Author Question: Which of the following is a likely constraint on the production quantity x associated with a maximum ... (Read 87 times)

tiffannnnyyyyyy · **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

macybarnes · **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.