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IGNOU ASSIGNMENT PROGRAMME CODE: mee Course ode: met - 003] 8 Ee-t03 REGIONAL CENTPE CODE , 67. OELKII me Quancemuve Course Title. nvr Mertrods Gavaay Dee? JAMAKPORL ew Decet unre MoBriee numbe®: TSO%E7S4CE EMATL TO: Birscu Page w@ srnr0e AO Te Scanned with CamScanner MEC-003/MEC- 103: QUANTITATIVE METHODS Assignment (TMA) Course Code: MEC-003/ MEC-103 Asst. Code: MEC-003/103/TMA/2019-20 Total Marks: 100 Answer all the Beearries 12 mathe" E*ch question in Section A carried 20 marks while that in Section Section 1. What is diffe fe ; Discus tential equation? How do you apply differential equations in Economics? 8 th it 4 © role of initial condition in solving a differential equation. If your objective is to examine the stability wenn differenti ity of equilibrium, show with the help of an example, how a second-order al equation can address your concern, fa) WI . (@) What is the normal Probability distribution function? State its properties. ® me concentration of impurities in a semiconductor used in the production of lcToprocessors for computer is a normally distributed random variable with mean 127 Parts per million (ppm) and standard deviation 22 parts per million. A semiconductor is acceptable only if its concentration of impurities is below 150 parts per million. What is the proportion of the semiconductors that are acceptable for use? (The area under the standard normal curve for the value of Z=1.05 is 0. 3531) Section B 3. Explain the relevant considerations of making a choice between one-tailed and two-tailed tests. How would you determine the level of significance in the above tests? 4, How would you determine linear dependence of a matrix? Define the rank of a matrix in terms of its linear independence. 5. A monopolist’s demand curve is given by P = 100-2. (a) Find the marginal revenue function (b) At what price is marginal revenue zero? 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