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CORRELATION
Correlation is the study of the liner relationship between two variable when there is a relationship of quantitative measures between two set of variable the appropriate statistical tool for measuring the relationship and expressing each in a precise way is known as correlation. For example there is a relationship between the heights and weights of persons demand and prices of commodities etc.
According to W.I. King Correlation means that between two series or groups of data there exists some relationship connections.
According to croxton and Cowden" The appropriate statistical tool for discovering and measuring the relationship of quantitative nature and expressing it in brief formula is known as correlation.
The coefficient of correlation measures the degree of relationship between two set of figures. As the reliability of estimates depend upon the closeness of the relationship it is imperative that utmost care be taken while interpreting the value of coefficient of correlation otherwise fallacious conclusion can be draw.
These models are applied to the management ( planning controlling and scheduling ) of large scale projects. PERT/ CPM techniques help in identifying potential trouble spots in
applications
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Solve by simplex method Maximize Z = 5x 1 + 3x 2 Subject to 3x 1 + 5x 2 ≤ 15 5x 1 + 2x 2 ≤ 10 & x 1 ≥ 0, x 2 ≥ 0 [Ans. Max Z = 235/19
This assignment requires you to carry out the first part of a research project on the topic of "Cross cultural communication in the workplace". You can take any approach to this to
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
Information on Research Done Information on Doctoral research work already done is available from the followings sources: a. Bibliography of Doctoral Dissertations Acce
operation research scope
Cost The cost factor is a very important factor in determining the size of the sample. The budget for research should be properly decided. The management may not lik
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