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Business Mathematics and Basic Statistics · Class 12 Commerce

Ch 17Linear Inequalities and Linear Programming — Class 12 Business Mathematics and Basic Statistics, concept-first.

Many business decisions are shaped not by an exact equation but by a limit — a budget that must not be exceeded, a production target that must be met, a machine that has only at most so many hours available in a week.

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Key concepts

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Graphing a Linear Inequality

A linear inequality in two variables, such as , is graphed in two steps: draw its boundary line using the line's two intercepts, then use a convenient test point (usually the origin) substituted into the original inequal…

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Chapter contents

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Linear Inequalities in Two Variables — the Boundary Line and the Region

Many business decisions are shaped not by an exact equation but by a limit — a budget that must not be exceeded, a production target that must be met, a machine that has only at most so many hours ava…

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Systems of Linear Inequalities and the Feasible Region

A real business problem is almost never governed by a single limit alone — a production plan is typically constrained by machine hours AND labour hours AND raw material, AND the plain fact that a quan…

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Formulating a Linear Programming Problem

A linear programming problem (LPP) is a problem of finding the maximum or minimum value of a linear function, subject to a collection of linear constraints in the same variables, together with the non…

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Solving an LPP by the Graphical (Corner-Point) Method

Once an LPP has been formulated and its feasible region graphed, the graphical method (also called the corner-point method) finds the optimal value of the objective function using a single remarkable…

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