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Cost
The cost factor is a very important factor in determining the size of the sample. The budget for research should be properly decided. The management may not like to exceed the sample size because of cost constraint and may remain satisfied with a lower level of confidence. For example if the cost of sampling per unit is Rs. 20 including cost of field work, training and supervision coding editing tabulation and writing the report the management may select only 400 units if the budget or research is merely Rs. 8000. If the cost of research is more than Rs. Or consider the original study approach. On the other hand if the management considers retaining the research study it may reduce the confidence level from 99 percent and thus reduce the sample size.
#q.2 Q.2 Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no a
Operation reac Involves the use of mathematical models, equations and similar other mathematical expressions. Assumptions are always incorporated in the derivation of an equa
Edwards Life Sciences is trying to decide if it should sell a new type of medical product. Fixed costs associated to the production of the product are estimated to be $30,000. Th
#question:explain the theory of dominance in the solution of rectangular games?
main components of linear programming
Other Determinants of Sample Size 1. The variability of elements within the population has become a very important factor to decide the sample size. The more v
Important to Theoretical Distribution The science of theoretical distribution under which the frequencies of a variable are derived by some mathematical model without
Government Documents: Government publications are the official documents brought out at government expense. They are the records of activities of the (1) Executive, (2) Legis
need of detailed information about the topic
Significance of operation research
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