True or False? Explain. (it's true, but I need explanation)
If the reduced cost of a product (decision variable) is positive, then the objective function will decrease by the amount of the reduced cost if an additional such product is produced.
Answer :
Explanation:
True or False? Explain. (it's true, but I need explanation) If the reduced cost of a...
True or False? 1. If an LP has multiple optimal solutions, then all solutions have the same objective function value (such as total profit or cost). 2. As long as all prices (objective coefficients) change within their respective ranges, the optimal solution of a linear program does not change. 3. When a dual price changes within its range, the optimal solution does not change. 4. The solution of a linear program always consists of whole numbers (integers). That is why...
auditing Question one Answer each of the following statements true or false. If it's false explain how the correct statement should be. (10 marks) i) If planned performance materiality is reduced, the amount of evidence the auditor accumulates will decrease. ii) If acceptable audit risk is low, and inherent risk and control risk are both low, then planned detection risk should be high. ii) If the audit assurance rate or tolerable misstatement is 95%, then the level of acceptable audit...
Reduced costs indicate how much the objective coefficient of a decision variable that is currently 0 or at its upper bound must change before that the value of the objective function changes. Reduced costs indicate how much the objective coefficient of a decision variable that is currently 0 or at its upper bound must change before that the value of that variable changes. Are both true or false?
True & False Questions - Also you must explain give the right explanation for the False & True answers with examples: 1) A product can be an idea. 2) Habitat for Humanity is a nonprofit organization because it does not have the fundamental purpose of earning a profit. 3) A shareholder is NOT a stakeholder. 4) Businesses have the right to keep and use their profits as they choose, without limitations. 5) Operations management applies to the development of both...
I need help with those Linear Algebra true or false problems. Please provide a brief explanation if the statement is false. 2. True or False (a) The solution set of the equation Ais a vector space. (b) The rank plus nullity of A equals the number of rows of A (c) The row space of A is equivalent to the column space of AT (d) Every vector in a vector space V can be written as a unit vector. (e)...
indicate whether it's true, false or uncertain and explain the reason. A.2 While we have lots of data on labour markets and the capital stock, we economists still need to rely on filters, like that proposed by Hodrick and Prescott, to calculate the business cycle.
All of these questions are true or false. I need an explanation for every question. 1) A teacher collects surveys from every student in the middle school about RLP. This would be considered a census. 2) A survey asks workers how manageable their hours are on a scale from 1 to 5 ( 1 means not manageable and 5 means extremely manageable). This would be an example of categorical data. 3)A teacher asks all representatives for the form if there...
The reduced cost for a decision variable that appears in a Sensitivity Report indicates the change in the optimal objective function value that results from changing the right-hand side of the nonnegativity constraint from 1 to 0. 0 to 1. –1 to 0. 0 to –1.
True or False and Explain why in a paragraph: Banks have effectively reduced risk using financial futures.
Question 11 an assignment problem is a special type of transportation problem. True False Question 12 when formulating a linear programming problem on a spreadsheet, the data cells will show the optimal solution. True False Question 13 an example of a decision variable in a linear programming problem is profit maximization. True False Question 14 Predictive analytics is the process of using data to. C) determine the break-even point. D) solve linear programming problems. B) predict what will happen in...