Author Question: A scenario in which the optimal objective function contour line coincides with one of the binding ... (Read 80 times)

jon_i

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A scenario in which the optimal objective function contour line coincides with one of the binding constraint lines on the boundary of the feasible region leads to _____ solutions.
 a. infeasible b. alternative optimal
  c. binding d. unique optimal

Question 2

The purpose of statistical inference is to make estimates or draw conclusions about a
 a. sample based upon information obtained from the population.
  b. population based upon information obtained from the sample.
  c. statistic based upon information obtained from the population.
  d. mean of the sample based upon the mean of the population.



Dnite

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Answer to Question 1

b
RATIONALE: A special case in which the optimal objective function contour line coincides with one of the binding constraint lines on the boundary of the feasible region leads to alternative optimal solutions; in such cases, more than one solution provides the optimal value for the objective function.

Answer to Question 2

b
RATIONALE: When we make estimates of or draw conclusions about one or more characteristics of a population based upon the sample, we are using the process of statistical inference.



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