Statistics – VI
| 1 | Testing of Hypothesis & Large Sample Test A hypothesis test evaluates two mutually exclusive statements about a population to determine which statement is best supported by the sample data. For example, It help us to make decision about population based on sample. To make comparison of multiple population. To compare Average CGPA of Gujarat university and Saurashtra University. |
| 2 | Decision Theory Framework of logical and mathematical concepts, aimed at helping managers in formulating rules that may lead to a most advantageous course of action under the given circumstances |
| 3 | Game Theory Game theory is the process of modeling the strategic interaction between two or more players in a situation containing set rules and outcomes |
| 4 | Matrix Algebra A matrix is a rectangular array of numbers or other mathematical objects for which operations such as addition and multiplication are defined. Perform common matrix operations (addition, subtraction, multiplication, etc.). |