What Combination of X and Y Will Yield the Optimum

question 88

Multiple Choice

What combination of x and y will yield the optimum for this problem? Minimize $3x + $15y, subject to (1) 2x + 4y < 12 and (2) 5x + 2y < 10 and (3) x, y ≥ 0.

• A) x = 2, y = 0
• B) x = 0, y = 3
• C) x = 0, y = 0
• D) x = 1, y = 5
• E) x = 0, y = 4

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Definitions:

Market Timing

An investment strategy attempting to predict future market movements to buy low and sell high, often considered highly speculative.

Security Analysis

Determining correct value of a security in the marketplace.

Forecast Quality

The measure of how accurate and reliable forecasted data is when compared to actual outcomes.

Regression Analysis

A statistical method used for estimating the relationships among variables, often used to predict the value of a dependent variable based on one or more independent variables.