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Hypothesis Testing of Population Mean
The central limit theorem assures that the sampling distribution of the mean approaches normal distribution with mean µ population mean and standard deviation α with the increase in the sample size. Using the fact we can do hypothesis testing of population mean with a hypothesis value using the sample information.
Ask queA manufacturing firm has discontinued production of a certain unprofitable product line. This created considerable excess production capacity. Management is considering to d
Problems based on solution of a given LPP when it has multiple optimal solution: 1. Find the maximum and minimum values of 5x+2y, subject to the constraints -2x-3y ≤ -6
Type of Measures of Dispersion a. Absolute Measure: The measure of dispersion which is expressed in terms of the units of the observations( e, g, Rupees , metre ,
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 i
Categories of Information in Social Sciences: It would be useful, particularly in social sciences, to group information into three categories: • Statistical Information
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Simple Line Graphs a. Simple Histogram A simple histogram is a techniques used plotting a time series on the graph paper. The data are arranged according to the time
is model the essence of oprational research.
b. 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 pape
Advantages of Standard deviation a.Standard deviation is based on all the observations and is rigidly defined. b.It is amenable to algebraic treatment and possesses
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