​Explain Why the Zj Value for a Slack Variable Is

question 21

Short Answer

​Explain why the zj value for a slack variable is the dual price.

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Definitions:

Expected Rate

Typically refers to a forecasted or anticipated rate of return on an investment or growth rate over a specific period.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values.

Zero Standard Deviation

A statistical measure indicating that all values in a dataset are identical.

Utility Function

An analytic depiction of the way individuals order assortments of items based on their contentment or value received.