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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.
Government Documents: Government publications are the official documents brought out at government expense. They are the records of activities of the (1) Executive, (2) Legis
O.R REPLACES MANAGEMENT BY PERSONALITY
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
scope of operation research in management
#questioA 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
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
maximum 3x1+x2+x3-x4 subject to x1+5x2+3x3+4x4 x1+x2=-1 x3+x4
Horton and hunt have given followings nine characteristics of scientific method: 1. Verifiable evidence i e, factual observations which other observers can see and check
High Costs are Involved in the Use of O. R Techniques: O. R techniques usually prove very expensive. Services of specialized persons are invariably called for ( and along w
Area under Standard Normal Curve The graph of the standard normal curve y = p(z) with different percentages areas is shown here. Since p(z) is a probability distributi
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