MMPC-005 Quantitative Analysis for Managerial Applications Solved Question Paper June 2024

MMPC-005 Quantitative Analysis for Managerial Applications Solved Question Paper June 2024

Quantitative Analysis for Managerial Applications
Course Code: MMPC-005

Section–A
1. “Primary data may either be collected through
the observation method or through the
questionnaire method.” Explain, in view of
statement, any one method in brief.
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2. Seven methods of imparting business education
were marked by the MBA students of two
universities as follows :
Method of Teaching I II III IV V VI VII
Rank by Students of
University A 2 1 5 3 4 7 6
Rank of Students of
University B 1 3 2 4 7 5 6
3. The distribution of the total time a light bulb
will burn from the moment it is first put into
service is known to be exponential with mean
time between failure of the bulbs equal to
1000 hours. What is the probability that a bulb
will burn more than 1000 hours ?
(The value of e
–1 = 0·368).
4. Explain why forecasting is so important in
business. Identify the applications of
forecasting for medium and short-term
decisions.
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P. T. O.
5. Explain the concept of sampling distribution.
Also, state why do we need to study sampling
distributions.
6. Write short notes on any three of the following :
(a) Mathematical properties of Median
(b) Pascal Distribution
(c) Hypothesis Testing Procedure
(d) Linear Regression
(e) Stratified Sampling
Section–B
7. Five coins are tossed 3200 times and the
following results are observed :
No. of Head Frequency

Test the hypothesis that the coins are biased.
You can make use of the following data in
drawing your conclusion :
D.F.
(degree of freedom)
χ
2 value at 5% level of
significance
8. Explain the term probability theory. What
are the different approaches to probability
theory ?