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Practice Set (Measure of Central tendency and Measure of dispersion)

Monday, November 5, 2012

Introduction of Matrices
Introduction of Matrices; Quantitative Techniques; Quantitative Methods; Multiple Choice Questions (MCQ'S) based on Matrices; MBA; MDU DDE; MBA first semester;Tutorial for MBA first semester;
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Measure of Central Tendency(Mean, Median and Mode)

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Skewness-Lack of symmetry in frequency distribution

Friday, August 31, 2012

Measure of DispersionPart II

Previous Solved Paper, Quantitative Methods Feb. 2012. MBA Ist Sem. MDU, DDE
This paper is the collection of 70 MCQ of Quantitative Methods with free Answer Key, available on the last page of this paper. Examination Feb. 2012, MBA Ist Sem, MDU, DDE. The paper is available for free to all students of MBA, MDU, DDE, who are going to take the examination in Sept. 2012.

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If anyone wants to solution of each question in detail then visit for the link below for Complete solution of this paper. For complete solution of this paper

Solved Paper Quantitative Techniques/ Method: Feb. 2012

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Quantitative Techniques (7) Practice S and Solved Paper (5) Quality Gurus

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Thursday, June 28, 2012

Practice Set I , 100 Multiple choice Questions of Quantitative Techniques

Quantitative Techniques 100 MCQ's with answer key
This paper consists of 100 multiple choice questions of different units of quantitative techniques and helpful for the students of management to score good marks in their examination of quantitative techniques. Answer key is also provided with this paper to check oneself's ability of scoring the marks in the coming examination.

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Previous Solved Paper, Quantitative Methods Feb. 2012. MBA Ist Sem. MDU, DDE
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Table: Quantitative Techniques
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Tuesday, June 26, 2012

7 QC Tools Training Workshop

Central Tendency : Mean

Mean is a very important kind of central tendency. This tutorial give you the clear idea of mean and its properties. Example illustring the problem related to the mean of

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discrete and continuous series. For download this tutorial click on the top corner of this window of tutorial and press Ctrl+s and save as target. For more tutorials click here

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Friday, May 11, 2012

Quantitative Methods : Previous Solved Paper Feb. 2012, MBA, MDU DDE
Quantitative Methods : Previous Solved Paper Feb. 2012, with Answer Key

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Statistics of Love
Three boys saw an extremely beautiful girl . After seen the girl the boys were not able to stop themselves to propose the girl. So, the boys approached the girl and after came to her they said, Excuse us Miss, we would like to say something to you.

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The girl looked the boys very gently and replied, Please, gentlemen if you have any problem?.

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One of them said in a very soft and calm voice, Miss , we want to say that after having seen you , we have some sweet sweet feeling in our heart for you, we think all of us are in Love with you. Will u marry one of us?.

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Now the girl who belongs to statistical background said, ok, gentlemen it feels very nice to heard all these, but one thing I would like to say that can you prove it statistically? I would like to choose the best among you. Now the Lips of all three boys were sealed and they thought that how could it be possible to prove the love statistically. They got back to their position and continuously thinking about this through the whole day but never forget the face of the girl. In search of solution they went to a professor of statistics and told him about their problem.

The professor advised them, Ask the girl to allow you to see her continuously for ten days.

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Next day on the same place , They go to the girl and asked her the same thing. The girl replied to the boys , she has no problem on this but they will not try to misbehave with her at any cost The boys had given promise on this. Now the boys went to the professor and tell him that the girl allowed them to see her for ten days . Now professor advised them,Note down your heart beat per minute daily for ten days while seeing the girl. Now the data of heart beat/min of the boys after ten days was like this Day 1 2 3 4 5 6 7 8 9 10 Boy 1 98 96 92 94 95 89 79 73 92 75 Boy 2 96 88 86 82 89 90 79 75 82 78 Boy 3 78 76 74 75 77 79 76 78 79 80 After collecting the data the boys went to the professor and show the data. Professor calculated the averages of data of heartbeats of all three boys and find that Average Boy 1 Boy 2 Boy 3 heartbeat/min 88.30 84.50 77.20 of all three boys Now professor said to first boy that show the data to the girl and tell her that your average heart beat is highest among three boys so you are the perfect life partner for the girl as your heart is beating more than other two boys Boys went to the girl and first boy said very confidently by showing the data , Miss, here is the data of our heartbeats for ten days whenever we saw you our hearts were beating more than the normal and also my average heartbeat is more than other two boys , So I am the best person to get marry with you. Girl replied in the answer of the boy, OK, Gentleman, but I would like to analyze all the data by my own and then I will answer you that who will be best person to get marry with me. I will answer you in next three days at three different places individually. Next three days would going to be very crucial to all three boys as they dont know who will get the opportunity to marry with the girl. The girl analysis the whole data by own and found the result below Variable Day Mean Boy1 Boy2 Boy3 Std. Dev. 10 88.30 9.17 10 84.50 6.43 10 77.20 1.93 Coeff. Var. 10.38 7.61 2.50 Min. Median Max. Skewness 73.00 92.00 98.00 75.00 84.00 96.00 74.00 77.50 80.00 -0.86 0.26 -0.24

