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MB0040 (Set 1&2) Only Links

This document contains an assignment for a Statistics for Management course. It includes 10 questions related to statistics concepts like correlation, variance, forecasting, time series analysis, measures of central tendency, averages, and probability. Students are asked to define terms, calculate statistics, explain differences between types of averages and forecasts, and analyze sample data to answer the questions. References are provided for additional background reading on each topic.

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Anurag Gupta
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70 views4 pages

MB0040 (Set 1&2) Only Links

This document contains an assignment for a Statistics for Management course. It includes 10 questions related to statistics concepts like correlation, variance, forecasting, time series analysis, measures of central tendency, averages, and probability. Students are asked to define terms, calculate statistics, explain differences between types of averages and forecasts, and analyze sample data to answer the questions. References are provided for additional background reading on each topic.

Uploaded by

Anurag Gupta
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MBA SEMESTER 1 MB0040 Statistics For Management- 4 Credits (Book ID: B1129) Assignment Set- 1 (60 Marks) Note:

: Each question carries 10 Marks. Answer all the questions

(a) Statistics is the backbone of decision-making. Comment. [ 5 marks] (b) Give plural meaning of the word Statistics?
http://www.scribd.com/doc/66060902/63864512-MB0040 Refer: Q1

[ 5 marks]

a. In a bivariate data on x and y, variance of x = 49, variance of y = 9 and covariance (x,y) = -17.5. Find coefficient of correlation between x and y. [ 5 marks] b. Enumerate the factors which should be kept in mind for proper planning. [ 5 marks]

The percentage sugar content of Tobacco in two samples was represented in table 11.11. Test whether their population variances are same. [ 10 marks] Table 1. Percentage sugar content of Tobacco in two samples Sample A Sample B 2.4 2.7 2.7 3.0 2.6 2.1 2.8 3.1 2.5 2.2 3.6 [ 5 marks]

a. Explain the characteristics of business forecasting.

b. Differentiate between prediction, projection and forecasting. [ 5 marks]

http://ecommerce.hostip.info/pages/457/Forecasting-Business.html http://en.wikipedia.org/wiki/Prediction, http://en.wikipedia.org/wiki/Projection, http://en.wikipedia.org/wiki/Forecasting

What are the components of time series? Bring out the significance of moving average in analysing a time series and point out its limitations.[ 10 marks]
http://wwwjas-style.blogspot.com/2008/12/components-of-time-series.html

List down various measures of central tendency and explain the difference between them? [ 5 marks] b. What is a confidence interval, and why it is useful? What is a confidence level? [ 5 marks]
http://statistics.laerd.com/statistical-guides/measures-central-tendency-mean-modemedian.php http://en.wikipedia.org/wiki/Confidence_interval

MBA SEMESTER 1 MB0040 STATISTICS FOR MANAGEMENT- 4 Credits (Book ID: B1129) Assignment Set- 2 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions (a) What are the characteristics of a good measure of central tendency? [ 5 marks] (b) What are the uses of averages? [ 5 marks]

http://www.transtutors.com/homework-help/Statistics/Central+Tendency/good-averagecharacterstics.aspx http://www.publishyourarticles.org/knowledge-hub/statistics/uses-of-various-averages.html

Calculate the 3 yearly and 5 yearly averages of the data in table below. [ 10 marks] Table 1: Production data from 1988 to 1997 Year 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 18 16 22 19 24 20 28 22 30 Production 15 (in Lakh ton)

(a) What is meant by secular trend? Discuss any two methods of isolating trend values in a time series. [ 5 Marks] (b)What is seasonal variation of a time series? Describe the various methods you know to evaluate it and examine their relative merits. [ 5 marks]
http://moneyterms.co.uk/secular/ http://en.wikipedia.org/wiki/Time_series

The probability that a contractor will get an electrical job is 0.8, he will get a plumbing job is 0.6 and he will get both 0.48. What is the probability that he get at least one? Is the probabilities of getting electrical and plumbing job are independent? [ 10 marks]

(a) Discuss the errors that arise in statistical survey. (b) What is quota sampling and when do we use it?
http://en.wikipedia.org/wiki/Quota_sampling

[ 5 marks] [ 5 marks]

(a) Why do we use a chi-square test? (b) Why do we use analysis of variance?

[ 5 marks] [ 5 marks]

http://en.wikipedia.org/wiki/Chi-squared_test http://en.wikipedia.org/wiki/Analysis_of_variance

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