts are in millions of dollars): Project 1 2 3 4 5 Revenue 2.13.2 1 2.61.9 Cost 0.70.82 1.850.8 1.4 The company has at most 4 million dollars for these projects. Set up a spreadsheet to decide which projects to do in order to maximize revenue. Type in the total cost (in millions of the projects below. Answer:
Explanation / Answer
To maximise the "Revenue" by fixing the cost 4 millions, we should select the project "1" ,"2" ,"4" & "5". Because, total cost for this four project is 3.72 millions ( < 4 millions) and total Revenue is 9.8 which is maximum with respect to cost. Besides, the project "3" have the highest cost and lowest Revenue. Hence, it should be omitted with respect to cost and Revenue ......