Question 1 3 pts is a discipline that uses quantitative approaches and mathematical modeling to help a manager make a decision. One sub-discipline of this field is data optimization; the use of data to prescribe the best course of action Management science Descriptive analytics Statistics Linear programming O Management information systems Question 2 3 pts Linear programming (LP) is a popular tool for data analysts in the business world because of its two major components: an objective function and a set of constraints. This structure allows for practitioners in every organizational system to strive to achieve goals under limited resources. Which of the following is NOT an application of LP? A dato scientist wants to determine the general sentiment towards a particular product (objective) by analyzing text from a series of tweets (constraints) A manager of a production line wants to minimize the total production and inventory cost (objective) while meeting the sales demands for its products (constraints), A financial analyst wants to maximize the return on investment (objective) with a limited budget for stocks and bonds (constraints) A marketing manager wants to maximize the customer life time value (objective) with a limited advertising budget (constraints) A logistics manager wants to minimize the total transportation costs for products and raw materials (objective) while meeting customer demands for such products (constraints), 20 Ingredience 15 File Region 10 Ingredient B Constraint Ingredient A Constraint 10 15 20 25 X Ingredient C constraint has a nonzero value for surplus. The is a maximization problem, Ingredient constraint is binding. Ingredient B constraint is nonbinding. The equation for the ingredient C constraint could be X s 3