Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Cost- sampling decisons
σ x¯ =S/√n
Where is the standard error of he mean is the standard devaluation of the population and n is the sample size. Here the standard error of the mean is expressed in terms of money i, e. ± Rs. 10. If the standard deviation is 100 the factor for 95 percent confidence is 1.96 of standard deviation. Thus the actual size of the sample would be
10/ 1.96 = 100/√n
√n = 196/10
N = 384
The total cost of the budget been reduced from Rs.8000 to Rs. 7680= ( 384x 20)
Another alternative may be to increase the allowable error from a lower level to higher level provided it does not affect the attitude of the respondents. For example if the error is increased to 15, the sample size will be
σ x¯ =s/√n
1.5/1.96= 100√n
√n= 196/ 15
N= 169
Thus the total budget will be reduced from Rs. 8000 to Rs. 3380= ( 196x 20)
How do we determine EOQ?
Do it Everything about the presentation is ready and so are you. The only things left if to face the audience in a confident and positive manner and leave a mark on
Graphic Methods a. Scatter Diagram: Scatter diagram is a special type of dot chart. Under this methods the given data are plotted in a graph paper in the form of d
The systematic methodology developed for an operation research study with problems involving conflicting multiple objective policies and alternatives. Operation research in
scope of operation research in insutry and defence
what is meant by Application Areas of Linear Programming?
500 word summary written in third person on predictions of how current healthcare reform polocies will impact the future of healthcare
A factory employs unskilled workers earning $135 per week and skilled workers earning $270 per week. It is required to keep the weekly age bill below $24,300. The machine requires
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
QUESTION 1 Change strategies and OD intervention techniques follow from diagnosis. An inappropriate intervention due to a faulty diagnosis may be very costly to an organization
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd