The GRG and Simplex Algorithms Are Similar in That

question 17

Multiple Choice

The GRG and Simplex algorithms are similar in that

• A) each algorithm process continues until there is no further improvement in the objective function.
• B) both algorithms take their starting solution from the spreadsheet.
• C) both return the globally optimal solution.
• D) both algorithms return a solution that satisfies at least one constraint at equality.

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Definitions:

COUNTIF

A function in spreadsheet applications that counts the number of cells within a range that meet a specified condition.

AVERAGEIF

An Excel function that calculates the average of all numbers in a range that meet specified criteria.

Financial Functions

Specific mathematical formulas used in spreadsheets or financial software to perform calculations related to finance, such as interest rates, payments, and investment returns.

FV

Future Value, a finance function that calculates the future value of an investment based on a constant interest rate and fixed payments over time.