F-2, Block, Amity Campus

Sec-125, Nodia (UP)

India 201303

ASSIGNMENTS
PROGRAM:
SEMESTER-I
Subject Name
: Master of Finance and Control
Study COUNTRY
: Zambia
Permanent Enrollment Number (PEN) :
Roll Number
: MFC001412014-2016002
Student Name
: DERICK MWANSA
INSTRUCTIONS
a) Students are required to submit all three assignment sets.
ASSIGNMENT
Assignment A
Assignment B
Assignment C

DETAILS

MARK
S
Five Subjective Questions
10
Three Subjective Questions + Case Study 10
40 Objective Questions
10

b)
c)
d)
e)

Total weightage given to these assignments is 30%. OR 30 Marks

All assignments are to be completed as typed in word/pdf.
All questions are required to be attempted.
All the three assignments are to be completed by due dates (specified from
time to time) and need to be submitted for evaluation by Amity University.
f) The evaluated assignment marks will be made available within six weeks.
Thereafter, these will be destroyed at the end of each semester.
g) The students have to attach a scan signature in the form.

Signature
:
__
____
Date
:
__20/01/2015____
( ) Tick mark in front of the assignments submitted

Assignment A

Assignment B

Assignment C

QUATITATIVE APPLICATIONS IN MANAGEMENT

ASSIGNMENT A
Question one
Answer

No. of Tablets
4- 8
8- 12
12- 16
16- 20
20- 24
24- 28
28-32
32- 36
36- 40
Total

Mid-Point (X)
6
10
14
18
22
26
30
34
38

FX

AVERAGE ( X)=
N
19.9=

1772+22 X
90+ X

1791+ 19.9 X=1772+22 X

2.1 X=19
X =9.0476
9 PERSONS

No. of People Cured

11
13
16
14
X
9
17
6
4
90+X

FX
66
130
224
252
22X
234
510
204
152
1772+22X

ASSIGNEMENT A
Question two
Answer

(a) The variances given show that boys have greater variability in individual heights. Boys
have variance of 9 whereas Girls have variation of 4.
(b) Common average height
Sex

Average

Boys
Girls

68
61

Totals

Common Average Height = (f

f ( X )

Frequency(f)
72
38

4896
2318

110

7214

(f)
= 7214
110
=65.58 inches
(c) Standard deviation
Statistical Data
Detail
Number (f)
Average Height(

Variance
Standard deviation

Total
( f X )

Boys
72
68

Girls
38
61

9
3
4896

4
2
2318

T2
n

332,928

141,398

Variance = (Total Squared)/n - (x Squared)/nT

nT-1
=

474,326 473,107.24
109

=
11.18
Therefore (for both heights) =
(d) Combined variability

3.34
11.18

ASSIGNEMENT A
Question three
Answer
Year
1965
1966
1967
1968
1969
1970
1971
Total
Average

T
X

Sales
Y

1
2
3
4
5
6
7
28
4

32
47
65
92
132
190
275
833
119

XY
32
94
195
368
660
1140
1925
4414

X2
1
4
9
16
25
36
49
140

2
X
n
n XY X Y
b=

b=

7 ( 4414 ) ( 28 ) (833)
7 ( 140 )282

3089823324

b=
980784

b=

7574
196

b=38.64

a=Y b X
a=11938.64(4)

a=11938.64(4)
a=35.56

Trend Equation
T =a+bt
T =35.56 +38.64 t
Sales1972=35.56+38.64 ( 8 )

Sales1972=273.56

ASSIGNEMENT A
Question four
Answer

Total
Average

XY

1
2
3
4
5
6
7
8
9
45
5

12
11
13
15
14
17
16
19
18
135
15

12
22
39
60
70
102
112
152
162
731

Standard deviation of X

X2 2
=
X
n

285 2
5
9

= 31.6725
= 6.67
=2.58

Standard deviation for Y

X2
1
4
9
16
25
36
49
64
81
285

y2
144
121
169
225
196
289
256
361
324
2085

Y2 2
Y
n

2085
152
9

= 231.67225
= 6.67
=2.58

Covariance of XY (
Cov(XY ) =

Cov(XY ) =

Cov(XY )

XY X Y
n

731
( 5 ) (15)
9

Cov( XY )=81.275
Cov( XY )=6.2
Coefficient of correlation between X and Y (
r XY =

Cov ( XY )
X Y

r XY =

6.2
2.58 2.58

r XY =0.93

r XY

ASSIGNEMENT A
Question 5
Answer
Year
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951

Index

5 Yearly Cycles
225
210
201
215
223
245
235
225
233
249
265

5 Yearly Trend Values

1074
1094
1119
1143
1161
1187
1207

214.8
218.8
223.8
228.6
232.2
237.4
241.4

ASSIGNMENT B
Question one
Answer
We establish the null and alternative hypothesis.
Ho: Die is not biased
H1: Die is biased
P (success) =1/6
P (failure) = 5/6
No. (X)

1
2
3
4

Frequency(f
) (Observed)

Probability
P(X)

Expected
P(X)120

30
25
18
10

1/6
1/6
1/6
1/6

20
20
20
20

O-E

10
5
-2
-10

E
(O- 2

(O-

100
25
4
100

5
1.25
0.2
5

E
2 / E

5
6

22
15
120

1/6
1/6

20
20

2
-5

4
25

0.2
1.25
12.9

Chi square test at 0.05 significance level.

