SYMBIOSIS INTERNATIONAL (DEEMED UNIVERSITY)

(Established under Section 3 of the UGC Act, 1956 )

Re-accredited by NAAC with ’A' Grade (3.58/4) Awarded Category - I by UGC

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Institute: (0202)SYMBIOSIS INSTITUTE OF INTERNATIONAL BUSINESS, PUNE

Programme: (020242) MASTER OF BUSINESS ADMINISTRATION (AGRIBUSINESS)

Batch: 2017-19
Semester: III
Course: Business Analytics
Course Code: 0202420313

Date: 15/10/2018 Maximum Marks: 40

Day: Monday Time: 01:30 pm‘- 03:00 pm

Instructions:
• Question number 1 is compulsory and carries 20 marks
• Answer any two from the rest. Each question carries 10 marks
• Workings have to be stated clearly in the solution
• Use of calculators / scientific calculators allowed
• Round off answers to two decimals, wherever applicable.

Income in ' 000

Nos. Male Female

1 8 15
2 2 21
3 4 18
4 11 13
5 10 5
6 8 21
7 4 6
8 4 2
Questions

a What are the Gini coefficients of the salary of male and female workers? (l5Marl
b Which gender shows higher variability in its salary?
(5Marln
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Q2.a Consider a person with a current wealth of $100,000 who faces a 20% chance of losing his (5Marlu
automobile worth $25,000. The insurance company has asked for a premium of $5000. Suppose
also that the utility function is U(x) -- Ln(x)

i) What is the value of the perceived risk covered by the policy?

ii) What is the gain or loss on the policy?

b What is risk? Explain any three functions of risk. Also show their mathematical formulae (5MarU

Q3 A company has presented you the following data of its sales over the last 10 months. Its initial
forecast value was 208 units for the 1st month.

Months 1 2 3 4 5 6 “ '7 8 9 10
Sales 213 201 198 207 220 232 ,2'10 217 212 225
Estimate forecast values when the a value is 0.35, 0.55. Also predict the forecast for the 11* (l0Marb
month under both a values given above.

Q4 Short notes with application (Any two) (l0Marh

a Linear Regression in forecasting

b GINI coefficient
c Minmax decision making criteria
d Stem and Leaf diagram
e Probability and any three types of its estimations

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