C.M. 12 operations research
UNIT I:
Quantitative techniques—introduction—meaning and definition - classification of QT, QT and other disciplines—application of QT in business— limitations
UNIT II:
Set theory—Probability –concept of probability—meaning and definition - approaches to probability—Theorems of probability—addition theorem— multiplication theorem—conditional probability—inverse probability - Baye’s theorem.
UNIT III:
Theoretical distribution—binomial distribution—basic assumptions and
characteristics—fitting of binomial distribution—Poisson distribution— characteristics— fitting of Poisson distribution—Normal distribution - features and properties—standard normal curve.
UNIT IV:
Statistical inference—testing of hypothesis—procedure—error in testing— two tail test and one tail test—non parametric tests—Chi-Square test, Wilkoxen test. Parametric tests—Z test—test of significance of large samples—test for two sample means— small sample mean tests—Student t test—Analysis of variance—F test—one way ANOVA and two way ANOVA tests.
UNIT V:
Correlation and regression analysis—meaning and definition of correlation—Karl Pearson’s coefficient of correlation—rank correlation— Regression—types—determination of simple linear regression —Coefficient of determination.