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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
The Central Limit Theorem The theories was introduced by De Moivre and according to it; if we choose a large number of simple random samples, says from any population and find
Estimation of difference among population proportions Assume the two proportions be described by P1 and P2, respectively,Then the difference absolute between the two proportion
A parcel of land, value $250,000 is sold to an investor who signs a contract agreeing to pay a deposit of $25,000 followed by equal quarterly payments for as long as necessary, wit
Polar to Cartesian Conversion Formulas x = r cos Θ y = r sin Θ Converting from Cartesian is more or less easy. Let's first notice the subsequent. x 2 + y 2 = (r co
x2+y2 r=12
advantages and disadvantages of index numbers
a hollow cone is cut by a plane parallel to the base and the upper portion is removed. if the volume of the frustum obtained is 26/27 of volume of the cone. find at what height abo
Let m be a positive integer with m>1. Find out whether or not the subsequent relation is an equivalent relation. R = {(a,b)|a ≡ b (mod m)} Ans: Relation R is illust
A national study found that treating people appropriately for high blood pressure decreased their overall mortality rate by 20%. Treating people adequately for hypertension has bee
solve for x: logx9
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