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Merits
a.It is simple to understand and easy to calculate.
b.It is very useful in the case of data which are of qualitative nature like intelligence honesty beauty efficiency etc.
c.No other methods can be used when ranks are given except this.
d.When the actual data are given this method can also applied.
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
What are the features of blending model
Question 1) What are the advantages of retailing. Write a brief note on retailing in India Question 2) Define franchising. What are the advantages and challenges of franch
Problem 1 (Problem 23, page 507) At a machine tool plant, five jobs must be completed each day. The time it takes to do each job depends on the machine used to do the job. If a mac
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Calculation of Standard Deviation - Continuous Series: In the continuous series the methods of calculation standard deviation is almost the same as in a discrete frequency distrib
Explain why it may be advantageous to build models to help in solving a decision problem.
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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