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These models are used for analyzing a system which changes over a period of time among various possible outcomes or states. The models while dealing with such systems describe transitions in terms of transition probabilities of various states. These models have been used to test brand loyalty and brand switching tendencies of consumers where each system state is considered to be a particular brand purchase. The have also been used in reliability analysis where the states of the system are the various levels of performance of the equipment being monitored.
Uncertainly : There is a great uncertainly about economic and general environment. With economic growth uncertainty is also growing's. this makes each decisions costlier
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Problems based on solution of a given LPP when it has multiple optimal solution: 1. Find the maximum and minimum values of 5x+2y, subject to the constraints -2x-3y ≤ -6
full detailor theory on graphical method
Simple Random Sampling This is simplest and most popular technique of sampling. In it each unit of the population has equal chance of being included in the samp
Formulation of convert to primal method to dual in lpp
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
Ask questioA farmer intends to drill a well for his herd. In the past, only 80% of the wells drilled in this area were successful at 12 metres of depth. On finding no water at 12 m
Rephrasing the Research Problem Finally as a researcher you should rephrase the research problem. Once you have followed all the four steps above, i.e., 1) You have clear
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