BBA104 - Quantitative Techniques in Business

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Spring 2013

Bachelor of Business Administration - Semester 1

BBA 104: ‘Quantitative Techniques in Business’

(4 credits)

(Book ID: B1500)

ASSIGNMENT- Set 1

Marks 30

Note: Each Question carries 10 marks. Answer all the questions.

1. Define the term Statistics. Explain its functions and limitations with examples.

2. a. Explain the various measures of Dispersion.

b. The following data relate to the prices and quantities of 4 commodities in the year 2004 and 2005. Construct the following index numbers of price for the year 2005 by using 2004 as the base year.

a. Laspeyre’s Price Index

b. Fisher’s Ideal Index Method

Commodities	2004		2005
	Price	Quantity	Price	Quantity
A	5	100	6	150
B	4	80	5	100
C	2.5	60	5	72
D	12.0	30	9	33

3. What is statistical quality control? Discuss the various control charts.

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