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Statistics - Data Models Topic

10) Clearly define the decision variables, the objective function and each constraint. From the Solver Solution, include the value of objective function and each of the decision variables.

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Solution. Let x, y z and w denote the money spent on advertising, the money for in-store display, the money invested in on-hand wallpaper inventory and percentage makeup, respectively. Then we can get the demand function as follows.

D(x,y,z,w)=20x+6.8y+12z-65000w
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10) Clearly define the decision variables, the objective function and each constraint. From the Solver Solution, include the value of objective function and each of the decision variables.

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