Solve the Following LP Problem Graphically Using Level Curves

question 46

Short Answer

Solve the following LP problem graphically using level curves.
$$\begin{array} { l l } \text { MAX: } & 5 X _ { 1 } + 6 X _ { 2 } \\\text { Subject to: } & 3 X _ { 1 } + 8 X _ { 2 } \leq 48 \\& 12 X _ { 1 } + 11 X _ { 2 } \leq 132 \\& 2 X _ { 1 } + 3 X _ { 2 } \leq 24 \\& X _ { 1 } , X _ { 2 } \geq 0\end{array}$$

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Definitions:

Test Statistic

A test statistic is a standardized value that is calculated from sample data during a hypothesis test. It's used to determine whether to reject the null hypothesis.

P-Value

The likelihood of obtaining results from a test that are at least as significant as those observed, on the premise that the null hypothesis is valid.

Null Hypothesis

A default hypothesis that there is no significant difference or effect, typically to be tested against an alternative hypothesis.

P-Value

The probability of observing test results at least as extreme as the results actually observed, assuming that the null hypothesis is true.