MMPC-005 QUANTITATIVE ANALYSIS FOR MANAGERIAL APPLICATIONS Solved Question Paper December 2023

MMPC-005 QUANTITATIVE ANALYSIS FOR MANAGERIAL APPLICATIONS Solved Question Paper December 2023

QUANTITATIVE ANALYSIS FOR MANAGERIAL APPLICATIONS
Course Code: MMPC-005

1. What do you understand by sampling ? What
are the various reasons that make sampling so
attractive in drawing conclusions about the
population ?
[ 2 ] MMPC–005
2. Calculate the median from the following data :
Age No. of Persons
55—60 7
50—55 13
45—50 15
40—45 20
35—40 30
30—35 33
25—30 28
20—25 14
3. Past experience says that average life of a bulb
(assumed to be continuous random variable
following exponential distribution) is 110 hours,
calculate the probability that the bulb will work
for atmost 25 hours. (Given that

e
–0.23 =
0.7945.)
4. Explain the various criteria that are helpful in
taking decisions, when the probability of
occurrence of outcomes are not known.
[ 3 ] MMPC–005
P. T. O.
5. The following observations constitute a random
sample from an unknown population :
14, 19, 17, 20, 25
Estimate the mean and standard deviation of
the population.
6. Seven methods of imparting business education
were ranked by the MBA students of two
universities as follows :
Methods of
Teaching
Rank by
Students of
University A
Rank by
Students of
University B
I 2 1
II 1 3
III 5 2
IV 3 4
V 4 7
VI 7 5
VII 6 6
Calculate rank correlation coefficient.
[ 4 ] MMPC–005
7. Write short notes on any three of the
following :
(a) Histogram
(b) Pascal Distribution
(c) Central Limit Theorem
(d) Variety of regression models
(e) Box-Jenkins model for time series