Academic Task Number: III Course Code: QTT201

Date of allotment: 29 -11-2023 Course Title: BUSINESS MATHEMATICS AND STATISTICS - 1

Date of submission: 07 - 12 - 2023 Maximum Marks: 30
Academic Task Type: Assignment II

Instructions:
1. Student should submit assignment via UMS .
2. Student should submit hard copy as well
3. Assignment must be manually written on A4 size paper
4. Assignment must be scan clearly and upload as pdf file
5. No assignment will be accepted after due date
6. No assignment will be accepted without cover page
7. No queries will be entertained after 5-12-2023

Question Statement Course Bloom’s Marks

Outcome level
Find two appropriate bivariate data sets to perform a comparative analysis. The dataset
should contain at least 20 observations
1. Compute Karl Pearson’s coefficient of correlation
2. Compute Spearman’s rank correlation
3. Briefly interpret the outcome by comparing the coefficient of correlation of the CO3
datasets. Some suggested data sources are as under: L3
CO4
RBI- www.rbi.in/publications L4 25
CO5
UNCTAD- https://unctad.org/statistics
MOSPI- https://www.mospi.gov.in/
WHO- https://www.who.int/data
World Bank- https://data.worldbank.org/
(This is a tentative list of data sources and apart from these databases student can obtain the data from other databases also).

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 Rubric as per Academic Task’s
Category Sub-Category Marks
Identification and 1. Identification of appropriate time-series data from relevant source (1 Mark)
3 Marks
Presentation of Data 2. Presentation of data using appropriate table heading, captions, source (2 Marks)
Application of 1. Computation of Karl Pearson’s coefficient of correlation (3 x 5)
2. Computation of Spearman’s rank correlation
Statistical Tool 15 Marks
3. Computation of Spearman’s rank correlation using correction factor
Interpretation of 1. Comparing coefficient of correlation of the datasets (2 Marks)
7 Marks
Outcome 2. Interpretation of the results with appropriate justification (5 Marks)
1. https://www.linkedin.com/learning/comptia-data-plus-da0-001-cert-prep-domain-3-
0-data-analysis/data-analysis?u=104956452
2. https://www.linkedin.com/learning/statistics-foundations-4-advanced-topics/the-
LinkedIn Learning 5 Marks*
power-of-advanced-statistics?u=104956452
3. https://www.linkedin.com/learning/learning-excel-2021/print-or-share-a-
worksheet?u=104956452
*(attached all the three certificates = 5 Marks; only 2 certificates = 3 marks; only 1 certificate = 1 mark)

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 Needs Improvement
Parameters Excellent (100 - 80%) Good (79 - 60%) Satisfactory (59 - 40%) (39 - 20%) Poor (19 - 0%)
Identified appropriate
Selection and Identified and presented business data. But fail to
Presentation of appropriate business data Identified appropriate Identified appropriate present the data using
appropriate business data using appropriate column business data but minor business data. But lack appropriate table and Absent or
(3 Marks) and table heading. errors in presentation clarity in presentation column heading. irrelevant.
Demonstrates limited or
Demonstrates an excellent Utilizes the statistical Uses the statistical tool flawed use of the Fails to use the
and skilful use of the tool effectively, though competently but may have statistical tool, affecting statistical tool
Use of the Statistical Tool statistical tool to address some aspects may lack minor errors or the accuracy of the appropriately or
(15 Marks) the problem. precision. inconsistencies. solution. accurately.

Offers a solid
Interpretation of the Provides a deep and interpretation of the Presents an interpretation Interpretation is weak or No meaningful
Outcome insightful interpretation of result, though some of the result, but it may lacks clarity, making it interpretation of
the result in the context of insights may be surface- lack depth or thorough challenging to understand the result
(7 Marks) the problem. level. analysis. the implications. provided.

Important Note: If two students use same data both will be awarded zero mark. Ensure that your data sources are
appropriately cited and that you use acceptable statistical notation in your computations.

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