MB0040 STATISTICS FOR MANAGEMENT

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ASSIGNMENT
DRIVE

WINTER 2014
PROGRAM

MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2
SEMESTER

I
SUBJECT CODE & NAME

MB0040


STATISTICS FOR MANAGEMENT
BK ID

B1731
CREDITS

4
MARKS

60
Note:  Answer  all  questions.
Kindly  note  that  answers  for  10  marks  questions  should  be

approximately of 400 words. Each question is followed by evaluation scheme.

Q.No
Questions
Marks
Total Marks
1
Statistics plays a vital role in almost every facet of human life. Describe the functions

of Statistics. Explain the applications of statistics.







Meaning of statistics
2
10

Functions of statistics
4


Applications of statistics
4





2
a) Explain the approaches to define probability.



b) State the addition and multiplication rules of probability giving an example of each

case.







a)  Explanation of the approaches to define probability
5
10

b)  Addition and multiplication rules of probability giving an
5


example of each






3
a) The procedure of testing hypothesis requires a researcher to adopt several steps.

Describe in brief all such steps.



b) Explain the components of time series.







a)  Hypothesis testing procedure
5
10

b)  Components of time series
5





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4

a) What is a Chi-square test? Point out its applications. Under what conditions is this



test applicable?









b) Discuss the types of measurement scales with examples.







a)  Meaning, applications and conditions
4


10



b)  Types of measurement scales with examples
6













5

Business  forecasting  acquires  an  important  place  in  every  field  of  the  economy.



Explain the objectives and theories of Business forecasting.


















Meaning of Business forecasting


2


10



Objectives of Business forecasting


4






Theories of Business forecasting


4




















6

a) What is analysis of variance? What are the assumptions of this technique?




b) Three samples below have been obtained from normal populations with equal



variances. Test the hypothesis at 5% level that the population means are equal.














A

B

C
















8

7

12

















10

5

9

















7

10

13

















14

9

12

















11

9

14














[The table value of F at 5% level of significance for 1 = 2 and 2 = 12 is 3.88]














a)  Meaning and Assumptions


3


10



b)  Formulas/Calculation/Solution to the problem
7
















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