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Explain why it may be advantageous to build models to help in solving a decision problem.
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
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
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
BINOMIAL DISTRIUBITON This distribution (also known as Bernoulli distribution ) is useful in such an experiment where there are only two outcomes success or failure g
Sources of Hypothesis Hypothesis may be developed from various sources. Some of the important sources are the followings: 1. A Hypothesis Arises from Intuition
Components Included in the Proposal Personnel In case the proposal is addressed to the funding agencies, the qualifications of the key project personnel for study should be
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
Cases are generally based on certain issues and problems. Diagnostic, analytical and decision making skills help in case solution. A case study or case based assessment is designed
Choose a publicly traded company (NYSE, AMX, or OTC) that interests you. If you don't know how to choose a company, think of IBM, DELL computer, Nike, Apple computer, GM, Ford, Nok
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