The Objective Function for an Optimization Problem Is: Min 3x

question 41

Multiple Choice

The objective function for an optimization problem is: Min 3x - 2y, with constraints x ≥ 0, y ≥ 0. x and y must be integers. Suppose that the integer restriction on the variables is removed. If so, this would be a familiar two-variable linear program; however, it would also be an example of

• A)the convex hull of the linear program.
• B)a mixed-integer linear program.
• C)an LP relaxation of the integer linear program.
• D)a binary integer linear program.

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Definitions:

Standard Deviation

A statistical measure of the dispersion or variability of a set of data points, indicating how much the individual data points diverge from the mean value of the data set.

Portfolio Returns

The overall gains or losses generated by an investment portfolio over a specified period, often expressed as a percentage.

Portfolio Variances

Measures the dispersion of average returns of a portfolio from its mean, indicating the level of risk involved.

Expected Return

The estimated average return on an investment, accounting for the probabilities of each possible outcome.