Decision Science Axis

Learn how to use the graphical method to solve real-world business problems involving resource constraints and profit maximization. Have you ever faced a situation where your resources are limited and you have to decide how much of each product to make  to maximize profit? That's exactly the problem faced by WorldLight Company — a manufacturer of light fixtures. In this tutorial, we’ll walk you through how to use Linear Programming (LP)  and the graphical method  to solve thi

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A step-by-step guide to sampling methods: random, stratified, systematic, and cluster sampling explained with Python implementation....