Employee Salaryus Experience Years Employed Years Education Gender r Supervised

1 $65,487 0 27 12 1 44
2 $46,184 3 20 4 0 1
3 $32,782 1 0 7 0 0
4 $54,899 5 12 8 1 0
5 $34,869 5 7 4 1 1
6 $35,487 2 8 2 1 2
7 $26,548 1 5 0 0 2
8 $32,920 3 15 9 1 4
9 $29,548 6 5 1 0 0
10 $34,231 2 6 6 0 3
11 $23,654 0 0 0 1 2
12 $39,331 3 9 6 1 1
13 $36,512 6 6 4 1 2
14 $35,467 6 3 6 1 3
15 $68,425 2 25 12 0 1
16 $35,468 5 9 4 1 5
17 $36,578 4 4 8 0 8
18 $39,828 6 18 5 1 5
19 $36,487 5 6 2 0 3
20 $37,548 9 19 4 0 6
21 $31,528 11 3 3 0 6
22 $34,632 4 5 4 0 0
23 $46,211 5 14 6 1 5
24 $29,876 0 2 3 1 5
25 $43,674 9 6 4 0 2
26 $38,985 7 18 9 0 5
27 $53,234 0 25 6 0 3
28 $51,698 6 18 6 0 1
29 $41,889 16 22 7 0 7
30 $38,791 4 21 5 0 9
31 $69,246 3 22 10 0 45
32 $48,695 19 6 8 0 40
33 $34,987 6 9 2 1 3
34 $28,985 1 0 4 1 4
35 $35,631 4 6 4 0 2
36 $54,679 3 20 6 1 4
37 $39,743 6 9 5 1 1
38 $41,255 4 9 6 0 4
39 $36,431 4 9 4 1 2
40 $26,578 6 0 2 1 2
41 $47,536 5 15 6 0 4
42 $36,571 1 6 4 0 2
43 $56,326 3 12 8 0 6
44 $31,425 6 7 5 1 6
45 $24,749 2 6 0 1 1
46 $26,452 3 1 2 1 0
s Department Interaction
0 0
0 0
1 0
0 0
0 0
0 0
0 0
1 15
1 5
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
1 18
0 0
0 0
1 3
0 0
0 0
0 0
0 0
1 18
0 0
0 0
1 22
1 21
0 0
0 0
0 0
1 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
1 6
0 0
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.940575
R Square 0.884682
Adjusted R Square 0.863439
Standard Error 4064.677
Observations 46

ANOVA
df SS MS F Significance F
Regression 7 4.82E+09 6.88E+08 41.64619 6.615E-16
Residual 38 6.28E+08 16521598
Total 45 5.44E+09

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Intercept 23693.09 1995.36 11.87409 2.345E-14 19653.7 27732.49 19653.7
Years Previous Experience 184.564 185.437 0.995292 0.32589 -190.8335 559.9615 -190.8335
Years Employed 905.2522 120.1523 7.534205 4.711E-09 662.0165 1148.488 662.0165
Years Education 1528.154 294.178 5.194659 7.217E-06 932.6221 2123.686 932.6221
Gender -1232.632 1275.303 -0.96654 0.339885 -3814.348 1349.085 -3814.348
Number Supervised 94.13519 71.91155 1.309041 0.198381 -51.44213 239.7125 -51.44213
Sales Department -297.3754 2462.258 -0.120773 0.904507 -5281.957 4687.206 -5281.957
Interaction -718.2988 194.4771 -3.693489 0.000693 -1112 -324.6006 -1112

