The simplex method is an algebraic solution procedure for a linear programming problem.

Name: The simplex method is an algebraic solution procedure for a linear programming problem.
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The simplex method is a widely used algorithm in mathematics and economics for solving optimization problems. It is specifically designed to solve linear programming problems by iteratively improving a feasible solution until an optimal solution is found. Therefore, the statement is true.

The Simplex Method Is an Algebraic Solution Procedure for a Linear