Briefly describe the four possible outcomes of a linear optimization model.
What will be an ideal response?
Question 2
The manager at a local movie theater has collected data for a long period of time and has concluded that the revenue from concession sales
during the first show each evening is normally distributed with a mean equal to 336.25 and a variance equal to 1,456. Based on this information, what are the chances that the revenue on the first show will exceed 800?
A) 0.1255
B) Essentially zero
C) 0.3745
D) 0.9999