A group of 10 people is choosing a chairperson and vice-chair person. They put all 10 people's names into a hat. The first name drawn becomes chair. The second name drawn becomes vice-chair. How many possible combinations of chair and vice chair are there? 1. 19 2. 90 3. 100 4. 10! (Factorial)

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Optimization Models

Optimization models are mathematical models that help organizations determine the best way to allocate scarce resources to achieve specific objectives. These models can be used to solve a wide variety of problems, from finding the most efficient route for a delivery truck to determining the optimal mix of products to stock in a store.