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In a BIP problem, 1 corresponds to a yes decision and 0 to a no decision. If there are 4 projects under consideration (A, B, C, and D ) and at most 2 can be chosen then the following constraint needs to be added to the formulation:
Degrees of Freedom
The count of distinct variables or measurements that can change in an investigation without breaking any limitations.
One-way ANOVA
One-way Analysis of Variance (ANOVA) is a statistical method used to test the equality of three or more means across different groups based on a single independent variable.
Population Means
The average value of a variable in a population, representing the central point around which the individual values of the variable cluster.
Degrees of Freedom
The number of unique values or quantities that can be applied to a statistical distribution.
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