Post Graduate Diploma in Business Management (PGDBM)

I Term Assignment (2017)

DBM-416: QUANTITATIVE AND RESEARCH METHODS

Answer all the following. Make necessary assumptions wherever needed. All answers carry equal marks

1. Discuss important applications of Statistics in modern business with the help of suitable
examples.
2. The prices of a Tea Company shares in Mumbai and Kolkata markets during the last ten
months are recorded below:

Month(2000) Mumbai Kolkata

January 105 108
February 120 117
March 115 120
April 118 130
May 130 100
June 127 125
July 109 125
August 110 120
September 104 110
October 112 135

Determine the Arithmetic Mean and Standard Deviation of the price of shares. In which
market are the share prices more stable? (compare the answers with short cut methods)

3. Two factories manufacture the same machine part. Each part is classified as having either
0,1,2,or 3 manufacturing defects; the joint probability distribution for this is given below:

Number of Defects
0 1 2 3
Manufacturer A 0.1250 0.0625 0.1875 0.1250
Manufacturer B 0.0625 0.0625 0.1250 0.2500

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 (i) A part is observed to have no defects. What is the conditional probability that it
was produced by manufacturer A?
(ii) A part is known to have been produced by manufacturer A. What is the
conditional probability that the part has no defects?
(iii) A part is known to have two or more defects. What is the conditional probability
that it was manufactured by A?
(iv) A part is known to have one or more defects. What is the conditional probability
that it was manufactured by B?

4. Two persons were asked to watch ten specified TV programmes and offer their
evaluation by rating them 1 to 10. These ratings are given below.

TV Programme A B C D E F G H I J
Ranks given by X 4 6 3 9 1 5 2 7 10 8
Ranks given by Y 2 3 4 9 5 7 1 10 8 6

Calculate Spearman’s coefficient of correlation of the two ratings

5. The following data relate to the scores obtained by 9 salesman of a company in an
intelligence test and their weekly sales in thousand rupees:-

Salesman: A B C D E F G H I
Intelligence 50 60 50 60 80 50 80 40 70
Test Scores
Weekly 30 60 40 50 60 30 70 50 60
Sales

(A) Obtain the regression equation of sales on intelligence test scores of the salesmen
(B) If the intelligence test scores of a salesman is 65, what would be his expected
weekly sales?
6. The trend equation for annual sales of a product is- Y=102+36 X
With 1st January 1990 as origin.

(i) Determine the monthly trend equation with 1st July 1992 as origin.
(ii) Compute the trend values of sales in August 1991 and October 1994.

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 7. What are the advantages and limitations of sampling? Describe the various steps
involved in the sampling process.

8. A radio shop sells, on an average, 200 radios per day with a standard deviation of 50
radios. After an extensive advertising campaign, the management will compute the
average sales for the next 25 days to see whether an improvement has occurred.
Assume that the daily sales of radios are normally distributed.
(i) Write down the null and alternative hypothesis
(ii) test the hypothesis at 5 percent level of significance if x  216
(iii) How large must x be in order that the null hypothesis is rejected at 5
percent level of significance?

9. The following table gives the data on the performance of three different detergents at
three different water temperatures. The performance was obtained on the ‘whiteness’
readings based on specially designed equipment for nine loads of washing:
Dete detergent A Detedetergent BDetedetergent C
Cold water 45 43 55
Warm Water 37 40 56
Hot water 42 44 46

Perform a two-way analysis of variance, using the level of significance  =0.05

10. Enumerate the different nonparametric tests and explain any two of them.
11. “Research is much concerned with proper fact finding, analysis and evaluation.”
Do you agree with this statement? Give reasons in support of your answer.
12. Explain the steps involved in the research design process?
13. Explain the role of Data collection in Research? Evaluate Interviewing as a method of
Data collection.
14. Explain the important stages in data analysis. Give two examples.
15. Describe the process of report preparation.

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