12/4/2015

QuantitativeTechniquesInManagementMB007Question.docx

QuantitativeTechniquesinManagement
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PARTA(DescriptiveType)=32
PARTB(CaseStudy)=4
PARTC(MultipleChoice)=120
PARTC(ShortQuestion)=40

PARTA
DescriptiveTypeQuestion
Question1:Definequantitativetechniques.Namethetwomajordivisionsinwhich
youcandividethesetechniques.Explainthemodusopendiofeachandgivenames
ofafewtechniquesundereachcategory
Question 2: How has quantitative analysis changed the current scenario in the
managementworldtoday?
Question3:Fromthefollowingdatacalculatethemissingthemissingfrequency.
No. of 48
tablets

812 1216 1620 2024 2428 2832 3236 3640

No. of 11
persons
cured

13

16

14

17

Theaveragenumberoftabletstocurvefeverwas19.9.
Question 4a: Show for the following function f(x) = x + 1/x has its Min value
greaterthatitsMaxvalue.
Question 4b: An enquiry into the faculty budgets of middle classfamilies gave the
followinginformationgivenbelow.
Expenseson

Food

Clothing

Fuel

Rent

Miscellaneous

%ageofExpenditure

35

15

10

20

20

Pricein1999(Rs.)

70

45

20

80

40

Pricein2000(Rs.)

90

50

25

70

30

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QuantitativeTechniquesInManagementMB007Question.docx

Computethepriceindexusing(a)weightedA.M.ofpricerelatives&(b)weighted
G.M.Ofpricerelatives
Question
5a: Calculate the Mean, Median and Standard Deviation of the following
data
Wages
(Rs.)

Up

to

No.ofWorkers

15

30

45

60

75

90

105

120

12

30

65

107

157

202

222

230

Question5b:Alsocalculate
(a).Coefficientofcorrelation
(b).InterquartileRange(Q3Q1)
(c).Skewness
Question6a:Twobrandsoftyresaretestedwiththefollowingresults.
Life(inthousandsofKms)

BrandA

BrandB

2025

2530

15

20

3035

12

32

3540

18

30

4045
4550

13
9

12
0

Whichbrandoftyrewouldyouuseonthefleetoftrucksandwhy?
Question6b:Answerthefollowingquestions.
1. The income of a person in a particular week is Rs.50 per day. Find mean
deviationofhisincomefortheweek.
2. The median and variance of a distribution are 35 & 2.56 per day. Find median
andvarianceifeachobservationismultipliedby3.
3.Themodeandstandarddeviationofadistributionare55and4.33respectively.
Findmodeandstandarddeviationif8isaddedtoeachobservation.
4.Themeanandstandarddeviationofadistributionare15&wrespectively.Find
meanandstandarddistributionifeachobservationismultipliedby5.
Question7a:DefinethefollowingMatrixwithanexampleofeach.
a.RowMatrix

b.ColumnMatrix

c.ZeroorNullMatrix

d.SquareMatrix

e.DiagonalMatrix

f.ScalarMatrix

g. Unit or Identity
Matrix

h. Upper Triangular
Matrix

i. Lower Triangular
Matrix

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j.ComparableMatrix

k.EqualMatrix

Question7b.SolvethefollowingequationsusingMATRIXmethod.

Question 8: Two
women customers are randomly selected
in a super market
andareaskedtotaste7differenttypesof
juicesandranktheminorderofpreferencefrom7(best)to1(leastdesirable).The
resultsareasfollows.
Juices

MANU

SONU

1.CalculatetheRankCorrelationandCoefficient.
2.Istherelationshipsignificant?
Question9a:Fitastraightlinetrendbythemethodofleastsquaretothefollowing
data.
Year

Production

1991
1992

240
255

1993

225

1994

260

1995

280

b.Estimatethelikelyproductionfortheyear2000.
c.Whenwilltheproductionbedoublethatofyear1993?
Question10a:Theincomeofagroupof10,000personswasfoundtobenormally
distributed with mean Rs.750PM and standard deviation =Rs.50 show that of this
group 95% had income exceeding Rs.668 and only 5% had income exceeding
RS.832.
Question10b:Inalocality,outof5000peopleresiding,1200areabove30years
ofageand3000arefemales.Outofthe1200whoareabove30,200arefemales.
Suppose,afterapersonischosenyouaretoldthatthepersonisafemale.Whatis
theprobabilitythatsheisabove30yearsofage?
Question11: StateandillustrateAddition&MultiplicationTheoremofProbability.
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Question11: StateandillustrateAddition&MultiplicationTheoremofProbability.

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