Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Level of Significance
In testing a given hypothesis the maximum probability with which we would be willing to take risk is called level of significance of the test. This probability often denoted by is generally specified before sample are draw.
The level of significance usually employed in testing of significance are 0.05 ( or 5%) and 0.01 ( or 1%). If for example a 0.05 or 5% level of significance is chosen in deriving a test of hypothesis then there are about 5 chances in 100 that we would reject the hypothesis when it should be accepted ( i .e.). we are about 95% confident that we made the right decision. In such a case we say that the hypothesis has been rejected at 5 % level of significance which means that we could be wrong with probability 0.05.
Note : Critical Region : A region in the sample space S which amounts to rejection of HO is termed as critical region or region of rejection.
Significance of operation research
A FIRM MANUFACTURES HAEDACHE PILLS IN TWO SIZE A AND B
explain operation research with example.and also discuss the scope of OR in modern management.
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
An integer programming problem is identical to a linear programming problem except that one or more decision variables are constrained to take integer values. Such problems cannot
simple Size When a survey is undertaken and it is not possible to cover the entire population, the marketing researcher has to answer a basic question - how large s
You are required to investigate and examine aspects of planning and organisational structure for a 'real-life' organisation. This assessment enables you to relate the theories and
The systematic methodology developed for an operation research study with problems involving conflicting multiple objective policies and alternatives. Operation research in
What are the basic 5 elements of modeling process
Uses of Range a.Range is suitable measure of dispersion when the data are too scattered to justify the computation of a more precise measure of dispersion. b.In rece
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd