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Disadvantage of standard Deviation
It is not easy to understand and calculate.
It gives more weight to the extremes and less to the items nearer to mean. Since the squares of the deviation of bigger size would be proportionate greater than which are comparatively small. The deviation 2 and 6 are in the ration of 1:3 but their squares 4 and 36 would be in the ration of 1.9.
Important of Probability The various practical applications of the theory of probability are: a.The fundamental laws of statistic viz the law of statistical regular
POSSON DISTRIBUTION In binomial distribution the value of n was finite. But there are few problems when cannot be estimated. So in these binomial distribution
Construct a two-variable LP model that: · Maximizes Z; · All coefficients in the objective function are greater than 500; · Includes at least 5 constraints;
Question 1 What is intrinsic quality? Explain key dimensions of a quality product or service Question 2 Explain any five sources of standards Question 3 What is Critical
metholodolgy of operational research
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
SIMO Chart Flow Diagram The flow diagram is a drawing indicating the paths of men materials or components on a scale plan of the work area, department or factory.
Exercise Define the terms used in LPP. Mention the advantages of LPP. What are the assumptions and limitations of LPP? A firm produces three pro
Dual formulation is done for a number of reasons. The solution to a Dual problem provides all essential information about the solution to the Primal problem. A so
Solve the 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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