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Number of Fish Tanks
The following data give the number of fish tanks owned for a population of 4 families.
-{Number of Fish Tanks Narrative} A sample of size 2 is drawn at random from the population.Use the formulas and
to calculate the mean and the standard deviation of the sampling distribution of the sample means.
Linear Optimization Model
A mathematical technique used to find the best outcome, such as maximum profit or lowest cost, in a model whose requirements are represented by linear relationships.
Outcomes
The possible results or consequences of a specific situation, experiment, or decision.
Reduced Cost
In linear programming, the amount by which the objective function coefficient of a variable must decrease before that variable's value increases in the optimal solution.
Bounded Variable
A variable that has upper and lower limits.
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