The Solution of a Linear Programming Problem Using Microsoft Excel

question 1

Multiple Choice

The solution of a linear programming problem using Microsoft Excel typically involves the following three stages:

• A) formulating the problem,invoking Solver,and sensitivity analysis
• B) formulating the problem,graphing the problem,and sensitivity analysis
• C) the changing cells,the target cells,and the constraints
• D) the inputs,the changing cells,and the outputs

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Definitions:

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often referred to as the "I-knew-it-all-along" phenomenon.

Self-fulfilling Prophesy

A prediction that directly or indirectly causes itself to become true, by the very terms of the prophecy itself, due to positive feedback between belief and behavior.

Rationalization

A defense mechanism where logical, acceptable explanations are given for behaviors that are actually driven by subconscious motives.

Thematic Apperception Test

A projective psychological test that asks respondents to tell stories about ambiguous pictures, aimed at uncovering their underlying thoughts, feelings, and attitudes.