​Explain Why Goal Programming Could Be a Good Approach to Use

question 30

Short Answer

​Explain why goal programming could be a good approach to use after a linear programming problem is found to be
infeasible.

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Definitions:

Population Variance

A measure of the spread of a population’s data points, indicating the average of the squared differences from the mean.

Chi-square Distribution

A statistical distribution used in hypothesis testing that is applicable when testing hypotheses about categorical variables.

Population Variance

A measure of the spread or distribution of a set of data values within an entire population.

Confidence Interval

A selection of values, extracted from sample analyses, believed to encompass the value of an unseen population parameter.