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Module Four: Statistical Inference
Estimation (point estimators and confidence intervals): Estimating population parameters and margins of error Properties of point estimators, including unbiasedness and variability Logic of confidence intervals, meaning of confidence level and confidence intervals, and properti..
Module Three: Anticipating Patterns
Probability: Interpreting probability, including long-run relative frequency interpretation 'Law of Large Numbers' concept Addition rule, multiplication rule, conditional probability, and independence Discrete random variables and their probability distributions, including bin..
Solving LPP Graphical Method
Graphical Method of Solution of a Linear Programming Problem - So far we have learnt how to construct a mathematical model for a linear programming problem. If we can find the values of the decision variables x 1 , x 2 , x 3 , ..... x n , which can optimise (maximize or minimize) the obje..
Conclusion
The graphical method of solving an LPP is possible only if there are two decision variables (say x and y). This method is not suitable if there are three or more decision variables. In this case, there is a powerful method called 'simplex method'. The wide usage ..
Graphical Method of Solution of a Linear Programming Problem
So far we have learnt how to construct a mathematical model for a linear programming problem. If we can find the values of the decision variables x 1 , x 2 , x 3 , ..... x n , which can optimise (maximize or minimize) the objective function Z, then we say that these values of x i are the ..
Different Types (Methods) of Linear Programming
Some of the methods of linear programming are: The Graphical Method The Analytical Method The Simplex Method In the graphical method, the constraints are actually drawn as straight lines and the optimal solution is found. This method is explained in detail later. The graphical method is not applica..
Linear Programming Problems (LPP)
The standard form of the linear programming problem is used to develop the procedure for solving a general programming problem. A general LPP is of the form Max (or min) Z = c 1 x 1 + c 2 x 2 + +c n x n x 1 , x 2 , ....x n are called decision variable. subject to the constraints..
Variable
Variable - Quantities such as height, weight, age, amount can have several different values. Quantities which can assume different numerical values are called variables. Variables are of two types: (a) Continuous (b) Discre..
Variable
Quantities such as height, weight, age, amount can have several different values. Quantities which can assume different numerical values are called variables. Variables are of two types: (a) Continuous (b) Discret..
Continuous Variables
A continuous variable can assume all values within a certain range, e.g., height, weight and age of persons are examples of continuous variables..
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