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Usefulness of Correlation 1.Correlation is very useful to economists to study the relationship between variables like price and quantity demanded. To businessmen it
The following linear programming is written to plan the production of two products. And the company wants to maximize profits. x1 = number of product 1 produced in each batch
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
definatins and example
A company is planning its advertising strategy for the next year for its three major products.
line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residualon..
The scientific methods is based on certain article of path these are: 1. Reliance on Evidence: Truth is established on the basis of evidence. Conclusion is admitted onl
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
ABC Company manufactures both interior and exterior paints from 2 raw materials M1 and M2. The following table gives basic data of problem. Exterior
Software House named as Harvester, got to increase the speed of service and I need to get 3000 words written
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