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Introduction to Probability Distribution By theoretical distribution we mean a frequency distribution which is obtained in relation to a random variable by some mathem
Explain Decision Making Process. Decision Making Process: A good decision can only be prepared as a result of a rational decision making process. The different stages of the
NARROWING THE RESEARCH PROBLEM You have read how from a general topic we have arrived at the definition of the problem to be studied. Now we have to narrow it down furthe
Select five Operations Research techniques and describe in detail the real world application of such techniques in business decision making.
what are the classifications of operations research?
A company manufactures 2 kinds of hats. Each hat of the I type needs twice as much as labour time as the II type. The company can manufacture a sum of 500 hats a day. The market re
In a business, statistics is used to study the demand and market characteristics of the product or service being sold. In fact, market research
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
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
retail outlet x y volume A 6 9 80
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