Which of the Following Statements Is Not Correct? Linear Programming

question 29

Multiple Choice

Which of the following statements is not correct? Linear programming is a technique designed to recognise specifically that:

• A) the choice of the optimal mix involves a cost-benefit trade-off.
• B) firms will focus on the products with the highest contribution margin.
• C) there may be more than one production constraint.
• D) products compete with each other for limited resources.

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Definitions:

Z-test

A statistical test used to determine whether two population means are different when the variances are known and the sample size is large.

µ = 15

Represents the mean of a population is equal to 15.

Z-statistic

A measure used in statistics to quantify the deviation of a data point or a group of data points from the mean, expressed in terms of standard deviations.

Two-tailed Test

A statistical test that allows for the exploration of relationships in both directions, enabling the detection of significant differences regardless of the direction.