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The Hurwiz method
Hurwiz method was the concept of coefficient of optimism or pessimism introduced by L. Hurwicz. The decision maker takes into account both the minimum and maximum pay off for every alternative and assigns them weights according to his degree of optimism or pessimism. The alternative that maximizes the sum of these weighted payoffs is then chosen
What are the properties of Normal distribution? The normal curve is symmetrical when p=q or p≈q The normal curve is a single peaked curve The normal curve is asymptotic t
Definition : A function f ( x ) is called differentiable at x = a if f ′ ( x ) exists & f ( x ) is called differentiable onto an interval if the derivative present for each of the
If there are (2n+1)terms in an AP ,prove that the ratio of the sum of odd terms and the sum of even terms is (n+1):n Ans: Let a, d be the I term & Cd of the AP. ∴ ak =
Example of subtraction: Example: Subtract 78 from 136. Solution: 2 136 -78 ------ 58 While subtracting the units column, 6 - 8, a 10 that is b
Five more than the quotient of a number and 2 is at least that number. What is the greatest value of the number? Let x = the number. Notice that quotient is a key word for div
how do i write a conjecture about the sum of two negative integers.
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compare: 643,251; 633,512; and 633,893. the answer is 633,512. what is the question?
If 65% of the populations have black eyes, 25% have brown eyes and the remaining have blue eyes. What is the probability that a person selected at random has (i) Blue eyes (ii) Bro
a man in rested rupee 800 is buying rupee 5 shares and then are selling at premium of rupee 1.15. He sells all the shares.find profit
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