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Small Sample
The central limit theorem does not work well with small samples even if the population in non Gaussian. So we cannot rely on the central limit theorem in small sample so the P value may be inaccurate.
advantages of northwest corner method
QUESTION 1 i) What do you understand by the following terms? And what is their role in communication theories? Ontology Epistemology Axiology ii) Discuss how
minimization
A paper mill produces two grades of paper viz., X & Y. Because of raw material restrictions, it cannot produce more 400 tons of grade X paper & 300 tons of grade Y paper in a week.
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
Research and Development: All intellectual activities consciously pursued and systematically completed generate useful information. Research (also Research and Development) is
Advantages of Standard deviation a.Standard deviation is based on all the observations and is rigidly defined. b.It is amenable to algebraic treatment and possesses
What is the role of decision making in OR
The Best Corporation is considering making either minor or major repairs to a malfunctioning production process. When the process is malfunctioning, the percentage of defective it
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