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ASSIGNMENT

DRIVE SPRING 2017


PROGRAM MBA
SEMESTER I
SUBJECT CODE & NAME MBA 103- Statistics for Management
BK ID B1731
CREDIT & MARKS 4 CREDITS, 30 MARKS EACH

Note The Assignment is divided into 2 sets. You have to answer all questions in both sets.
Average score of both assignments scored by you will be considered as your IA score. Kindly
note that answers for 10 marks questions should be approximately of 400 words.
Set I

Q.No Criteria Marks Total Marks


1 Give the meaning of the word Statistics. Mention the characteristics of Statistics.
A Meaning of Statistics 4 10
Characteristics of Statistics 6
2 a. What do you mean by Probability?
b. A bag contains 5 white, 6 red, 2 green and 2 black balls. Two balls are
selected at random from the bag. Find the probability that the selected balls
are-
i. White
ii. Red
A a. What do you mean by Probability? 4 10
b. A bag contains 5 white, 6 red, 2 green and 2 black balls.
Two balls are selected at random from the bag. Find the
probability that the selected balls are-
i. White 3
ii. Red 3
3 What Do you mean by Sampling? Describe various Probability and Non- Probability
Sampling Methods
A Meaning of Sampling 2 10
Probability Sampling Methods 4
Non-Probability Sampling Methods 4
SET-II

1 Write short notes on


A a. Type I and Type II error
b. Level of Significance
c. Null Hypothesis
d. Twotailed Tests and Onetailed Tests
e. Test Statistics
a. Type I and Type II error 2 10
b. Level of Significance 2
c. Null Hypothesis 2
A test statistic is a standardized value that is calculated from sample data during a hypothesis test
d. Twotailed Tests and Onetailed Tests 2
e. Test Statistics 2
2 a. Explain The concept of One Way ANOVA.
b. Table given below depicts the data on production rate by five workmen on
four machines. Test whether the rate is significantly different due to workers
and machines.

Machines Workmen
I II III IV V
1 46 48 36 35 40
2 40 42 38 40 44
3 49 54 46 48 51
4 38 45 34 35 41
A Explanation of ANOVA 10 2
Numerical Solution 8
3 a. Explain the meaning of Weighted Index Numbers.
b. Information of sales price per unit of different commodities for two different years
is given in following table-
2010 2016
Commodities Price Quantity Price Quantity
A 20 5 25 3
B 30 8 45 5
C 10 12 20 8
D 15 10 16 10
E 45 5 50 6
F 90 10 110 8

Construct the Price Index taking 2010 as the base year and 2016 as the current year
by following methods.

i. Laspeyres Price Index


ii. Paasches Method
iii. Dorbish and Bowleys method
iv. Fishers Ideal Index Method
A a. Meaning of Weighted Index Numbers 2 10
b. Construction of the Price Index
i. Laspeyres Price Index 2
ii. Paasches Method 2
iii. Dorbish and Bowleys method 2
iv. Fishers Ideal Index Method 2

*A-Answer
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