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Author Question: For a location problem, if the variables are defined as xi = 1 if an outlet store is established in ... (Read 202 times)

Marty

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on: Jun 24, 2018
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?


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itsakadoozi

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Reply #1 on: Jun 24, 2018
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

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Reply #2 on: Jun 24, 2018
Correct answers!


itsakadoozi

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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