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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)
Problem based on graphical solution of a given LPP when feasible region is bounded. 1. Solve the following linear programming graphically; Maximize and minimize z = 60x+
sir plz suggest me any book for this...or notes.....
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What is The proper meaning of action phase will u help me to lern it in deeply????
Meaning of Linear programming problem and explanation of graphical method of solving Linear Programming Problem
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With practical example
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operation research scope
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