Any Change to the Objective Function Coefficient of a Variable

question 38

True/False

Any change to the objective function coefficient of a variable that is positive in the optimal solution will change the optimal solution.

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Definitions:

Interval Estimate

An estimation that specifies a range within which a parameter lies, providing an interval believed to encompass the true value of that parameter.

Sample Mean

The average of all the values in a sample set of data.

Confidence Interval

A span of values, taken from sample statistics, seen as likely to encase the value of an unidentified population parameter.

Confidence Level

The probability, expressed as a percentage, that a parameter lies within a specified range of values (confidence interval).