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The Hurwiz method Hurwiz method was the concept of coefficient of optimism or pessimism introduced by L. Hurwicz. The decision maker takes into account both the minimum and max
Define regression. The main reason of curve fitting is to estimate one of the variables (the dependent variable) from the other (the independent variable). The procedure of est
Mike sells on the average 15 newspapers per week (Monday – Friday). Find the probability that 2.1 In a given week he will sell all the newspapers [7] 2.2 In a given day he will
ABC is a right triangle right-angled at C and AC=√3 BC. Prove that ∠ABC=60 o . Ans: Tan B = AC/BC Tan B = √3 BC/BC Tan B =√3 ⇒ Tan B = Tan 60 ⇒ B = 60
Q. Describe Standard Normal Distribution? Ans. The Standard Normal Distribution has a mean of 0 and a standard deviation of 1. The letter Z is often used to refer to a sta
Jessica has a picture in a frame with a total area of 288 in2. The dimension of the picture without the frame is 12 in through 14 in. What is the larger dimension, in inches, of th
Eduardo is merging two 6-inch pieces of wood with a piece in which measures 4 inches. How many total inches of wood does he have? This problem translates to the expression 6 ×
The alternative hypothesis When formulating a null hypothesis we also consider the fact that the belief may be found to be untrue thus we will refuse it. Therefore we formula
There are 6 contestants for the post of chairman secretary and treasurer. These positions can be filled by any of the 6. Find the possible no. of ways whether the 3 positions may b
Julie had $500. She spent 20% of it on clothes and then 25% of the remaining money on CDs. How much money did Julie spend? Find out 20% of $500 by multiplying $500 by the decim
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