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Importance and Application of probability: Importance of probability theory is in all those areas where event are not certain to take place as same as starting with games of
WHAT YOU MEAN BY UTILITY OF MANAGERIALECONOMICS
The decision maker ranks lotteries according to the utility function (i) State the independence assumption. Does this decision maker satisfy it? (ii) Is this decision ma
Large Sample Test for Proportion A random sample of size n (n > 30) has a sample proportion p of members possessing a certain attribute (success). To test the hypothesis that t
Analysis of variance allows us to test whether the differences among more than two sample means are significant or not. This technique overcomes the drawback of the method used in
Framing of Questionnaire: Questionnaire is a schedule of questions which is sent to the respondents for filling in by them in their own handwriting together the information rel
Identify the (time, censor) pair for each of the following analyses:
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