# WRITTEN ASSIGNMENT UNIVERSITY BUSINESS SCHOOL, PANJAB UNIVERSITY, CHANDIGARH PROGRAM: MBA (General & Bio-tech) - 1st SEMESTER

COURSE: QUANTITATIVE METHODS AND MANAGEMENT TECHNIQUES SESSION: JULY-NOVEMBER, 2010 FACULTY: RUPINDER KAUR

Attempt any five: UNIT I Q.1 Answer the questions in short: (a)Why averages are called as measure of central value?

(1 marks each)

(b)Under what circumstances would it be appropriate to use mean, median, mode, harmonic mean and geometric mean? Discuss (c)Write a formula to show the relationship between mean, median and mode? (d)What is dispersion? What is the need of studying dispersion? (e)What is coefficient of variation? What purpose does it serves? (f)Differentiate between standard deviation and mean deviation? Q.2(a) The annual rates of growth of an economy over the last 5 years were 1.5, 2.7, 3.0, 4.5 and 6.2 percent respectively. What is the compound rate of growth per annum of the economy for the period? (b)If the values of mean and standard deviation of the following frequency distribution (obtained by step deviation method) are 135.3 & 9.6 respectively. Determine the actual class intervals? d f -4 2 -3 5 -2 8 -1 18 0 22 1 13 2 8 3 4 Total 80

Q.3(a) Talent ltd. a Bollywood casting company is selecting a group of extras for a movie. The ages of the first 20 men to be interviewed are 50 56 55 49 52 57 56 57 56 59 54 55 61 60 51 59 62 52 54 49 The director of the movie wants men where ages are fairly tightly grouped around 55 years. Being a statistics buff of sorts, the director suggests that a standard deviation of 3 years would be acceptable. Does this group of extras qualify? 1

Find estimated standard error of mean and Construct a 96 percent confidence interval for the mean? (b)Dr. on average. a sample of 60 individuals is taken. Find the mean and variance of sampling distribution of sample mean? Q. knows that.5 respectively. Estimate the standard error of proportion and Construct a 99 percent confidence interval for true proportion of top executives who cannot correctly add fractions? Q.6(a)Mary Bartel. If Mary audits 50 randomly selected accounts. the monthly balance of any given customer is $112 and standard deviation is $56. Benjamin.8(a)Random samples of sizes 400 and 500 have means 10.368. a noted social psychologist. The hospital has purchased its requirement of this drug and 2
.2 and standard deviation 1. The individual dose of this drug is 100cc. From this sample.4 Write short notes on: (a)Point and interval estimates (b)Central limit theorem (c)Null and Alternative hypothesis (d)One tailed and two tailed test (e)Critical region and acceptance region Q.7(a)From a population of 540. the mean is found to be 6. survey 150 top executives and found that 42 percent of them were unable to add fractions correctly. what is the probability that the sample average monthly balance is (a) below $100 (b) between $100 & $130? (b)Define the concept of sampling distribution and standard error. Explain different methods of sampling? What are sampling and non sampling errors? Q.(b) The weekly sales of two products A and B were recorded as given below: Product A Product B 59 150 75 200 27 125 63 310 27 330 28 250 56 225
Find out which of two shows greater fluctuations in sales. an auditor for a large credit card company. UNIT II Q. Can the samples be regarded as drawn from the same population of variance 25? (b)A hospital uses large quantities of packaged doses of a particular drug.9 and 11.5 Point out the difference between sample survey and census survey.

What should it do? Q.f.10 significance level and wants to take the decision of acceptance or rejection of drugs with such levels of doses. If the hospital sets a 0. The hospital inspects 50 doses of this drug at random from very large shipment and finds mean of these doses to be 99. level is 11. the following information was obtained: Days: No.07)
3
. Discuss whether data reveal a significant difference between urban and rural area so far as the proportion of commuters of public transport is concerned at 1% level of significance.75cc. 1115 1126
Test the hypothesis that the number of parts demanded does not depend on the day of the week.10(a)The following results were obtained when two set of items were subjected to two different treatment X and Y. In a sample study. 1125 Wednes.9(a)Two independent samples of 8 and 7 items gave the following values: Sample A: 9 Sample B: 10 11 12 13 10 11 14 15 9 9 8 12 10 14
Examine whether the difference between the means of the two samples is significant at 5 percent significance level? (b)In a random sample of 500 persons belonging to urban area 200 are found to be commuters of public transport. of parts demanded: Mon. to enhance their strength. Is treatment Y superior to treatment X? (b)The demand for a particular spare part in a factory was found to vary from day to day. (Table value of chi-square for 5 d. 1110 Thurs. at 5% sig. Treatment X was applied on 400 items and 80 were found to have gained in strength.knows that the population standard deviation is 2cc. 1124 Tues. Satur. In another sample of 400 persons belonging to rural area 200 are found to be commuters of public transport. Treatment Y was applied on 400 items and 20 were found to have gained in strength. Q. 1120 Fri.