Answer :
The given statement "to solve a linear programming problem in order to maximize profits for certain product, you can use excel's solver add-in" is TRUE because Excel's Solver add-in is a powerful tool that can be used to solve linear programming problems and optimize business decisions.
Linear programming is a mathematical technique used to determine the best possible outcome in a given set of constraints.
By defining the objective function and constraints in Excel, Solver can automatically determine the optimal solution.
This can be useful in many scenarios, such as determining the most profitable product mix for a business or the optimal use of resources.
Solver can handle complex problems with multiple decision variables and constraints, allowing users to make data-driven decisions that maximize profits and minimize costs.
Overall, Excel's Solver add-in is an effective tool for solving linear programming problems and making informed business decisions.
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