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Types of Correlation
1.Positive Correlation : When the values of two variables move in the same direction .e. when an increase in the values of one variables is associates with an increase in the values the value of other variable and a decrease in the values of one variable is associated with the decrease in the values of the other variable correlation is to be positive. For example heights and weights income and expenditure of a groups of individuals prices and supply of commodities.
2.Negative Correlation: The values of two variables move in opposite directions, so that with an increase in the values of one variable the value of the other variable decrease and with a decrease in the values of one variable the values of the other variable increase, correlation is said to be negative. For example when prices increase demand goes down. Thus there is a negative correlation between these two variables i, e, demand and supply.
Uncertainly : There is a great uncertainly about economic and general environment. With economic growth uncertainty is also growing's. this makes each decisions costlier
Small Sample The central limit theorem does not work well with small samples even if the population in non Gaussian. So we cannot rely on the central limit theorem
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 a We
Research Abstracts Abstracts of researches completed are available from the followings publications: a. ICSSR Research Abstracts: contain abstracts of research projects
Types of Correlation 1. Positive Correlation : When the values of two variables move in the same direction .e. when an increase in the values of one variables is ass
b. 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 pape
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North West Corner Rule for Initial Solution: Now by applying North West corner rule we can initial solution. According to this rule without regard to cost consideration the
General Rules a. Attractive Shapes The tables should be neat and attractive. The size of table should be neither too big nor small. b. Simplicity A table should b
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