CITE YOUR SOURCE IN ORDER TO RECEIVE FULL CREDIT. Give one example of a practica
ID: 3199013 • Letter: C
Question
CITE YOUR SOURCE IN ORDER TO RECEIVE FULL CREDIT.
Give one example of a practical application of systems of equations or simultaneous equations.
How did Wassily Leontief's work use matrices?
How are linear systems used in resource allocation?
How did Carl Gauss use systems of equations or simultaneous equations in his work?
How Wilhelm Jordan use systems of equations or simultaneous equations in his work?
CITE YOUR SOURCE IN ORDER TO RECEIVE FULL CREDIT.
Give one example of a practical application of systems of equations or simultaneous equations.
How did Wassily Leontief's work use matrices?
How are linear systems used in resource allocation?
How did Carl Gauss use systems of equations or simultaneous equations in his work?
How Wilhelm Jordan use systems of equations or simultaneous equations in his work?
Explanation / Answer
1- 0ne of the best example for system of equation in practical life is,if you are in job and trying to determine if you will make morte money at one job or another taking multiple factor into account such as salary,benefits etc
2-wassily leontifs work use matrix-output analysis was developed on the premise that different sectors of production in an economy are interconnected via production relations. One of the fundamental concepts in input output analysis is the distinction between direct and indirect input requirements,This distinction led to the leonti, which gives the total inputs required to produce a given level of final use as the sum of direct requirements and an infinite series of indirect requirements. A sector can be more labor intensive indirect than another in terms of the direct coefficient, but less so in terms of the total coefficient.
3-linear system is used in resouce allocation because It is indicated that a retail store is directly related to the volume of sales generated and sales volume in turn is determined by patronization rate, income of shopper and the drawing power of anchor tenants, The Poisson gravity model was initially used to forecast the patronization rates for different malls, Using these forecasts as the objectives the decision maker wants to achieve