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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.
scope of operation research
Maximize p = (3)x + 2y subject to 2x + y 3x + 4y >= 12
These models are used when one must decide the optimal time to replace equipment for one reason or the other for instance, in the case of equipment whose efficiency dete
Advantages of Mode a.It is easy to understand as well as easy to calculate. In can be found out by inspection. b.It is usually an exacta value as it occurs most fre
the following table gives place under different states of nature Strategies States of nature s1 s2 s3 A 10000 3000 2000 B
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Disadvantages of Mode a.It is ill defined. b.It is indefinite and it is some cases impossible to find a definite value. c.It is not based on all observation. So i
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