Consider the Following Linear Programming Problem

question 20

Short Answer

Consider the following linear programming problem:
MIN Z =    10x1 + 20x2
Subject to:    x1 + x2 ? 12
    2x1 + 5x2 ? 40
    x2 ? 13
    x1, x2 ? 0
What is minimum cost and the value of x1 and x2 at the optimal solution?

---

Definitions:

Expected Values

The long-term average or mean value of a random variable over numerous trials or occurrences.

Null Hypothesis

A default hypothesis that indicates no effect or no difference, and against which the alternative hypothesis is tested.

Proportions

The ratio of part to whole, expressed as a fraction or percentage, describing the relative size of parts within a population or a whole.

Nominal Variables

Categorical variables that represent different categories or types which do not have a natural order or ranking among them.