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Introduction to Probability Distribution
By theoretical distribution we mean a frequency distribution which is obtained in relation to a random variable by some mathematical model. The types of such a distribution are:
a.Binomial distribution
b.Poisson distribution
c.Normal distribution etc.
Such distribution are otherwise called probability distribution or expected frequency distribution of a random variable. Which are built up on the basis of previous experience or some theoretical considerations.
Uncertainly : There is a great uncertainly about economic and general environment. With economic growth uncertainty is also growing's. this makes each decisions costlier
Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 4 X1+ X2 2 X1, X2 0on..
nature and types of problems
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
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
retail outlet x y volume A 6 9 80
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