Excel's Solver tool has been used in the spreadsheet below to solve a linear programming problem with a maximization objective function and all ≤ constraints.
a.Give the original linear programming problem.
b.Give the complete optimal solution.
Definitions:
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how much the values deviate from the mean of the set.
Mean Purchase
The average value or amount of purchases made over a specific period of time.
Probability
The likelihood or chance of an event occurring.
Sample Size
The number of observations or data points that are selected from a population for the purposes of statistical analysis.
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