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Sampling Decision
Sampling may be defined as the selection some part of an aggregate or totality on the basis of which a judgment or inference about the aggregate or totality is made.
In other words it is the process of obtaining information about an entire population by examining only a part of it. In most of research work and surveys the usual approach happens to be to make generalizations or to draw inferences based on samples about the parameters of population from which the samples are taken.
Advantages of Mode a.It is easy to understand as well as easy to calculate. In can be found out by inspection. b.It is usually an exacta value as it occurs most fre
Cost- sampling decisons σ x¯ =S/√n Where is the standard error of he mean is the standard devaluation of the population and n is t
Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
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
O.R REPLACES MANAGEMENT BY PERSONALITY
how to solve it
Each day you own 0 or 1 stocks of certain commodity. The price of the stock is a stochastic process that can be modeled as a Markov chain with transition rates as follows
Teesside Construction is developing a schedule for a major building project to start in 04/01/2011 in Middlesbrough, UK. The project manager has identified major activities of the
six operators are to be assigned to the 5 jobs with the cost of assignments
identify a new technological innovation not yet commercialized (e.g., house cleaning robotic). What are the product''s features? In your paper, explain how that technological innov
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