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Term-End Examination

December, 2014

MEC-003 : QUANTITATIVE TECHNIQUES

Maximum Marks : 100

Time : 3 hours

SECTION - A

Answer any two questions from this section. 2x20=40

1. Given the demand and supply for cobweb model

as :

Qdt = 18 - 3 t and Qst - 3 + 4Pt-i

(a) Find the inter temporal equilibrium price

and determine whether the equilibrium is

stable.

(b) Establish the stability condition of

Samuelson's multiplier accelerator model.

(a) Write down the distribution functions of the

2.

Binomial distribution and Poisson

distribution. When is a Poisson distribution

an approximation of Binomial

distribution ? Obtain the mean and

variance of the Binomial and Poisson

distribution.

(b) Write down the properties of a normal

distribution. For a standard normal

distribution, write the density function.

MEC-003

P.T.O.

3.

closed input-output models ?

(b) An economy has 2 sectors agriculture and

industry. The input-output coefficients of

these sectors are given as :

Output sector

Agriculture

Industry

Input sector

Agriculture Industry

0.10

0.50

0.20

0.25

If the final demand of these sectors are

(i)

300 and 100 respectively, determine

the gross output of the two sectors.

(ii) If the input coefficients for labour of

the two sectors are 0.50 and 0.60

respectively, determine the total labour

that would be required.

4.

5.

6.

profit of at least 1500. His cost and demand

functions are C = 500 + 4q + 8q2 and P = 304 2q.

(a) determine his output level and price.

(b) contrast these values with those that would

be achieved under profit maximisation.

SECTION - B

Answer any five questions from this section. 5x12=60

A bag contains 8 blue balls and 5 black balls.

2 successive draws of 3 balls are made without

replacement. Find the probability that the first

drawing will give 3 black balls and the second

3 blue balls.

(a) Solve graphically

Sub to

10x1+ 4x2 > 20

5x1 + 5x2 20

2x1 + 6x2 > 12

Xi, X2 > 0

(b) Why does the solution occur at the corner

point only ? Give reasons.

MEC-003

7.

estimating the value of a population parameter.

8.

4 1 1

Find inverse of 0 3 2

3 0 7

9.

(b) State control limit theorem.

(c) State properties of point estimators.

10.

is even ? What is the probability that it was 4 ?

11.

2

+ 2 . Using

+ x3

the Hession matrix check whether the extreme

value(s) is/are maximum or minimum.

2

2

z = 2X1 - X1 X2 4x2 x1X3

12.

in x1 and x2.

Maximise z = 45x1 + 55x2

6x1 +4x2<-120

Sub to

3x1 +10x2-L:180

x2 ?..-

MEC-003

P.T.O.

711

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1-1115-AK1 1;TthlTTi

1.

(a)

-grTi-r

2x20=40

3-1-FL-M

-TxT-R

Qst = 3 +4Pt _ i

#7ff pfd 7ficr cf-) I q 1.#

F-47 z1-1

(b)

Ttg-07 #27-67:rf

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2.

(a) tcg

7174i-31T4-69'(

t ?

f-g-Erq

3- It6t ATTff

AT Y.Htur 711I .0 I

(b)

14-11-11 31-E4E7

FcR)tic14 fffd I

M.H14-11-q 3T14-Ci

MEC-003

(41C1-1 f974 I

4-11-Ich

3.

I

ict) 310:1-d74114t dc4lqct) #qtTrisf 3-1177dFT

(b)

T1WR :

"qt44

31-gi #-I

37-1:17 #9'

(i)

4.

TrTsf

Tdirr

Trti

0.10

0.50

371)7

0.20

0.25

#t

300 AT looT*-tirtt

TTFT cI I if;)?

$3T143-TEqff

9114-Rf:

qrq

c f-*-ff4

0.50 3117 0.60 t c

311-477W-d-f il411?

31714 31fT*71:1 -WT4

t I 3TIt 1NId 3t-{f 41(1-1

Tichlt C = 500 + 4q + 8q2-ff2TT P=304 2q I

-W11:rd3-4F-07 c I

(a) 3tichl

(b)

goof 311g1W-dl:f

H

Ti

311

c1Tsi m1 4-11-qc-11 tr{ 31-19-1ft7 4-11-4 -# chZ I

- 731

5.

MEC-003

5x12=60

mio

8 -141 3IY{

11,-1(-1 51c4

Tr7 t

,4To

Trly

I tr-0 -Icf")10

t ?TV at{

ensi.

3-11

Rt-)

-4-tt 1141

P.T.O.

6.

(a)

71TITIFER ch

I -c171 1a`

chi :

ctA :

C =0.6x1+ x2

10x1+4x2 ?.- 20

5x1+5x2 ?- 20

2x1+ 6x2 > 12

x1, x2 > 0

(b)

7.

fT-Tft

rarq

8.

9.

clqi

ti+i 11

374a-ff

1 1

t?

(b)

13

f4-

(c)

10.

rcli)t1c11(1 -01

'TT f

qchcll

11.

3Traff

(a)

fq-1

2

z = 2x1 X1x2 4x22 x1 x3 + x3 + 2 .

*Riff

7417

t Trr .-9--1rr

MEC-003

12.

3-Ti-Wrd7 cbsk

x1 79-11 x2 I

3Nal=f

kik qTql-9 :

MEC-003

z = 45x1 + 55x2

6x1 + 4x2 .120

3x1 + 10x2 180

0, x2 ,0

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