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In a business, statistics is used to study the demand and market characteristics of the product or service being sold. In fact, market research
CONCEPT AND NEED FOR INFORMATION: We shall look at the meaning, of information as also the meaning of other related words such as data, facts, intelligence, advice, knowledge
#questioA 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
Maximize p = (3)x + 2y subject to 2x + y 3x + 4y >= 12
Important of Probability The various practical applications of the theory of probability are: a.The fundamental laws of statistic viz the law of statistical regular
O.R REPLACES MANAGEMENT BY PERSONALITY
Uses of Mode The use of the mode is recommended in the following situations: a.When a quick and approximate measures of central tendency desired. b.When the measure
Scope of operation research?
Some areas of applications are Purchasing, Procurement and Exploration Quantities and timing of purchase Replacement policies Rules for buying, supplies Finance, Budgeting and Inv
write the scope of operation research
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