In cases where Excel Solver experiences excessive run times when ...

[Wadzanai]

In cases where Excel Solver experiences excessive run times when solving integer linear problems, the Integer Optimality is set to
 a. 5.
  b. 0.
  c. infinity.
  d. a value equal to the number of integer constraints.

Question 2

Which statement is NOT true?
 a. Rejecting the null hypothesis when it is true is a Type I error.
  b. The probability of making a Type I error is symbolized by .
  c. Failing to reject the null hypothesis when it is false is a Type I error.
  d. Type II error can occur for both one and two-tailed tests.

[Tonny]

Answer to Question 1

a
RATIONALE: If an optimal solution cannot be found within a reasonable amount of time, the Integer Optimality () can be reset to 5 percent or some higher value so that the search procedure may stop when a near optimal solution (within the tolerance of being optimal) has been found. In general, unless you are experiencing excessive run times, it is recommended that the Integer Optimality () is set to 0.

Answer to Question 2

c
RATIONALE: Failing to reject the null hypothesis when it is false is a Type II error.

[Wadzanai]

Correct answers!

[Tonny]

Great! Please up vote