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Meaning and Definition
If a group of N observations is arranged in ascending or descending order of magnitude then the middle value is called median of these observations and is denoted by M or Me. That is M= N+1/2 th observation.
According to Prof. L. R. Conner The median is that value of the variable which divides the group into two equal parts one part comprising of all values greater and the other all values less than the median.
According to Yule and Kendall " The median may be defined as the middle most or central values of the variable when the values are arranged in order of magnitude or as the value is such that the greater and smaller values occur with equal frequency.
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
I''m getting a negative value in the one of the Supply/Stock columns while solving a problem in Vogel''s approximation method. Is it possible or am I doing anything wrong?
Categories of Information in Social Sciences: It would be useful, particularly in social sciences, to group information into three categories: • Statistical Information
Construct a two-variable LP model that: · Maximizes Z; · All coefficients in the objective function are greater than 500; · Includes at least 5 constraints;
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