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NMIMS Global Access

 

School for Continuing Education (NGA-SCE)

 

Course: Decision Science

 

Internal Assignment Applicable for September 2022 Examination

 

 

Assignment Marks: 30

 

Instructions:

 

All Questions carry equal marks. All Questions are compulsory

 

All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far as possible.

 

All answers to be written individually. Discussion and group work is not advisable.

 

Students are free to refer to any books/reference material/website/internet for attempting their assignments, but are not allowed to copy the matter as it is from the source of reference.

 

Students should write the assignment in their own words. Copying of assignments from other students is not allowed.

 

Students should follow the following parameter for answering the assignment questions.

 

 

 

For Theoretical Answer

Assessment Parameter	Weightage
Introduction	20%
Concepts and Application	60%
related to the question
Conclusion	20%

 

 

 

For Numerical Answer

Assessment Parameter	Weightage
Understanding and usage	20%
of the formula
Procedure / Steps	60%
Correct Answer &	20%
Interpretation

 

 

 

 

1.    Avantika Mattoo working as an analyst in reputed pharmaceutical company wants to invest her money in stocks. Her friends having expertise in stock market investments, suggested her to invest money into ‘Reliance’ and ‘Maruti’ shares. Avantika’s economist friend Niharika Dhar said there could be four different scenarios pertaining to the return

 

NMIMS Global Access

 

School for Continuing Education (NGA-SCE)

 

Course: Decision Science

 

Internal Assignment Applicable for September 2022 Examination

 

 

on Avantika’s investments. The figures of return on investment as per four different scenarios presented in the table below.

 

Payoff
(profit
within	one
month	on
one  unit	of
share	in
INR)		Scenario 1	Scenario 2	Scenario 3	Scenario 4
Reliance
Industry ltd.		55	43	29	15
Maruti		26	38	43	51

 

 

 

1)  Set up the opportunity loss table.

 

2)   Draw the decision tree (Note: You may use any software for making tree diagram, but snapshot of handwritten tree will be unacceptable)

 

3)   According to Niharika’s latest research, she has assigned the following probabilities to

 

the four scenarios (states of nature), determine the EMV decision; P(s1) = 0.4 P(s2) = 0.1 P(s3) = 0.3 P(s4) = 0.2.

 

(Note: Do mention the decision based on the analysis clearly in few sentences.)

 

(10 Marks)

 

2.    From the following data, check the correlation of ‘Migrants person’ (Migration form

 

Urban areas of J & K to another urban areas of J &K) with the below given variables. Write your conclusion with respect to the correlation coefficient and Scatter Diagram.

 

NMIMS Global Access

 

School for Continuing Education (NGA-SCE)

 

Course: Decision Science

 

Internal Assignment Applicable for September 2022 Examination

 

 

Draw the scatter plot (you may use EXCEL, SPSS, Python, R etc.)

 

Perform the correlation for the following pairs of variables

 

Migrant person numbers V/s ‘Number of Factory/Workshop/Work shed etc.’

 

Migrant person number V/s ‘Number of commercial establishments’

 

Migrant person number V/s ‘Number of towns’

 

Migrant person number V/s ‘Population per sq. km.’

 

 

 

(Note: no need to calculate correlation coefficient manually, use EXCEL formula, or any other software)

 

(Note regarding the data access: You can copy the data from this pdf document and paste it into your EXCEL workbook; you may have to work on alignment if it is distorted in Excel.)

 

Data for the analysis

 

Districts	Migrant	Number of	Number	of	Number	of	Population
	person	Factory/	commercial		towns		per sq. km.
	numbers	Workshop/	establishments
		Workshed
		etc.
Kupwara	2667	188	6571		10		2212
Badgam	5370	273	5552		9		1996
Leh(Ladakh)	2621	176	3898		3		1902
Kargil	650	61	1711		1		7635
Punch	2038	67	3605		3		1604
Rajouri	4011	236	4656		4		2390
Kathua	11306	504	6952		6		2079
Baramula	19382	663	12171		7		2871
Bandipore	4866	156	3258		3		1317
Srinagar	94844	3575	47986		5		4141
Ganderbal	3041	231	2418		3		1852
Pulwama	7939	257	4885		5		2087

 

NMIMS Global Access

 

School for Continuing Education (NGA-SCE)

 

Course: Decision Science

 

Internal Assignment Applicable for September 2022 Examination

 

Shupiyan	1700	30	1673	1	3007
Anantnag	13545	919	14079	12	2880
Kulgam	2621	243	3902	7	1619
Doda	2297	76	3016	2	1655
Ramban	1171	41	1768	3	783
Kishtwar	569	45	1765	1	23595
Udhampur	10873	549	6795	6	2475
Reasi	2085	28	3677	5	692
Jammu	139422	2410	46539	20	3034
Samba	5349	685	5162	6	1383

Source: Census of India.

 

(10 Marks)

 

3.   a. The number of customers who enter a ‘German’ supermarket-Gandhinagar each hour is ‘normally’ distributed with a mean of 600 and a standard deviation of 200. The supermarket is open 16 hours per day. What is the probability that the total number of customers who enter the supermarket in one day is greater than 10,000?

 

(Note: Show the stepwise calculation and write the interpretation based on the final answer)

 

(5 Marks)

 

3.  b. Shree Ganga Taploo University bookstore claims that 50% of its customers are satisfied with the service and prices.

 

If this claim is true, what is the probability that in a random sample of 600 customers less than 45% are satisfied with services and price?

 

(Note: Show the stepwise calculation and write the interpretation based on the final answer)

 

(5 Marks)

 

 

Dear students, get latest Solved assignments by professionals.

Mail us at: help.mbaassignments@gmail.com

Call us at: 08263069601

NMIMS plagiarism proofed assignments available.