First, rewrite all the mixed fractions as impropper fractions:
[tex]\begin{gathered} 10\frac{1}{2}=10\times\frac{2}{2}+\frac{1}{2}=\frac{20}{2}+\frac{1}{2}=\frac{21}{2} \\ \\ 7\frac{1}{2}=7\times\frac{2}{2}+\frac{1}{2}=\frac{14}{2}+\frac{1}{2}=\frac{15}{2} \\ \\ 2\frac{1}{5}=2\times\frac{5}{5}+\frac{1}{5}=\frac{10}{5}+\frac{1}{5}=\frac{11}{5} \end{gathered}[/tex]
Next, multiply the rate of chocolate production over time by the the operating time of the machines to find the total amount of pounds of chocolate frogs produced in one day:
[tex]7\frac{1}{2}\times2\frac{1}{5}=\frac{15}{2}\times\frac{11}{5}=\frac{15\times11}{2\times5}=\frac{3\times11}{2}=\frac{33}{2}=16\frac{1}{2}[/tex]
Then, the chocolate factory can produce 16 1/2 pounds of chocolate frogs per day.
Since 16 1/2 is greater than 10 1/2, then the chocolate factory will meet their goal with the total being over 10 1/2 pounds of chocolate frogs produced.