RESIDUAL OUTPUT

Observation Predicted Salary

Residuals
Standard Residuals
1 69382.07 -3895.068 -1.042806
2 48558.58 -2374.579 -0.635734
3 34277.36 -1495.36 -0.400345
4 46471.54 8427.46 2.256239
5 35926.8 -1057.797 -0.283198
6 33316.18 2170.816 0.581181
7 28592.19 -2044.187 -0.547279
8 39651.01 -6731.006 -1.802057
9 26966.02 2581.979 0.69126
10 38945.06 -4714.064 -1.262071
11 22648.73 1005.27 0.269136
12 40424.48 -1093.482 -0.292752
13 35300.24 1211.756 0.324417
14 35734.93 -267.9315 -0.071732
15 65125.51 3299.49 0.883355
16 38113.84 -2645.842 -0.708357
17 41030.67 -4452.672 -1.19209
18 34747.08 5080.924 1.360289
19 33386.14 3100.861 0.830177
20 49231.39 -11683.39 -3.127931
21 31136.05 391.946 0.104934
22 35070.23 -438.2253 -0.117324
23 45696.41 514.5881 0.137768
24 29326.1 549.8972 0.147221
25 37086.57 6587.432 1.763618
26 42276.89 -3291.889 -0.88132
27 55775.73 -2541.727 -0.680483
28 50358.08 1339.924 0.358731
29 41817.74 71.25994 0.019078
30 36547.98 2243.02 0.600512
31 63679.96 5566.042 1.490167
32 48621.96 73.03774 0.019554
33 35053.83 -66.82754 -0.017891
34 28836.81 148.1938 0.039675
35 36163.75 -532.7479 -0.14263
36 50664.66 4014.338 1.074737
37 39450.02 292.98 0.078438
38 42124.08 -869.0834 -0.232675
39 37646.87 -1215.873 -0.325519
40 26812.42 -234.4227 -0.062761
41 47740.16 -204.1605 -0.054659
42 35610.06 960.9441 0.257268
43 47899.85 8426.145 2.255887
44 38110.19 -6685.192 -1.789791
45 23748.07 1000.932 0.267974
46 26975.71 -523.7125 -0.140211
 Years Previous Experience
Line Fit Plot
$100,000
Years Employed Line Fit Plot
Salary
$80,000
$50,000 Years Education Line Fit Plot
Predicted Salary
Salary
$60,000
$0 $40,000 $80,000 Salary

Salary
0$20,000
2 4 6 8 101214161820
$60,000
Gender Line Fit Plot
Predicted Salary
Years Previous
$0 Experience
$40,000 $80,000 Salary

Salary
0 $20,000
5 10 15 20 25 30
$60,000 Number Supervised Line Fit
Predicted Salary
Years$0
Employed
$40,000 Plot Salary

Salary
0 $20,000
2 4 6 8 10 12 14
$100,000
Sales Department Line Fit
Predicted Salary
Years$0
Education Plot Salary
0 $50,000 Interaction Line Fit P Predicted Salary

Salary
0.2 0.4 0.6 0.8 1 1.2
$100,000
Upper 95.0% Gender
$0 Salary
$80,000
0 $50,000 Predicted

Salary
27732.49 5 101520253035404550
$60,000
559.9615 Number $0Supervised
$40,000

Salary
1148.488 0$20,000
0.2 0.4 0.6 0.8 1 1.2
2123.686 Sales Department
$0
1349.085 0 5 10 15 20 25
239.7125 Interaction
4687.206
-324.6006
t
ed Line Fit
Salary
artment Line Fit
Predicted Salary

Plot Salary
teraction Line
Predicted Fit Plot
Salary
Salary
04550 Predicted Salary
Salary
4 0.6 0.8 1 1.2 Predicted Salary
artment
0 5 10 15 20 25
Interaction
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.918304
R Square 0.843283
Adjusted R Square 0.819173
Standard Error 4677.294
Observations 46

ANOVA
df SS MS F Significance F
Regression 6 4.59E+09 7.65E+08 34.97607 3.219E-14
Residual 39 8.53E+08 21877078
Total 45 5.44E+09

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Intercept 26861.52 2073.071 12.95735 1.036E-15 22668.33 31054.7 22668.33
Years Previous Experience -59.58865 199.3672 -0.298889 0.766612 -462.8468 343.6695 -462.8468
Years Employed 668.2667 116.8966 5.716734 1.281E-06 431.821 904.7123 431.821
Years Education 1600.986 337.7543 4.740091 2.834E-05 917.8135 2284.159 917.8135
Gender -1906.371 1452.424 -1.312544 0.197009 -4844.176 1031.434 -4844.176
Number Supervised 137.3619 81.64661 1.682396 0.100483 -27.78394 302.5078 -27.78394
Sales Department -7544.208 1711.845 -4.407062 7.962E-05 -11006.74 -4081.674 -11006.74

