Question: 4. What is the difference between a binding versus a non-binding constraint when solving optimization problems? (2 Points) Enter your answer 5. What type of

 4. What is the difference between a binding versus a non-binding

4. What is the difference between a binding versus a non-binding constraint when solving optimization problems? (2 Points) Enter your answer 5. What type of analysis should be conducted to understand changes to the input variables as they affect the optimal solution? (2 Points) Regression Analysis Nonlinear Optimization Sensitivity Analysis 6. Spreadsheet models are effective because they: (2 points, SELECT THE BEST ANSWER), ) Allow for easy instantaneous recalculation for a change in model inputs Provide easy-to-use, sophisticated mathematical and logical functions Are less expensive to develop are easier to build business analytics tool All of the Above

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