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Term-End Examination

June, 2009
MS-8: QUANTITATIVE ANALYSIS FOR MANAGERIAL APPLICATIONS

SECTTON . A

1.An analysis of the hourly wages paid to workers in two firms A and B belonging to the same
industry gives the following results:

Firm A Firm B
Number of wage-earners 586 648
Average hourly wage Rs.52.5 Rs.47.5
Variance of the distribution of 100 121
wage

(a)Which firm, A or B pays out the larger amount as hourly wages?
(b)In which firm A or B, is there greater variability in individual wages?

2. Bag A contains 2 white and 3 red balls and bag B contains 4 white and 5 red balls. One ball is
drawn at random from one of the bags and is found to be red. Find the probability that it was
drawn from bag A.

conditional probability problem.

P[bag A & red] = [1/2][3/5] = 3/10 = 27/90
P[bag B & red] = [1/2][5/9] = 5/18 = 25/90
P[red] = sum of the above = 52/90

P[bag A | red] = P[bag A & red] / P[red]
= 27/52

3. What do you understand by probability sampling ? Describe stratified and cluster sampling
Designs. What is the difference between a cluster and a strata ?

4. A course in Quantitative Applications is taught to L2 students by conventional classroom
procedure. A second group of 10 students was given the same course by programmed
materials. The same examination was given to each Soup at the end of the course. The 12
classroom students scored 85 marks on an average with the standard deviation 4, while 10
students using programmed material scored SL marks on an average with a standard deviation
of 5. Test whether the two methods of learning are equally effective? Use 0.10 level of
significance.

5. The information given below relates to the advertisement and sales of a company
(in lakhs of Rupee )

Advertisement Expenditure Sales (Y)
(X)
Arithmetic Mean 20 100
Standard Deviation 3 12

(b) What should be the advertisement expenditure if the company wants to attain sales target of Rs 120 lakhs ? 6. p-hat = 160/500 = 0.96*sqrt(0. In a random sample of 500 people of a city.2y + z = .32 --- ME = 1.32+0.Correlation coefficient between X & Y = 0.32-0.0410 < p < 0.0410 8. it was found that 160 preferred seafood. Solve the following system of linear equations using matrices 2x+3y+3Z=5 x .Write short notes on any three of the following : (a) Marginal Revenue (b) Exponential Smoothing (c) Less than type Ogive (d) Probability density Function (pdf) (e) Significance level SECTTON – B 7.0410 ---- 95% CI: 0.4 3x-y-2z=3 .68/500) = 0.32*0. Find a 95% confidence interval for the actual proportion of people who preferred seafood.8 (a) Find the two regression equations.

4% and 2% respectively are defective bolts. Therefore. A bolt is drawn at random and is found to be defective. P(E3) = 40/100. B. Then P(E1) = 25/100.5 34.5 No of people 14 60 95 24 7 reaching the level Find the quartile deviation 2. machines A. P(E2) = 35/100.5 40.5-37. P(E/E2) = 4/100.P(E/E1) + P(E2). C manufacture respectively 25%. 35% and 40% of the total production. What is the probability that it is manufactured by machine B ? Solution : Let E be the probability of drawing defective bolt. E2 and E3 be the event of drawing a bolt produced by the Machines A.5-43.5-40. P(E/E3) = 2/100. P(E2/E) = [P(E2). Term-End Examination December. B and C respectively.The following data describes the age at which employees reach to the level of 'senior manager' in a multinational company Age in years Below 34.5 37. Let E1.P(E/E2)]/[P(E1). 2009 MS-8: QUANTITATIVE ANALYSIS FOR MANAGERIAL APPLICATIONS SECTTON . A 1.P(E/E2) + P(E3). Of their output 5%.5 Over 43.P(E/E3)] = [(35/100)(4/100)]/[(25/100)(5/100) + (35/100)(4/100) + (40/100)(2/100)] = [35×4]/[25×5 + 35×4 + 40×2] . In a bolt factory. P(E/E1) = 5/100.

62 where the measurements are in inches. Of these 840 families 206 families were found to have a weekly income of Rs.In a locality containing 18000 families a sample of 840 families was selected at random.8 prices in two towns 6.5 Standard Deviation of prices in Mumbai Rs. In a study to test whether there is difference between the average heights of adult females born in two different countries.5 Correlation coefficient between two + 0.Find the most likely price of commodity A in Mumbai corresponding to the price of Rs.Describe the design of stratified sampling. It is desired to know how many out of 18000 families have a weekly income of Rs. 70 at Kolkata from the following data Average Price in Kolkata Rs. . Use 3 sigma limits.05 level of significance to test the difference between the average heights. 65 Average Price in Mumbai Rs. random samples yielded the following results. n1 = 120 x1= 62. (f )Power curve of a test. c)More than type ogive. 500 or less. d)Cumulative Density Function (cdf) of a e)continuous random variable. SECTION-B 7. 3.8 s2 = 2.Write short notes on any three of the following : a)Cramer's Rule. What is a strata ? Discuss about proportional allocation and disproportional allocation.= 140/(125 + 140 + 80) = 140/345 = 28/69. 5.] 3.50 n2 =150 x2 = 61. 500 or less. 2. Use 0. 67 Standard Deviation of prices in Kolkata Rs. 4. b)Exponential Smoothing.7 s1= 2.[Ans.

December. 136 per passenger for 100 passengers with a discount of Rs. 4 for every group of 10 passengers in excess of 100. one subscriber will discontinue the service.A telephone company in a town has 1000 subscribers on its list and collects a fixed charge of Rs. Explain Hypothesis testing. What is the probability that .A tour operator charges Rs.8. 400 per subscriber per year. 2. 3. 2OO8 SECTION A l. What are the steps involved in hypothesis testing ? Discuss the two types of errors in testing of hypothesis. The company proposes to increase the annual subscription and it is believed that for every increase of Re. Determine the number of passengers that will maximize the amount of money the tour operator receives.A husband and wife appear in an interview for two vacancies in the same post. 1. The probability of husband's selection is 1/7 and that of wife's selection is l/5. Find what increase will bring maximum revenue to the company.

x 1 2 3 4 5 . The result of the tests was as under: Participant 1 2 3 4 5 10 12 15 18 10 Score before training Score after training 15 10 18 32 25 Can the training be regarded as effective at 5 percent level of significance? 5.39 40. a group of 5 participants were selected and given a test before and after the training. Write short notes on any three of the following : (a) Minor of an element of matrix (b) Equally likely events (c) Advantages of probability sampling (d) Mini max criterion of decision making (e) Standard deviation and standard error SECTION B 7. An automobile company gives you the following information about age-groups and the liking for a particular model of car which is expected to be introduced : Age Persons ≤ 20 20 . Obtain the two regression equations for the following data using the method of least squares.59 ≥ 60 Total Liked the car 140 80 40 20 280 Disliked the car 60 50 30 80 220 Total 200 130 70 100 500 On the basis of this data.05) = 7.(a) both of them will be selected ? (b) only one of them will be selected ? (c) none of them will be selected? (d) at least one'of them will be selected ? 4.815) 6. can it be concluded that the model appeal is independent of the age- groups? (Given v = 3. To test the effectiveness of training. Chi-square (0.

Determine the sample size if sample standard deviation s = 6. population mean = 25. .y 5 7 9 10 11 8. Sample mean = 23 and the degree of precision is 99%.