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A) Linear Programming is used in all types of organizations in order to solve a wide variety of problems. Understanding the types of problems, and how LP problems can be modeled in Excel, and how optimal solutions can be found using Excel’s Solver add-in, are powerful methods of quantitative analysis. Typically, most of our efforts go into the development of the model. Develop a model for the following scenario which maximizes company profit and display this graphically. Use SolverTable to monitor the decision variables and the total profit.
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Data Analytics and Statistics Assignment