RESIDUAL OUTPUT

Observation Predicted Salary

Residuals
Standard Residuals
1 68254.1 -2767.103 -0.635484
2 46589.39 -405.3905 -0.093101
3 30464.62 2317.377 0.532201
4 45484.29 9414.708 2.162152
5 35876.38 -1007.376 -0.231351
6 33658.8 1828.202 0.419859
7 30417.99 -3869.986 -0.888768
8 42214.49 -9294.495 -2.134544
9 23902.1 5645.903 1.29662
10 40769.94 -6538.942 -1.501712
11 25229.87 -1575.87 -0.361909
12 40534.06 -1203.059 -0.276291
13 35285.88 1226.117 0.281586
14 36620.42 -1153.417 -0.26489
15 62798.2 5626.799 1.292233
16 37762.36 -2294.357 -0.526915
17 43203.01 -6625.013 -1.521479
18 37773.95 2054.053 0.471727
19 34187.23 2299.768 0.528157
20 46250.4 -8702.402 -1.998566
21 26293.76 5234.236 1.202078
22 36368.44 -1736.44 -0.398785
23 44305.66 1905.338 0.437574
24 31781.45 -1905.447 -0.437599
25 37013.49 6660.513 1.529632
26 46024.67 -7039.673 -1.616709
27 53586.19 -352.1857 -0.080882
28 48276.06 3421.937 0.785871
29 45234.19 -3345.193 -0.768246
30 42353.74 -3562.742 -0.818208
31 63575.76 5670.236 1.302208
32 48041.3 653.7022 0.150127
33 34226.07 760.9277 0.174752
34 24304.74 4680.258 1.074853
35 37311.43 -1680.431 -0.385922
36 48297.08 6381.922 1.465652
37 38754.31 988.6933 0.22706
38 42792.93 -1537.927 -0.353195
39 37409.86 -978.8598 -0.224802
40 28074.31 -1496.31 -0.343638
41 46742.94 793.0622 0.182132
42 37490.2 -919.1965 -0.2111
43 48334.01 7991.989 1.835415
44 38104.58 -6679.583 -1.534012
45 21438.72 3310.277 0.760228
46 28646.62 -2194.619 -0.504009
 Years Previous Experience
Line Fit Plot
$100,000
Years Employed Line Fit Plot
Salary
$80,000
$50,000 Years Education Line Fit Plot
Predicted Salary
Salary
$60,000
$0 $40,000 $80,000 Salary

Salary
0$20,000
2 4 6 8 101214161820
$60,000
Gender Line Fit Plot
Predicted Salary
Years Previous
$0 Experience
$40,000 $80,000 Salary

Salary
0 $20,000
5 10 15 20 25 30
$60,000 Number Supervised Line Fit
Predicted Salary
Years$0
Employed
$40,000 Plot Salary

Salary
0 $20,000
2 4 6 8 10 12 14
$100,000
Sales Department Line Fit
Predicted Salary
Years$0
Education Plot Salary
Predicted Salary
0 $50,000

Salary
0.2 0.4 0.6 0.8 1 1.2
$100,000
Upper 95.0% Gender
$0 Salary
0 $50,000 Predicted

Salary
31054.7 1 5 101520253035404550
343.6695 10 Number $0
Supervised
904.7123 5 0 0.2 0.4 0.6 0.8 1 1.2
2284.159 4 Sales Department
1031.434 0
302.5078 12
-4081.674 0

37659.25
t
ed Line Fit
Salary
artment Line Fit
Predicted Salary

Plot Salary
Predicted Salary
Salary
04550 Predicted Salary

4 0.6 0.8 1 1.2

artment
BIoView

Revenue (£) under Revenue (£) under

Scenario Probability financing from EIR financing from VC
High Revenue 30% 2,000,000 2,500,000
Medium Revenue 40% 500,000 600,000
Low Revenue 30% 10,000 12,000
Microsoft Excel 16.0 Answer Report
Worksheet: [Data (3).xlsx]Q4_Table2
Report Created: 11/04/2025 16:03:21
Result: Solver found a solution. All Constraints and optimality conditions are satisfied.
Solver Engine
Engine: Simplex LP
Solution Time: 0.047 Seconds.
Iterations: 7 Subproblems: 0
Solver Options
Max Time Unlimited, Iterations Unlimited, Precision 0.000001
Max Subproblems Unlimited, Max Integer Sols Unlimited, Integer Tolerance 1%, Solve Without Integer Constraints, Assume

Objective Cell (Min)

Cell Name Original Value Final Value
$G$18 Profit per unit Total Profit 421,550 421,550

Variable Cells
Cell Name Original Value Final Value Integer
$B$14 Number of cards to produce Ames 600 300 Contin
$C$14 Number of cards to produce Bryan 400 400 Contin
$D$14 Number of cards to produce Casper 100 250 Contin
$E$14 Number of cards to produce Danbury 300 350 Contin
$F$14 Number of cards to produce Edison 0 100 Contin

