Author Question: If there are no other feasible points with a larger objective function value in the entire feasible ... (Read 148 times)

silviawilliams41 · **on:** Jun 24, 2018

If there are no other feasible points with a larger objective function value in the entire feasible region, a feasible solution is
a. an efficient frontier.
b. a global maximum.
c. not a local maximum.
d. a global minimum.

Question 2

The process of making conjecture about the value of a population parameter, collecting sample data that can be used to assess this conjecture, measuring the strength of the evidence against the conjecture that is provided by the sample, and using these results to draw a conclusion about the conjecture is known as
a. postulation. b. hypothesis testing.
c. statistical inference. d. empirical research.

IAPPLET · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

b
RATIONALE: A feasible solution is a global maximum if there are no other feasible points with a larger objective function value in the entire feasible region.

Answer to Question 2

b
RATIONALE: Hypothesis testing is the process of making conjecture about the value of a population parameter, collecting sample data that can be used to assess this conjecture, measuring the strength of the evidence against the conjecture that is provided by the sample, and using these results to draw a conclusion about the conjecture.