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Author Question: Which of the following is a likely constraint on the production quantity x associated with a maximum ... (Read 44 times)

tiffannnnyyyyyy

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on: Jun 24, 2018
Which of the following is a likely constraint on the production quantity x associated with a maximum value and a setup variable y in a fixed-cost problem?
 a. x  My
  b. x  My
  c. Mx  y
  d. xy  M

Question 2

Sample statistics, such as , s, or , that provide an estimate of the population parameter are known as


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macybarnes

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Reply #1 on: Jun 24, 2018
Answer to Question 1

b
RATIONALE: x  My is a likely constraint on the production quantity x associated with a maximum value and a setup variable y in a fixed-cost problem.

Answer to Question 2

point estimates.
RATIONALE: Sample statistics are used to provide estimates of unknown population parameters. They are known as point estimates.


tiffannnnyyyyyy

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

FergA

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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