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The Hurwiz method
Hurwiz method was the concept of coefficient of optimism or pessimism introduced by L. Hurwicz. The decision maker takes into account both the minimum and maximum pay off for every alternative and assigns them weights according to his degree of optimism or pessimism. The alternative that maximizes the sum of these weighted payoffs is then chosen
Q. What is set theory? Define universal set? Ans. The universe , or universal set , written as U , is the set that contains all elements being considered in a given dis
Q. Example of circle graphs? Ans. The United States Government pays obligations annually, called "outlays". Medicare contributes to the health and well being of aged an
How to find total no. of unordered pairs of disjoint subsets of a finite set? Solution) Suppose A and B are two such disjoint subsets of the set S. Then every element can go into
-x^3+6x-7
20! 18!
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Patrick gets paid three dollars less than four times what Kevin gets paid. If the number of dollars which Kevin gets paid is represented through x, what does Patrick get paid?
Now we have to discuss the basic operations for complex numbers. We'll begin with addition & subtraction. The simplest way to think of adding and/or subtracting complex numbers is
Q. Basic Set Union Operation? Ans. Suppose instead that your school needs to know which students are taking either art or business or both. Then the students who are ta
Finding the number of Permutations of 'n' dissimilar things taken 'r' at a time: After looking at the definition of permutations, we look at how to evolve a
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