Final Assessment

Course Name Quantitative Tools for Managers

Section MBA E 72, sec 1B
Date 18th. Jan. 2021
Class Timings 07.15pm to 09.45pm
Assignment Timings 07.15pm to 10.15 pm
Faculty Name Prof. S.M.Ahsan
Submission guidelines Mention your name, section, and registration
number on your handwritten solution, scan and
email the PDF file at ahsan@szabist.pk by
10.30pm, Jan. 18, 2021
Marks 50

Attempt All.

1. Given below is a demand schedule of milk for a small town. Where P is the price in
rupees per liter and Q is the quantity of milk in thousand liters that will be demanded at
the stated prices.
P: 30 32 35 40 43 50
Q: 20 18 17 15 15 12
i) Construct an appropriate regression equation to predict the quantity of milk that
would be demanded when price is rupees 45 per liter. [08]
ii) Construct an appropriate regression equation to predict the price when 10,000
liters of milk is demanded. [06]
2
iii) Determine r and interpret its meaning. [02]

2.a. From the data given below construct the Marshal index for 2018 with 2011 as base.
What had been the rate of inflation during this period. [08]
2011 2018
Goods P Q P Q
A 12 15 16 12
B 18 12 20 15
C 30 10 40 08
D 200 03 500 01
E 50 05 100 06

Cont’d--------
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b. Given below are three index number series with different bases. Consolidate these
indices into a single series with a common base and then shift the base to the
year 2005. [06]

Year I1(2000) Year I2(2002) Year I3(2007)

2000 100 2003 110 2007 100
2001 102 2004 112 2008 108
2002 105 2005 115 2009 112
2003 108 2006 120 2010 115
2007 125

c. Given r12 = 0.8 r13 = 0.6 r23 = 0.7 Determine r2.13 and r12.3 [04]

3.a. Given the following time series. obtain 5 yearly moving averages. [08]

b. Also, Fit a straight line trend and determine the trend values. [08]

YEARS: 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

SALES: 140 175 205 230 240 255 270 290 320 360 400

G O O D L U C K