3. No, I am not using my resources very efficiently. This is because when we need to make more hiking boots you have to make fewer running shoes.
4. I would recommend for them to focus on the hiking boots more because they use less material to make them.
hope this is correct c:
Yes, my resources are being used efficiently if I choose point D, as then I will be making equal amounts of product (1 to 1 ratio).
What is a statistics?
'Statistics is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data.'
According to the given problem,
This is the most efficient point by far compared to the others, because the two axes are the closest together out of all of the 7 points.
I would recommend that the Shoe Hut focus on both of them, as they have a perfect 1 to 1 ratio.
However, if needed, it is possible to allocate all production power towards running shoe insoles at a 15 to 0 ratio compared to hiking shoe insoles at10 to 0.
Hence, we concluded that, It would be better for the shoe hut to focus on running shoe insoles because they are easier to produce and there is less production of cost.
.Learn more about statistics here: https://brainly.com/question/17267403
#SPJ2
