What Is Optimization

question 93

Multiple Choice

What is optimization?

• A) A statement about what will happen or might happen in the future such as future sales or employee turnover
• B) A statistical process that finds the way to make a design, system, or decision as effective as possible, for example, finding the values of controllable variables that determine maximal productivity or minimal waste
• C) Predictions based on time-series information
• D) A statistical process for estimating the relationships among variables

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Definitions:

Check

A written, dated, and signed instrument that contains an unconditional order directing a bank to pay a definite sum of money to a payee.

Writing A Check

The act of completing a check form to make a payment from a checking account to a person or entity.

Must Be Written

Indicates that specific information or instructions need to be documented in writing, typically for legal, safety, or record-keeping reasons.

Numeric

Relating to or expressed as numbers, often used in data collection and analysis.