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The following questions correspond to the problem below and associated Risk Solver Platform (RSP) sensitivity report.
Robert Hope received a welcome surprise in this management science class; the instructor has decided to let each person define the percentage contribution to their grade for each of the graded instruments used in the class. These instruments were: homework, an individual project, a mid-term exam, and a final exam. Robert's grades on these instruments were 75, 94, 85, and 92, respectively. However, the instructor complicated Robert's task somewhat by adding the following stipulations:
The following LP model allows Robert to maximize his numerical grade.
-Refer to Exhibit 4.2. Based on the Risk Solver Platform (RSP) sensitivity report information, is there anything Robert can request of his instructor to improve his final grade?
Quasi-Contract
Not an actual contract but a legal construct imposed by courts to prevent unjust enrichment where no formal contract exists.
Unjustly Enriched
A legal term describing a situation where one party benefits at another's expense without a valid basis for the gain.
Statute of Limitations
Laws that set the maximum time after an event within which legal proceedings may be initiated.
Unenforceable
A term applied to a contract or clause that, for legal reasons, cannot be enforced by a court.
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