Homework Clinic
Social Science Clinic => Business => Topic started by: appyboo on Jun 24, 2018
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In a fixed-cost model, each fixed cost is associated with a binary variable and a specification of the
a. upper bound for the corresponding production variable.
b. upper bound for each of the binary variable.
c. integer constraints involving the corresponding production variables.
d. objective function involving these binary variables only.
Question 2
The sample mean is the point estimator of what population parameter?
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Answer to Question 1
a
RATIONALE: In a fixed-cost model, each fixed cost is associated with a binary variable and a specification of upper bound for the corresponding production variable.
Answer to Question 2
u
RATIONALE: The sample mean estimates the population mean, u).