If the "Standard LP/Quadratic Engine" Option Is Chosen in the Risk

question 22

Multiple Choice

If the "Standard LP/Quadratic Engine" option is chosen in the Risk Solver Platform (RSP) task pane, RSP

• A)will test for non-linearity in the model and apply GRG.
• B)will test for non-linearity in the model and apply Simplex.
• C)uses the B & B algorithm to solve the problem.
• D)will apply Simplex if the linearity test passes.

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Definitions:

Null Hypothesis

The hypothesis that there is no significant difference or effect, and any observed difference is due to sampling or experimental error.

Normally Distributed

Refers to a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Confidence Interval

A range of values derived from sample statistics that is likely to contain the value of an unknown population parameter.

Population Means

The average value of a particular characteristic within a total population.