Degrees of freedom ( d f ) = (r 1) (c --1)
= (6-1) (2-1)
= (5) (1)
=5
The Critical value is:

=11.1

(0.05,5 )

Since the calculated chi square value of 12.9 is greater than the critical value of 11.1, we
reject the null hypothesis and conclude that the die is biased.

ASSIGNEMENT B
Question two
Answer
Let X1 be units of material A
X2 be units of material B
Minimize

Z =20 X 1+ 80 X 2

Subject to

5 X 1 +10 X 2 150

X 1 20
X 2 14
X1 , X2 0

Corner Point

Coordinates

(20,14)

Z =20(20)+80(14)

1520

(2,14)

14
Z =20(2)+ 80 )

1160

(0,14)

15
Z =20(0)+80 )

1200

Therefore, optimal solution is:

No of units of product A = 2 Units
No of units of product B = 14 Units
Total cost, = 1160 which is the minimum

Objective function
Z =20 X 1+ 80 X 2

Value

ASSIGNEMENT B
Question three
Answer
Below is the probability decision tree showing different alternatives and the associated benefits.

A critical analysis of the decision tree reviews that bidding would result in a loss in
monetary terms of 8750. Therefore, the company should not bid.

ASSIGNEMENT B
Case Study
Answer Part (A)
Year
1996

1997

1998

1999

Population
Level (Y)

Quarter

Time

SM4

SM2C

293

246

263

231

265

264

282

266.5

301

%MA

Seasonal
Indices

Deseasonalised

1.11882

261.88

0.94888

259.25

0.8750

0.86383

267.41

265.75

1.0611

1.07162

263.15

265.5

266

1.1316

1.11882

269.03

252

267.75

266.625

0.9451

0.94888

265.58

227

268.5

268.125

0.8466

0.86383

262.78

291

270.25

269.375

1.0803

1.07162

271.55

304

273.25

271.75

1.1187

1.11882

271.72

10

259

274.5

273.875

0.9457

0.94888

272.95

11

239

275

274.75

0.8699

0.86383

276.67

12

296

276.5

275.75

1.0734

1.07162

276.22

13

306

276.75

276.625

1.1062

1.11882

273.50

14

265

277.75

277.25

0.9558

0.94888

279.28

15

240

0.86383

277.83

16

300

1.07162

279.95

Q1
Q2
Q3
Q4
SUM

Q1
Q2
Q3
Q4

Unadjusted Seasonal Indexes

1.118814964
0.948883544
0.863833919
1.071620734
4.00315316
Adjusted Seasonal Indexes
1.117933708
0.948136137
0.863153504
1.070776651

SUM

4.000000000

Case Study
Part (B)
Answer

YEAR
1996

1997

1998

1999

T0TALS
MEAN

TIME (X)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

SALES (Y)
293
246
231
282
301
252
227
291
304
259
239
296
306
265
240
300

XY
293
492
693
1128
1505
1512
1589
2328
2736
2590
2629
3552
3978
3710
3600
4800

X2
1
4
9
16
25
36
49
64
81
100
121
144
169
196
225
256

136
8.5

4332
270.75

37135

1496

2
X
n
n XY X Y
b=

b=

16 ( 37135 ) ( 136 ) (4332)

16 ( 1496 )1362

b=

594160589152
2393618496

b=

5008
5440

b=0.92

a=Y b X
a=270.750.92( 8.5)

a=270.75262.93
a=7.82

Regression Line
Y =a+bX
Y =7.82+0.92 X

Case Study
Part C
Answer
1
2
3
4
5
6
7
8
Totals
Mean

Winter (X)
293
246
231
282
306
265
240
300
2163
270.38

Summer (Y)
301
252
227
291
304
259
239
296
2169
271.13

X-Y
-8
-6
4
-9
2
6
1
4
-6

(X-Y)2
64
36
16
81
4
36
1
16
254

H0: pollution levels are higher in winter than in summer and that they are increasing over the
years
H1: pollution levels are not higher in winter than in summer and that they are not increasing over
the years

Level of significance: 0.05

Test statistic:

(XY )

(X Y )2
n

X Y
t=

t=

t=

8 ( 254 ) (6)2
81

6
16.886

t=0.355

tcritical

t (0.05,7) =1.895
Since critical t of 1.895 is greater than the calculated t (-0.355). We reject the null
hypothesis and conclude that there is not statistical significance in the levels of
pollution in winter and summer.

ASSIGNEMENT C
MULTIPLE CHOICE

Answer.

1
2
3
4
5
6
7
8

C
A
C
A
B
C
C
A

9
10
11
12
13
14
15
16

A
B
B
A
A
C
A
C

17
18
19
20
21
22
23
24

D
A
D
B
B
B
B
C

25
26
27
28
29
30
31
32

B
C
C
A
C
B
E
D

33
34
35
36
37
38
39
40

A
A
B
E
C
C
B
A