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Merits
a.It is simple to understand and easy to calculate.
b.It is very useful in the case of data which are of qualitative nature like intelligence honesty beauty efficiency etc.
c.No other methods can be used when ranks are given except this.
d.When the actual data are given this method can also applied.
Determining Degrees of Freedom One of the prerequisites for using chi square test is that we should calculate the number of degrees of freedom for the contingency table. T
1. Determination to enter a new territories. 2. To decide to enter a new market or not. 3. To determine how much production capacity to be builds up. 4. Helpful in
Characteristics a. Discrete Distribution: Like binomial distribution it is also a discrete probability i e, occurrences can be described by a random variable. b.
explaination
solve the LPP using simple method, maximize z= 3x1+2x2 subject to constraints
meaning,significance of operations research in bussiness management?
methods for solving operation research models
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
Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
A company manufactures 2 kinds of hats. Each hat of the I type needs twice as much as labour time as the II type. The company can manufacture a sum of 500 hats a day. The market re
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