MS-8

MANAGEMENT PROGRAMME

ASSIGNMENT
SECOND SEMESTER
(JULY TO DECEMBER)
2020

MS-8: QUANTITATIVE ANALYSIS

FOR MANAGERIAL APPLICATIONS

School of Management Studies

INDIRA GANDHI NATIONAL OPEN UNIVERSITY
MAIDAN GARHI, NEW DELHI – 110 068
 ASSIGNMENT

Course Code : MS-8

Course Title : Quantitative Analysis for Managerial Applications

Assignment No. : MS-8/TMA/Sem-II/2020

Coverage : All Blocks

Note: Attempt all the questions and submit this assignment to the Coordinator of your Study
Centre on or before 31st October, 2020.

1. The prices (in Rs.) of three X, Y and Z are x, y and z per unit respectively. A purchases
4 units of Z and sells 3 units of X and 5 units of Y. B purchases 3 units of Y and sells 2
units of X and 1 Unit of Z. C purchases 1 unit of X and sells 4 Units of Y and 6 units of
Z. In the process A, B and C earn Rs. 6000, Rs. 5000 and Rs. 13000 respectively.
Using matrics, find the prices per unit of three commodities.

2. Calculate Quartile derivation.

Monthly Wages (Rs.) No. of Workers

Below 850 12
850-900 16
900-950 39
950-1000 56
1000-1050 62
1050-1100 75
1100-1150 30
1150 and above 10

3. Four Cards are drawn at random from a well shuffled pack of 52 cards, find the
probability that

(i) They are a king, a queen, a jack and an ace,

(ii) Two are king and two are queens,
(iii) Two are black and two are red,
(iv) They should be one from each suit.

4. Based on a nationwide poll, a seller of printed advertisements estimates that 56% of all
adults usually open all the mail they receive. If this is still the current rate at which
adults open mail, what is the probability that in a random sample of 1000 adults, the
number who usually open all of their mail will be
(a) Less than 541
(b) 570 or more?
5. Write short note on any three of the following:

a) Poisson Distribution.
b) Purposive Sampling.
c) Geometric Mean.
d) Rank Correction.
e) Advantages of Quantitative Approach of Management.