Assignment No.

Programme Name : MBA Semester: I Credit: 4

Course Title :Decision Science - I Course Code:22ODMBT614

Submitted Date: 2022 Last date of Submission:

Max. Marks: 30 Weightage: 15 Marks

Instructions:
 Sec-A is compulsory which consists of Ten Short Answer Questions (1 mark per
question). Answer length should be approximately 100 words.
 Attempt any Five questions from Sec-B out of Seven questions (4 marks per question).
Answer length should be approximately 800 words.

Section –A(10 Marks)

1. Explain the role of statistics in Actuarial science.

2. 2.State the objectives of classification.
3. What is standard deviation? Explain its important properties? What is variance?
4. What are the measures of skewness?
5. Define Karl Pearson’s coefficient of correlation
6. Write down any 3 properties of correlation?
7. Elucidate the properties of Spearman’s Rank Correlation.
8. Define regression.
9. Write any three differences between correlation and regression.
10. Given the following lines of regression. 8X – 10Y + 66 = 0 and 40X – 18Y = 214. Find
the mean values of X and Y
 Section –B(20 Marks)
1. What do you understand by Qualitative variable and quantitative variables?
2. What are the precautions to be considered for tabulation of data?
3. A cyclist covers his first three kms at an average speed of 8 kmph. Another two kms
at 3 kmph and the last two kms at 2 kmph. Find the average speed for the entire
journey.
4. The value of Spearmen’s rank correlation coefficient for certain pairs of numbers of
observations , was found to be 2/3.The sum of squares of the differences between
corresponding ranks was 55. Find the number of pairs.

5. The following data relate to the test scores obtained by eight salesmen in an aptitude
test and their daily sales in thousands of rupees:

6. The value of Spearmen’s rank correlation coefficient for certain pairs of numbers of
observations , was found to be 2/3.The sum of squares of the differences between
corresponding ranks was 55. Find the number of pairs.
7. Explain briefly the application of regression analysis?