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Test Statistic
The next step is compute an appropriate test statistic which is based on an appropriate probability distribution. It is used to test whether the null hypothesis set up should be accepted or rejected. For this purpose we use Z distribution under normal curve for large sample where the sample size is equal to or larger than 30 (n ≥ 30) and the distribution for small sample where the sample size n less than 30 ( n< 30).
Goal Programming This provides a more realistic model. In a modern setting, profit maximization may not be the only objective of a business concern. Other objectives or goals c
how to use the hungarian method
Methods of calculation of standard deviation a. Calculation of Standard Deviation - Individual Series: There are two methods of calculating standard deviation in an ind
High Costs are Involved in the Use of O. R Techniques: O. R techniques usually prove very expensive. Services of specialized persons are invariably called for ( and along w
I''m getting a negative value in the one of the Supply/Stock columns while solving a problem in Vogel''s approximation method. Is it possible or am I doing anything wrong?
Tied Ranks Equal or Repeated Rank When two or more items have equal values it is difficult to give ranks to them. In that case the items are given the average of the
A paper mill products two grade of paper viz., X & Y. Because of raw material restriction, it cannot produce more than 400 tons of grade X paper & 300 tons of grade Y paper in a we
A PAPER MILL PRODUCES TWO GRADES OF PAPER VIZ., X AND Y. BECAUSE OF RAW MATERIAL RESTRICTIONS, IT CANNOT PRODUCE MORE THAN 400 TONS OF GRADE X PAPER AND 300 TONS OF GRADE Y PAPER I
Regression Line The line of regression is the line which give the best estimate to the values of one variable for any specific values of other variable. For t
if the year or age is given from 0 how to solve then?
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