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Uses of Standard Deviation
a.tandard deviation is used widely in statistics unless there is some definite reason for not using it.
b.It is used when one needs a measure of greater stability.
c.Standard deviation plays a great role in sampling theory correlation and regression theory etc.
d.Standard deviation is regarded as best and most powerful measure of dispersion as mean of central tendency.
Operation Research may be regarded as a tool which is utilized to increase the effectiveness of the management decisions. O R is objective supplement to the subjective feeling
significance and scope of operation resarch in morden management?
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
what are the models of operational research?
write the scope of operation research
marginal rate of substitution, degeneracy and degenerate solution
Uses of Range a.Range is suitable measure of dispersion when the data are too scattered to justify the computation of a more precise measure of dispersion. b.In rece
characteristics of operational research model
Individual User Interests: More specific information about users could cover the following: Subjects and associated interest - e.g. specific subjects, allied subjects;
- 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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