Final answer:
Parameters are called data cells, decision variables are called changing cells and the objective function is usually placed in a separate cell when formulating a linear programming problem on a spreadsheet.
Step-by-step explanation:
When formulating a linear programming problem on a spreadsheet, the following statements are true:
- Parameters, which represent the known values, are called data cells.
- Decision variables are the unknowns and are represented by changing cells.
- The objective function defines the goal of the problem and is usually placed in a separate cell.
For example, in a production problem, the production quantities of different products can be decision variables, and the profit or cost objective can be the objective function.