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Discuss the differences and similarities between statistical estimation and statistical hypothesis testing.
Decision Variables
Variables in a mathematical model that decision-makers control in order to achieve the best solution to an optimization problem.
Constraint Function
Mathematical equations that express the limitations or requirements that must be satisfied in an optimization problem.
Inequality
A condition that arises when wealth, opportunities, or rights are unevenly distributed among individuals or groups.
Net Optimal Profit
The highest possible profit after accounting for all costs and revenues.
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