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Author Question: In a fixed-cost model, each fixed cost is associated with a binary variable and a specification of ... (Read 234 times)

appyboo

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on: Jun 24, 2018
In a fixed-cost model, each fixed cost is associated with a binary variable and a specification of the
 a. upper bound for the corresponding production variable.
  b. upper bound for each of the binary variable.
  c. integer constraints involving the corresponding production variables.
  d. objective function involving these binary variables only.

Question 2

The sample mean is the point estimator of what population parameter?


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raili21

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

a
RATIONALE: In a fixed-cost model, each fixed cost is associated with a binary variable and a specification of upper bound for the corresponding production variable.

Answer to Question 2

u
RATIONALE: The sample mean estimates the population mean, u).


appyboo

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Reply 2 on: Jun 24, 2018
Wow, this really help

rachel

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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