A Company Wants to Select No More Than 2 Projects $\le$

question 31

Multiple Choice

A company wants to select no more than 2 projects from a set of 4 possible projects. Which of the following constraints ensures that no more than 2 will be selected?

• A)X₁ + X₂ + X₃ + X₄ = 2
• B)X₁ + X₂ + X₃ + X₄ \(\le\) 2
• C)X₁ + X₂ + X₃ + X₄ \(\ge\) 2
• D)X₁ + X₂ + X₃ + X₄ \(\ge\) 0

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Definitions:

Expected Wealth

The anticipated amount of money or assets that an individual or entity forecasts to accumulate over a period.

Insurance Policy

A contract between an insurer and a policyholder wherein the insurer promises to pay for specific potential future losses in exchange for a periodic payment.

Expected Loss

The anticipated amount of loss a business may suffer due to risks or future uncertainties.

Probability

A numerical expression between 0 and 1 that indicates how likely an event is to occur.