Now on next day the girl meet the first boy and said , No doubt that your average heart beat is more than other two boys but Std. Dev. and coff. of var. is very high which is 9.17, and 10.38 respectively which shows that your love to me has very high variability and very low consistency also value of skewness -0.86 shows high negative asymmetry of data and the difference between your minimum and maximum value of heart beat is 25 this shows that sometime you will love me with high emotions and sometime this shows neutral behavior to me , So in all in all the data of your heartbeat is not reliable and so I cannot marry with you, I am very sorry gentleman.

Next day girl meet the 2nd boy and said, Your average heartbeat is also good but the Std. Dev and Coff. of Var. are 6.43 and 7.61. No doubt both are less than in case of the first boy but still the variation of data is quite high. It shows that your love to me also

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has high variability and low consistency. The value of skewness 0.26 shows that low positive asymmetry of data. The difference between your minimum and maximum value of heartbeat is 21 which means high difference of intensity of love towards me. Above all , your data shows that your love is also not static to me, so gentleman I cannot go with you, Sorry.

At last girl meet the third boy, who was looking very depressed as he had lowest average heartbeat. Girl said to the boy, Gentleman your heartbeat is 77.20 lowest among three but Std. Dev. and Coff. of Var. are 1.93 and 2.50 respectively which shows low variability and quite good consistency. Also the value of skewness is -0.24 is also the lowest value of asymmetry of data. The difference of your minimum and maximum value of heartbeat is 6 which also lowest among three which means your love to me is quite static throughout the life even the intensity of love is low. Above all, the data analysis shows you could be better life partner for me.

Then the Girl bent on her knees

asked the boy.........................

To listen the answer of the girl the third boy filled with joy and picked up the girl in his arms.

This way the girl chose the right partner for her using statistics. From the above story we conclude that Statistics make us enough capable to take right decisions at right time and in right way not only in corporate life but also in our personal life.

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Wednesday, July 7, 2010

Skewness-Lack of symmetry in frequency distribution

Meaning of Skewness: The term skewness means lack of symmetry in a frequency distribution. Skewness denotes the degree of departure of a distribution from symmetry and reveals the direction of scatterness of the items. It gives us an idea about the shape of the frequency curve. When a distribution is not symmetrical , It is called a skewed distribution. Skewness tells us about the asymmetry of the frequency distribution. Definition of Skewness:
1.

Skewness is the degree of asymmetry or departure from symmetry of a distribution -------- M. R. Speigal. When a series is not symmetrical , it is said to be asymmetrical or skewed-------------Croxten and Cowden. By skewness of a frequency distribution , we mean degree of its departure from symmetry----------Simpson and kafka.

2.

3.

Skewness and frequency Distribution:

1.

Symmetrical Distribution:

2.

In a symmetrical distribution or symmetrical curve , skewness is not present. The values of mean , median and mode coincide i.e. Mean=Meadian=Mode. The spread of the frequencies is the same on both sides of the central point curve. Skewed Distribution: A distribution which is not symmetrical is called skewed distribution or asymmetrical distribution . A skewed distribution may be either positively skewed or negatively skewed. 1. Positively skewed: If the longer tail of the frequency curve of distribution lies to the right of the central point, it is called a positively skewed distribution.In Positively skewed distribution , the value of the mean will be greater than median and median will be greater than mode.
2.

Negatively skewed.: If the longer tail of the frequency curve of the distribution lies to the left of the central point , it is called a negatively skewed distribution. In the negatively skewed distribution , the value of the mean will be less then median be less than mode.
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Formula for calculating Skewness is given in below fig.

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