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Advantages of Mode
a.It is easy to understand as well as easy to calculate. In can be found out by inspection.
b.It is usually an exacta value as it occurs most frequently in the series.
c.It is not affected b extreme values as in the average.
d.It is simple and precise.
e.It is the most representative average.
f. The value of mode can be determined by the graphic methods.
g. Its values can be determined in an open end class interval without ascertaining the class limits.
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
disadvantages of model in operational research
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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
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In a rectangular game, pay-off matrix of player A is as follows: i) Solve the game. ii) Write down the pay-off matrix of B and then, solve the game.
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