
To fill: The blank in the statement “To

Answer to Problem 4SGR
The complete statement is “To optimize means to seek the best price or profit using linear programming”.
Explanation of Solution
Given information:
The statement “To
Consider the provided statement “To
When it’s the discussion on profit or best price, everyone wants to maximize the profit.
Suppose a shopkeeper sells pen, pencils and notebook. He had different combination of sales in 6 months. Now, he wants to maximize his profit. So, he will design an objective function and put some inequalities as constraint and solve out how much each of pen, pencils and notebook must be sold in order to maximize the profit.
With help of linear programming one can maximum or minimize the function. The technique used is optimize. Optimize the functions means to either maximize or minimize it.
Thus, the complete statement is “To optimize means to seek the best price or profit using linear programming”.
Chapter 3 Solutions
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