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Analysis of Available Information and Verification of Hypothesis:
most of the time that a scientist spends in training is devoted to learning how to analyze and interpret information. Qualitative as well as quantitative methods may be used for this purpose.
Prediction and Generalization of Results and Consideration of Alternative Methods: Once a model has been verified a theory is developed from the model to obtain a complete description of the problem. This is done by studying the effects of changes in the parameters of the model. The theory so developed may use to extrapolate into the future .
Lastly the analyst determines the alternative methods of solving the problem and recommends a new research based on revised hypothesis.
Steps of Research Process The steps of research process have already been discussed in theory. Here we shall outline the procedure of conducting the research. i) Formulate t
a paper mill prodecs 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
REPORT WRITING The final step in research is to report the study findings to those who authorized the investigation. The American marketing association is of the opinion t
In a business, statistics is used to study the demand and market characteristics of the product or service being sold. In fact, market research
Ask question A Company produces 150 cars. But the production rate varies with the distribution. Production Rate Probability 147 0.05 148 0.10 149 0.15 150 0.20 151 0.30 152 0.15 15
Explain why it may be advantageous to build models to help in solving a decision problem.
#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
main components of linear programming
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
Discus and explain both probability and none probability sampling techniques
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