For a location problem, if the variables are defined as xi = 1 if ...

[Marty]

For a location problem, if the variables are defined as xi = 1 if an outlet store is established in region i and 0 otherwise, the objective function is best defined by __________ for i = 1, 2, , n number of outlet stores included in the problem.
 a. Min(Sxi)
  b. Max(Sxi)
  c. Min(pxi)
  d. Max(pxi)

Question 2

A sample of 92 observations is taken from an infinite population. The sampling distribution of is approximately normal because of what theorem?

[itsakadoozi]

Answer to Question 1

a
RATIONALE: For a location problem, if the variables are defined as xi = 1 if an outlet store is established in region i and 0 otherwise, the objective function is best defined by Min(Sxi) for i = 1, 2, , n number of outlet stores included in the problem.

Answer to Question 2

The Central Limit Theorem
RATIONALE: In selecting random samples of size n from a population, the sampling distribution of the sample mean can be approximated by a normal distribution as the sample size becomes large.

[Marty]

Correct answers!

[itsakadoozi]

Great! Please up vote