Which of the following is a likely constraint on the production ...

[tiffannnnyyyyyy]

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]

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.

[tiffannnnyyyyyy]

Thanks for the timely response, appreciate it

TYSM