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ABC Bank faces a decision to hire two clerks or lease two automatic teller machines. Service rates of clerk 1 and clerk 2 are 41 customers per hour and 36 customers per hour respec
Seven Step to a Successful Presentation There are seven basic step which need to kept in mind at the time of making a presentation. How successful one is at eh end
In research methodology we not only discuss the research methods but also consider the logic behind the method we use in the context of our research study and explain wh
Method of calculation of Mode Calculation of Mode Individual series: For determining mode count the number of times the various values repeat themselves and the va
Objectives of Measuring Dispersion a. To judge the Reliability of Measures of Central Tendency: Measure of dispersion is the only means to test the representative charac
#questionA 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 grad
Provide a description of the macroeconomic environment in which the business operates noting: a) The overall 'stability' of the political system/government of the country in whi
Goal Programming This provides a more realistic model. In a modern setting, profit maximization may not be the only objective of a business concern. Other objectives or goals c
Example 2 Max Z = 3x 1 - x 2 Subject to 2x 1 + x 2 ≥ 2 x 1 + 3x 2 ≤ 3 x 2 ≤ 4 & x 1 ≥ 0, x 2 ≥ 0 A
Ranganathan's Principles: Perhaps it would be worthwhile to consider the Five Laws of Library Science of Dr. S. R. Ranganathan as the basic guidelines for formulating the obje
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