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Uncertainly : There is a great uncertainly about economic and general environment. With economic growth uncertainty is also growing's. this makes each decisions costlier and time consuming. Or is thus quite essential from reliability point of view.
Knowledge Explosion : Knowledge is increasing at a very fast rate. Majority of the industries are not up to date with the latest knowledge and are therefore at a disadvantage. Or teams collect the latest information for analysis purposes which quite useful for the industries.
Decision making is not only the headache of management rather all of us make decisions. We daily decide about minor issues. The essential characteristics of all decisions
fair game
Requirements and Characteristics of a good table In the words of Mr. Harry Jerome a good statistical table is a triumph of ingenuity and technique masterpiece of economy o
You are a manager at a medium sized manufacturing operation that sells a customized product directly to the consumers and the data pattern is linear but it can have the occasion ra
I''m getting a negative value in the one of the Supply/Stock columns while solving a problem in Vogel''s approximation method. Is it possible or am I doing anything wrong?
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
Advantages of Mean Deviation a.It is based on all the observation . any change in any item would change the value of mean deviation. b.Mean deviation is less aff
Paired sample sign Test Paired samples sign test is applied to a situation where two sample are taken from two population which have continuous symmetrical distributi
A factory employs unskilled workers earning $135 per week and skilled workers earning $270 per week. It is required to keep the weekly age bill below $24,300. The machine requires
The scientific methods is based on certain article of path these are: 1. Reliance on Evidence: Truth is established on the basis of evidence. Conclusion is admitted onl
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