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Sample Survey Methods: If proposed investigation is done only on a part taken out of universe then it will be known as sample survey. This part of the universe is kno
models of inventory management
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Ask queA manufacturing firm has discontinued production of a certain unprofitable product line. This created considerable excess production capacity. Management is considering to d
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
Formulation of the Problem: Before proceeding to find the solution of a problem, first of all a manager should be competent enough to form an appropriate model. To do so f
Yates Correction for Continuity for 2x 2Tables If any cell frequency in 2x 2 table isles than 5thenfor the application of X 2 test it is pooled with the preceding or suc
Requirements and Characteristics of a good table In the words of Mr. Harry Jerome a good statistical table is a triumph of ingenuity and technique masterpiece of economy o
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