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!
Level of Significance
In testing a given hypothesis the maximum probability with which we would be willing to take risk is called level of significance of the test. This probability often denoted by is generally specified before sample are draw.
The level of significance usually employed in testing of significance are 0.05 ( or 5%) and 0.01 ( or 1%). If for example a 0.05 or 5% level of significance is chosen in deriving a test of hypothesis then there are about 5 chances in 100 that we would reject the hypothesis when it should be accepted ( i .e.). we are about 95% confident that we made the right decision. In such a case we say that the hypothesis has been rejected at 5 % level of significance which means that we could be wrong with probability 0.05.
Note : Critical Region : A region in the sample space S which amounts to rejection of HO is termed as critical region or region of rejection.
disadvantages of modeling in operational research
Using Software for Analysis Grouping and Displaying Data to Convey Meaning Normal 0 false false false EN-IN X-NONE X-NONE
what is pert and cpm?
Simple Graph The values of the two variables are plotted on a graph paper. We get two curves one for x variables and another for y variables. These two curves reveal the dir
Case Study - Attitude Measurement National Kitchens For several years the management of national kitchens a diversified packaged foods manufacturer had been watch
Methods of Survey and Study: Some methods of collecting information about the organisation and about the information requirement of potential users are mentioned below. No si
#Principles of OR
what is operation research an management decision making
In large sized linear programming problems, the solution cannot be obtained by the graphical method and hence a more systematic method has to be developed to find
INFORMATION AND OTHER RELATED CONCEPTS - THEIR MEANING AND CHARACTERISTICS: You may often hear or read in newspapers and other popular magazines about "exponential growth of i
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd