Birla Institute of Technology & Science, Pilani

Work-Integrated Learning Programmes Division

First Semester 2022-2023

Mid-Semester Test
(EC-2 Regular)

Course No. : MBA ZC417

Course Title : QUANTITATIVE METHODS
Nature of Exam : Open Book
Weightage : 35% No. of Pages =2
Duration : 2 Hours No. of Questions = 5
Date of Exam : Saturday, 24/09/2022 (AN)
Note:
1. Please follow all the Instructions to Candidates given on the cover page of the answer book.
2. All parts of a question should be answered consecutively. Each answer should start from a fresh page.
3. Assumptions made if any, should be stated clearly at the beginning of your answer.

Q.1 For the given data set representing the profit (in ,000) made by two stock brokers in last
10 days, Prepare the 5-point summary (min, Geometric mean, median, mean, Max) for
each trader. [5]
days 1 2 3 4 5 6 7 8 9 10
Broker 8 4
A 8 30 65 6 91 123 32 6 57 137
Broker 2 7 4
B 5 32 64 9 60 61 48 2 51 39

Q.2 For the following data set of two traders: [5]

days 1 2 3 4 5 6 7 8 9 10
Broker 8 4
A 8 30 65 6 91 123 32 6 57 137
Broker 2 7 4
B 5 32 64 9 60 61 48 2 51 39

(a) Which central tendency will best summarize the performance of the trader and
why? Find summary of the profit made by both the players using the central
tendency you chose.
(b) If you have to choose one trader investment purposes which one you will chose
based on the basis of consistency? Perform the required analysis and justify the
selection.

Q.3 The weekly demand of a TV showroom is following the normal distribution with average
number of TV sold is 100 units and it has also been found that 90% of time the demand is
lying less than 110 units. Using this information find the standard deviation of the
distribution. [5]
Q.4 Consider the experiment of rolling a pair of dice. Suppose that we are interested in the
sum of the face values showing on the dice. [10]

(a) How many sample points are possible?

(b) List the sample points.
(c) The dice should show even values more often than odd values. Do you agree with this
statement? Explain.

Q.5 The probability distribution for the random variable x follows [10]

X f(x)
20 .20
25 .15
30 .25
35 .40
(a) Is this probability distribution valid? Explain.
(b) What is the probability that x ‹ 30?
(c) What is the probability that x is less than or equal to 25?
(d) What is the probability that x is greater than 30?

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