Question: Answer this question with respect to Test 4 Output posted in Canvas. Which of the following statements is true? The problem is a minimization problem


Answer this question with respect to Test 4 Output posted in Canvas. Which of the following statements is true? The problem is a minimization problem with an optimal value of 160000 The optimal solution value for this problem is .17 and it's a minimization problem. The value of variable X1 in the optimal solution is 50 The problem maximizes 1+22 This is output from a MINIMIZATION problem. I want to remind you that when Excel reports dual variables (shadow prices), the shadow price = (Objective value AFTER right hand side change of +1 ) (Objective value BEFORE RHS change). Excel does not care if the problem is a maximization or a minimization when reporting dual variables (unlike some other solvers). Objective=Minimize(11)+(22) Microsoft Excel 14.0 Sensitivity Report Worksheet: [TEST2-OUTPUT1-SUMMER14.xlsx]OUTPUT2 Report Created: 7/21/2014 6:46:48 PM Microsoft Excel 14.0 Sensitivity Report Worksheet: [TEST2-OUTPUT1-SUMMER14.xlsx]OUTPUT2 Report Created: 7/21/2014 6:46:48 PM $K$8 is the constraint 2X1+X2
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