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PROBABILITY DISTRIBUTION
Ordinarily speaking the probability of an event denotes the likelihood of its happening. The value of probability ranges between 0 an 1. If an event is certain to happen it probability would be i and if it is p certain that the event would not take place then the probability of its happening is 0. Ordinarily in social science the probability of the happening of an event is rarely 1 or 0. The reason is that in social sciences we deal with situation where there is always as element of uncertainty about the happening or not happening of an event. For this reason the probability of the events is somewhere between 0 and 1.
The general rule of the happening of an event is that if an event can happen in ways and fail to happen in n ways them the probability of the happening of the vent is given by.
P = m / m+ n or
P= Number of cases favourable to the occurrence of the event / total number of mutually exclusive and exhaustive cases
Odds in favour of the occurrence of the event
= m/n= Number of cases favourable to the occurrence of the event/ the number of cases against the occurrence of the event
Odds against the occurrence of the event
m/n= The number of cases against the occurrence of the event/ the number of cases favourable to the occurrence of the even.
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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
Q3. Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 4 X
a. Explain the method of "Taylor's Scientific Management". List the elements of Taylor's Scientific Management. b. List the necessary managerial functions of a Manager. Explain.
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SOLVE THE FOLLOWING LP USING SIMPLE METHOD MAXIMIZE Z=3X1+2X2 SUBJECT TO CONSTRAINT X1+X2 X1-X2 X1,X2>=0
Demerits a.It cannot be used in the case of bi variate distribution. b.If the numbers of items are greater than say 30, the calculation becomes tedious and requ
This assessment aims to provide students with the opportunity to hone their analytical and decision- making skills. It also aims to help students develop their ability to think cre
MAX: 150 X1 + 250 X2 Subject to: 2 X1 + 5 X2 = 200 - resource 1 3 X1 + 7 X2 = 175 - resource 2 X1, X2 = 0 2. How many units of resource 1 are cons
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