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A company is developing a linear programming model for its aggregate production plan. If Wt = workforce size for period t, Ht = number of workers hired for period t, and Ft = number of workers fired for period t, then the company's workforce constraint for period 2 is
Range
The difference between the highest and lowest values in a set of data, indicating the spread or dispersion of the data points.
Interquartile Range
A measure of statistical dispersion, representing the difference between the upper (75th percentile) and lower (25th percentile) quartiles in a dataset.
Middle 50%
A statistical term referring to the interquartile range, which is the range between the 25th percentile and the 75th percentile of a data set.
Population Variance
A statistical measure of the dispersion of a set of values in a population, indicating how spread out the data points are from the population mean.
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