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Important of Probability The various practical applications of the theory of probability are: a.The fundamental laws of statistic viz the law of statistical regular
Application of the chi Square Test The chi square distribution has a number of applications are given below: a.Chi Square test of goodness of fit. b.Chi square te
retail outlet x y volume A 6 9 80
Meaning of Linear programming problem and explanation of graphical method of solving Linear Programming Problem
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
Data and Information: The term "data" (plural form of datum) refers to "an individual fact, statistic, or a piece of information or a group or a body of facts, statistics or t
Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
Usefulness of Correlation 1.Correlation is very useful to economists to study the relationship between variables like price and quantity demanded. To businessmen it
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