This document contains two questions regarding statistics concepts. Question 1a asks the applicant to calculate Spearman's rank correlation coefficient for sales aptitude and product knowledge test scores for 13 applicants and interpret the results. Question 1b provides quarterly share price data for companies A, B, and C from 2009 to 2015 and asks questions related to that data. Question 2a provides sales and advertising expenditure data for a company over 10 years that are highly correlated (0.8) and asks what advertising expenditure should be to increase sales to Rs. 80,000 based on the historical data.
This document contains two questions regarding statistics concepts. Question 1a asks the applicant to calculate Spearman's rank correlation coefficient for sales aptitude and product knowledge test scores for 13 applicants and interpret the results. Question 1b provides quarterly share price data for companies A, B, and C from 2009 to 2015 and asks questions related to that data. Question 2a provides sales and advertising expenditure data for a company over 10 years that are highly correlated (0.8) and asks what advertising expenditure should be to increase sales to Rs. 80,000 based on the historical data.
This document contains two questions regarding statistics concepts. Question 1a asks the applicant to calculate Spearman's rank correlation coefficient for sales aptitude and product knowledge test scores for 13 applicants and interpret the results. Question 1b provides quarterly share price data for companies A, B, and C from 2009 to 2015 and asks questions related to that data. Question 2a provides sales and advertising expenditure data for a company over 10 years that are highly correlated (0.8) and asks what advertising expenditure should be to increase sales to Rs. 80,000 based on the historical data.
(a) “Absolute rationality in decision making is an
illusion". Critically examine the with examples. Explain steps involved in the rational decision-making process? P.T.O. 1910 1910 started to show up at 10.00 AM only. Antara cannot understand what has happened but at the same time feels that she can't do much because the people are volunteers and she can't force them to come for the meetings on time. to patients quickly, lack of staff and an upcoming accreditation visit. Tara did not find time to complete the staffs annual performance evaluations. However, all nurses got a 6 percent salary increase. Tara was happy that they were adequately compensated for the increased workload and stress level. In terms of reinforcement theory, explain what is happening here and what advice would you give Antara to do to get the meetings started on (8) time? (b) Explain the factors influencing the perception? What are the biases which can affect perception? Examine with suitable organizational examples how a sound knowledge of perception helps a manager to manage people and situations. Seema had been performing very well and very few patient errors but for the past three months Tara had been noticing Seema's performance levels going down. She has been the one attending to patients and running around the most but now she has started arguing with her fellow nurses and physicians too. She is constantly complaining about being paid less and feels her opinions being ignored in organizing the nursing operations. How will you explain Seema's behavior in context of the process theories of motivation? (7) 5. (a) “Tara Sharma is the director of nursing services in a 300 bed private hospital. Seema a staff nurse had joined the hospital three years ago. She is married and has two children. (b) Write short notes on any two: (2x4=8) (i) Big 5 model The hospital has been seeing immense increase in patient traffic because a nearby hospital closed down. Tension on the nursing floors has been high due to the huge influx of patients, need to attend (ii) Bases of power P.T.O. 1910 (iii) Transformational vs Transactional leadership (iv) Transactional (800) [This question paper contains 10 printed pages.] Your Roll No... Sr. No. of Question Paper : 1911 Unique Paper Code : 61011104 Name of the Paper • Statistics for Business Decisions Name of the Course : Bachelor of Studies (BMS), 2018 (CBCS) Semester : I Duration ; 3 Hours Maximum Marks : 75 Instructions for Candidates 1. Write your Roll No. on the top immediately on receipt of this question paper. 2. Attempt any Five questions. 3. Use of simple calculator is allowed. 1. (a) An examination of 13 applicants for the post of Sales Executive was taken by a firm. From the marks obtained by the applicants in Sales Aptitude and Product Knowledge modules, compute the Spearman's Rank Correlation and interpret it: P.T.O. 1911 1911 Applicant 1 2 3 4 5 6 7 8 9 Sales Aptitude Test Score 23 20 19 21 18 2018 2018 Product Knowledge Test Score 24 19 22 18 20 22 20 22 20 10 11 12 13 17 23 16 19 23 20 17 (6) (b) The Shareholders Research Centre of India has recently conducted a -study on price behaviour of 3 leading industrial shares A, B and C for the period 2009 to 2015, the results of which are published as follows in a Quarterly Journal : 2. (a) The General Sales of an enterprise dealing in the sale of certain product is toying with the idea of increasing his sales to Rs. 80,000. On checking the records of sales during the last ten years, it was found that the annual sale proceeds and advertisement expenditure were highly correlated to the extent of 0.8. It was further noted that the annual average sale has been Rs. 45,000 and annual average advertisement expenditure Rs. 30,000, with a variance of Rs. 1,600 and Rs. 625 in sale and advertisement expenditure respectively. How much expenditure on advertisement would you suggest the General Sales Manager of the enterprise to incur to meet his target of sales? (6) Average Price Share S.D. (in Rs) (in Rs) . Current Selling Price (in Rs) 36.00 A . 5.40 18.20 22.50 4.50 34.75 24.00 6.00 39.00