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1) Provide a description of the required factors of production, grouping them according to whether the factors of production are
a) Fixed and hence unlikely to vary much according to the quantity of goods sold (e.g. overheads); or
b) Variable and hence likely to increase with increased production
Use the above information to comment on the likely overall cost structure of your business .
For example: Are fixed costs large or small relative to variable costs? Does this mean that the firm's 'optimal' size is likely to be small, medium or large?
STANDARA DEVIATION Standard deviation is the square root of the arithmetic average of squares of all the deviations from the mean. In short it may be defined as th
the application areas of linear programming
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 assignment
Assumption of F- Test The theoretical assumption on which F test is based are: 1.The populations for each sample must be normally distributed with identical mean
Methods of calculation of standard deviation a. Calculation of Standard Deviation - Individual Series: There are two methods of calculating standard deviation in an ind
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
. 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
meaning of operational research?
Maximize p = (3)x + 2y subject to 2x + y 3x + 4y >= 12
Discus and explain both probability and none probability sampling techniques
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