Figure 1:

Figure 1 Demonstrates an Excel

question 28

Multiple Choice

Figure 1:

Figure 1 demonstrates an Excel spreadsheet that is used to model the following linear programming problem:
$$\begin{array} { l l } \operatorname { Max } : & 4 \mathrm { X } _ { 1 } + 3 \mathrm { X } _ { 2 } \\\text { Subject to: } & \\& 3 \mathrm { X } _ { 1 } + 5 \mathrm { X } _ { 2 } \leq 40 \\& 12 \mathrm { X } _ { 1 } + 10 \mathrm { X } _ { 2 } \leq 120 \\& \mathrm { X } _ { 1 } \geq 15 \\& \mathrm { X } _ { 1 } , \mathrm { X } _ { 2 } \geq 0\end{array}$$
Note: Cells B3 and C3 are the designated cells for the optimal values of X₁ and X₂,respectively,while cell E4 is the designated cell for the objective function value.Cells D8:D10 designate the left-hand side of the constraints.
-Refer to Figure 1.Which cell(s) are the Changing Cells as designated by "Solver"?

• A)E4
• B)B2:C2
• C)B3:C3
• D)D8:D10
• E)B5:C5

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Definitions:

Mailbox Rule

The mailbox rule is a legal principle that an offer is considered accepted once the acceptance is properly placed in the mail, even if it is lost or delayed.

Effective Upon Dispatch

Effective upon dispatch refers to the principle that certain actions, such as the sending of a notification or document, are considered effective from the moment they are sent, not when they are received.

Reasonable Expectation

refers to what an average person might foresee or predict as a likely outcome under certain circumstances, often used as a standard in legal and ethical considerations.

Revocation

The official cancellation or withdrawal of an offer, license, right, or privilege.