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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
How do I set this problem up for Excel: A National Credit Union has $250,000 available to invest in a 12 month commitment. The money can be placed in Treasury notes yielding an 8%
The systematic methodology developed for an operation research study with problems involving conflicting multiple objective policies and alternatives. Operation research in
marginal rate of substitution, degeneracy and degenerate solution
Operations research is used by manager in making business decisions. What are five each of its merit and demerit that the users need to be aware of?
Area under Standard Normal Curve The graph of the standard normal curve y = p(z) with different percentages areas is shown here. Since p(z) is a probability distributi
This is determined by disposable personal income( personal income minus direct taxes and other deductions ). Some people suggest the use of discretionary income in place of
Operation Research may be regarded as a tool which is utilized to increase the effectiveness of the management decisions. O R is objective supplement to the subjective feeling
Problems based on solution of a given LPP when it has multiple optimal solution: 1. Find the maximum and minimum values of 5x+2y, subject to the constraints -2x-3y ≤ -6
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