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Test Statistic
The next step is compute an appropriate test statistic which is based on an appropriate probability distribution. It is used to test whether the null hypothesis set up should be accepted or rejected. For this purpose we use Z distribution under normal curve for large sample where the sample size is equal to or larger than 30 (n ≥ 30) and the distribution for small sample where the sample size n less than 30 ( n< 30).
Some areas of applications are Purchasing, Procurement and Exploration Quantities and timing of purchase Replacement policies Rules for buying, supplies Finance, Budgeting and Inv
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formulate the linear programming model of the table above
significance of operation research in modern management
Minimization Example A farmer is advised to utilize at least 900 kg of mineral A and 1200 kg of mineral B to increase the productivity of crops in his fields.
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#questionthe following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0 ..
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