AIOU SOLVED ASSIGNMENT 2 CODE 1429 BUSINESS MATHEMATICS.
Difference between Matrix and Matrices.
Matrices: Metric is a measurement. We can classify software quality metrics as Product Quality metrics and process quality metrics. Product Quality Metrics describe the characteristics (i.e Size, Complexity, Performance Quality level of the product).
Matrix: Matrix is a data representation and data collection mechanism. Then we use collected data to derive metrics. For your reference. The matrix is the singular and matrices is the plural. A matrix, simply, is like number arranged in a certain way whereas Matrices are useful for many things like solving stimulus equations for example with 3 variables.
Difference Between Cost and Revenue Functions.
Cost Function:- The costs represent cash outflows for an organization. Most organization seeks ways to minimize these outflows. This section presents applications which deal with the minimization of some measure of cost. For example A common problem in organizations is determining how much of a needed item should be kept on hand. For retailers, the problem may relate to how many units of each product should be kept in stock. For producers, the problem may involve how much of each raw material should be kept available.
Revenue Functions:- the following applications focus on revenue maximization. Recall that the money which flows into an organization from either selling products or providing services is referred to as revenue. The most fundamental way of computing total revenue from selling a production (or service) is total = (price per unit) (quantity sold). This problem is identified with an area called inventory control, or inventory management. Concerning the question of problem is identified with an area called inventory control, or inventory management.
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