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These models are used for analyzing a system which changes over a period of time among various possible outcomes or states. The models while dealing with such systems describe tra
Uses of Standard Deviation Normal 0 false false false EN-IN X-NONE X-NONE
Importance of models
These models are used when one must decide the optimal time to replace equipment for one reason or the other for instance, in the case of equipment whose efficiency dete
Explain Decision Making Process. Decision Making Process: A good decision can only be prepared as a result of a rational decision making process. The different stages of the
Type of Measures of Dispersion a. Absolute Measure: The measure of dispersion which is expressed in terms of the units of the observations( e, g, Rupees , metre ,
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application&techniques
Panel Sampling Here the initial samples are down on random basis and information from these is collected on regular basis. Itis semi permanent sample where members may
Question A - Linear Programming is most widely used technique for large number of applications in business industry as well as in various other fields. Describe in brief the steps
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