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ABC Bank faces a decision to hire two clerks or lease two automatic teller machines. Service rates of clerk 1 and clerk 2 are 41 customers per hour and 36 customers per hour respec
Line Balancing Methods - Heuristic Approach Heuristic mean serving to find i.e. to find out discover things for oneself. Heuristic describes a particular approach to problem so
These models are applied to the management ( planning controlling and scheduling ) of large scale projects. PERT/ CPM techniques help in identifying potential trouble spots in
how does it work
Standard Deviation The standard deviation of samples (s) can be estimated by the pilot study past studies and the ranges of distribution. A pilot study may be conducted
Conclusions and Recommendations Conclusions should be drawn with direct reference to the objectives of the study. The readers should be able to read the objectives. T
Cost The cost factor is a very important factor in determining the size of the sample. The budget for research should be properly decided. The management may not lik
explaination
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Properties of Normal Distribution a.It is a continuous probability distribution having parameters m and . b.The normal curve is perfectly symmetrical about the mean (
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