Constraints
Cell Name Cell Value Formula Status Slack
$G$22 Rail limit Total Profit 550 $G$22<=$I$22 Not Binding 150
$G$23 Total Required Cost Total Profit 1400 $G$23<=$I$23 Binding 0
$G$24 Truck Limit Total Profit 850 $G$24<=$I$24 Binding 0
$G$23 Total Required Cost Total Profit 1400 $G$23>=$I$23 Binding 0
$G$25 Union Supply Total Profit -100 $G$25<=$I$25 Not Binding 100
$G$26 Ames Total Profit 300 $G$26<=$I$26 Not Binding 300
$G$27 Bryan Total Profit 400 $G$27<=$I$27 Binding 0
$G$28 Casper Total Profit 250 $G$28<=$I$28 Not Binding 250
$G$29 Danbury Total Profit 350 $G$29<=$I$29 Binding 0
$G$30 Edison Total Profit 100 $G$30<=$I$30 Not Binding 200
$G$31 Volatile Matter Average Total Profit -28000 $G$31<=$I$31 Binding 0
$B$14 Number of cards to produce Ames 300 $B$14>=0 Not Binding 300
$C$14 Number of cards to produce Bryan 400 $C$14>=0 Not Binding 400
$D$14 Number of cards to produce Casper 250 $D$14>=0 Not Binding 250
$E$14 Number of cards to produce Danbury 350 $E$14>=0 Not Binding 350
$F$14 Number of cards to produce Edison 100 $F$14>=0 Not Binding 100
ger Constraints, Assume NonNegative
Microsoft Excel 16.0 Sensitivity Report
Worksheet: [Data (3).xlsx]Q4_Table2
Report Created: 11/04/2025 16:03:21

Variable Cells
Final Reduced Objective Allowable Allowable
Cell Name Value Cost Coefficient Increase Decrease
$B$14 Number of cards to produce Ames 300 0 0 0 0
$C$14 Number of cards to produce Bryan 400 0 0 0 1E+030
$D$14 Number of cards to produce Casper 250 0 0 0 0
$E$14 Number of cards to produce Danbury 350 0 0 0 1E+030
$F$14 Number of cards to produce Edison 100 0 0 0 0

Constraints
Final Shadow Constraint Allowable Allowable
Cell Name Value Price R.H. Side Increase Decrease
$G$22 Rail limit Total Profit 550 0 700 1E+030 150
$G$23 Total Required Cost Total Profit 1400 0 1400 1E+030 0
$G$24 Truck Limit Total Profit 850 0 850 200 100
$G$23 Total Required Cost Total Profit 1400 0 1400 0 81.81818182
$G$25 Union Supply Total Profit -100 0 0 1E+030 100
$G$26 Ames Total Profit 300 0 600 1E+030 300
$G$27 Bryan Total Profit 400 0 400 100 50
$G$28 Casper Total Profit 250 0 500 1E+030 250
$G$29 Danbury Total Profit 350 0 350 100 50
$G$30 Edison Total Profit 100 0 300 1E+030 200
$G$31 Volatile Matter Average Total Profit -28000 0 -28000 1500 1500
Microsoft Excel 16.0 Limits Report
Worksheet: [Data (3).xlsx]Q4_Table2
Report Created: 11/04/2025 16:03:21

Objective
Cell Name Value
$G$18 Profit per unit Total Profit 421,550

Variable Lower Objective Upper Objective

Cell Name Value Limit Result Limit Result
$B$14 Number of cards to produce Ames 300 300 421550 300 421550
$C$14 Number of cards to produce Bryan 400 400 421550 400 421550
$D$14 Number of cards to produce Casper 250 250 421550 250 421550
$E$14 Number of cards to produce Danbury 350 350 421550 350 421550
$F$14 Number of cards to produce Edison 100 100 421550 100 421550
Steelco

Ames Bryan Casper Danbury Edison

Price (£ thousand/kton) 150 175 190 200 240
Capacity (ktons/year) 600 500 660 400 450
Union/Non-union Union Non-union Non-union Union Union
Truck/Rail Rail Truck Rail Rail Truck
% Volatile Matter 16 18 21 23 25

Decision Variables
Ames Bryan Casper Danbury Edison
Number of cards to produce 300 400 250 350 100

Objective

Profit per unit 150.00 165.00 155.00 170.00 175.00

Constraints
Rail limit 1 0 1 0 0
Total Required Cost 1 1 1 1 1
Truck Limit 0 1 0 1 1
Union Supply 1 -1 1 -1 1
Ames 1
Bryan 1
Casper 1
Danbury 1
Edison 1
Volatile Matter Average -16 -18 -22 -24 -21
Total Profit
421,550

Capacity
550 <= 700
1400 >= 1,400
850 <= 850
-100 >= 0
300 <= 600
400 <= 400
250 <= 500
350 <= 350
100 <= 300
-28000 <= -28,000