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Multiple Objectives
The sample may vary according to the objective of the research. There may several objectives of marketing research so the sample size may vary as per distinctive objectives. Apart from these objectives statistical variable are also taken into consideration viz, confidence level desired standard deviation and so on. These may also affect the samples size.
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.
Meaning of Linear programming problem and explanation of graphical method of solving Linear Programming Problem
significance of operation research in modern management
Cost The cost factor is a very important factor in determining the size of the sample. The budget for research should be properly decided. The management may not lik
A paper mill prouduces two grads of paper viz., X and Y. Becouse of raw material restriction, it cannot product more then 400 tons of grade X paper and 300 tons of grade Y paper in
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
STANDARA DEVIATION Standard deviation is the square root of the arithmetic average of squares of all the deviations from the mean. In short it may be defined as th
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
This is a procedure of determining the potential if any for improving each of the non basic variables in terms of the objective function. To determine this potential each of
Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2
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