Question: Solve Problem 9 using the Chebyshev method proposed in Problem 11, set 8.1a. Problem 9 The Maleo Company has compiled the following table from the
Problem 9
The Maleo Company has compiled the following table from the files of five of its employees to study the impact on income of three factors: age, education (expressed in number of college years completed), and experience (expressed in number of years in the business).
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Use the goal programming formulation in Problem 10, Set 8.la, to fit the data into the linear equation y = b0 + b1X1 + b2X2 + b3X3.
Age (y 30 39 48 37 Education (yr) Experience (yr Annual income (S) 10 14 18 40,000 48,000 38,000 36,000 41,000
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b 0 b 1 X 1 b 2 X 2 b 3 X 3 Minimize z d Subject to ... View full answer
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