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Making Decision
Lastly a decision should be arrived as to whether the null hypothesis is to be accepted or rejected. In this regard the value of the test statistic computed to test the hypothesis plays a very important role. If the computed value of the test statistic is less than the critical value the computed value of the test statistic falls in the acceptance region and null hypothesis is accepted. If the computed value of the test statistic is greater than the critical value the computed value of the test statistic fall in the rejection region and null hypothesis is rejected. Usually 5% level of significance α = 0.05 is used in testing a hypothesis and taking a decision unless otherwise any other level of significance is specifically stated.
a. Explain the method of "Taylor's Scientific Management". List the elements of Taylor's Scientific Management. b. List the necessary managerial functions of a Manager. Explain.
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 In a We
Anthology or Book with Articles or Works by Many Authors The name of the person compiling the book will be given followed by the word editor. For more than one edit
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 in
Test Statistic The next step is compute an appropriate test statistic which is based on an appropriate probability distribution. It is used to test whether the null hypo
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management wants to know how many supervisors should be hired, and what could be the optimum workload distribution to be applied, given a number of constraints
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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
a paper mill prodecs 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 in
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