Question

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 the future.

E) determine the best course of action for the future.

A) analyze trends.

Question 15 A transportation problem requires a unit cost for every source-destination combination.

True

False

Question 16 which of the following are components of a mathematical model for decision making?

D) Parameters.

B) An objective function.

C) Constraints.

A) Decision variables.

E) All of the above answer choices are correct.

Question 17 A linear programming problem where the objective is to find the best mix of ingredients for a product to meet certain specifications is called:

C) a cost-benefit tradeoff problem.

A) a resource-allocation problem.

E) None of the answer choices are correct.

D) a mixture problem.

B) a blending problem.

Question 18 All constraints in a linear programming problem are either ≤ or ≥ inequalities.

True

False

Question 19 Linear programming models can have either ≤ or ≥ inequality constraints but not both in the same problem.

True

False

Question 20 The best feasible solution is called the optimal solution.

True

False

Answer 1

11. The given statement is TRUE

12. The given statement is FALSE

13. The given statement is FALSE

14. The correct option is A) analyze trends.

15. The given statement is TRUE

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