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a. Explain the method of "Taylor's Scientific Management". List the elements of Taylor's Scientific Management.
b. List the necessary managerial functions of a Manager. Explain.
c. Describe the following Quantitative forecasting techniques
(i) Time-series methods
(ii) Causal or explanatory models
Explain why it may be advantageous to build models to help in solving a decision problem.
eqation
Inherent forces fomenting conflicts of interest Several forces have coalesced to increase the incidence of conflicts of interest in the medical industry: the vertical integrat
Operations research is used by manager in making business decisions. What are five each of its merit and demerit that the users need to be aware of?
1 strategic implication of product and process decisions 2 process planning and design 3 work measurement
Application of the chi Square Test The chi square distribution has a number of applications are given below: a.Chi Square test of goodness of fit. b.Chi square te
Chi Square Test ( X 2 ) Chi Square Test Defined the chi square test is one simplest and most commonly used non parametric tests in statistical work. The Greek letter X 2
Regression line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual
Test Statistic The next step is compute an appropriate test statistic which is based on an appropriate probability distribution. It is used to test whether the null hypo
methodology of operation research
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