Question: Question 1: For Problem 6 at the end of Chapter 8 in the textbook, select whether each of the following is a (are) parameter(s), decision(s),
Question 1:
For Problem 6 at the end of Chapter 8 in the textbook, select whether each of the following is a (are) parameter(s), decision(s), constraint(s), or the objective.
Advertising Budget: [ Select ] ["objective", "constraint", "parameter", "decision"]
Amount to Spend on Advertising in Each Market: [ Select ] ["constraint", "objective", "decisions", "parameters"]
A negative amount cannot be spent on advertising in any market: [ Select ] ["constraints", "objective", "parameters", "decisions"]
Sales Response Equation Parameters (i.e., the a's and b's in the sales response equations): [ Select ] ["parameters", "decisions", "constraints", "objective"]
Total Sales Revenue: [ Select ] ["constraint", "decision", "parameter", "objective"]
The total amount spent on advertising cannot exceed the advertising budget: [ Select ] ["objective", "parameter", "decision", "constraint"]
Question 2:
For Problem 7 at the end of Chapter 8 in the textbook, select whether each of the following is a (are) parameter(s), decision(s), constraint(s), or the objective.
The Amounts to Spend on Advertising in Each City: [ Select ] ["constraints", "parameters", "decisions", "objective"]
The amounts spent on advertising in each city cannot be negative: [ Select ] ["decisions", "parameters", "objective", "constraints"]
City Response Parameters: [ Select ] ["decisions", "constraints", "objective", "parameters"]
City Populations: [ Select ] ["decisions", "constraints", "parameters", "objective"]
City Average Donation per Donor: [ Select ] ["parameters", "constraints", "objective", "decisions"]
Total Amount Allocated to Advertising: [ Select ] ["decision", "constraint", "objective", "parameter"]
The total amount spent on advertising between the two cities cannot exceed the advertising budget: [ Select ] ["parameter", "objective", "decision", "constraint"]
Total Donations: [ Select ] ["constraint", "decision", "objective", "parameter"]
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