AMITY SCHOOL OF DISTANCE LEARNING Post Box No. 503, Sector 44, Noida 201 303 ASSIGNMENT No. ADL07 Subject Name & Code : QUANTITATIVE TECHNIQUES Study Centre : NOIDA Enroll No. : 17070105327 Date : Course – MBA (EFT) IV Semester ASSIGNMENT INSTRUCTION (a) Total weightage given to these assignments is 30%. (b) All assignments are to be completed in your own hand writing. (c) All questions are required to be attempted. (d) Three assignments i.e A, B & C are to be answered. Assignments A will carry Five subjective questions (10 marks). Assignment B will carry three subjective questions with a (10 marks) and Assignment C will carry Forty objective type questions (10 marks) (e) All the three assignments are to be completed by due dates (specified from time to time) and mailed / given by hand for evaluation at the ASODL office Noida / your Study Centre. (f) The evaluated assignments can be collected from your study center / ASODL Office after Six week. Thereafter these will be destroyed at the end of each semester. Signature : Name : NIMIT GUPTA Date : --------------------------------------------------- () Tick mark in front of the assignments submitted Assignment “A” Assignment “B” Assignment “C”
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AMITY SCHOOL OF DISTANCE LEARNINGPost Box No. 503, Sector 44,
Noida 201 303
ASSIGNMENT No. ADL07
Subject Name & Code : QUANTITATIVE TECHNIQUESStudy Centre : NOIDA
Enroll No. : 17070105327
Date :
Course – MBA (EFT) IV Semester
ASSIGNMENT INSTRUCTION
(a) Total weightage given to these assignments is 30%.
(b) All assignments are to be completed in your own hand writing.
(c) All questions are required to be attempted.
(d) Three assignments i.e A, B & C are to be answered. Assignments A will
carry Five subjective questions (10 marks). Assignment B will carry
three subjective questions with a (10 marks) and Assignment C will
carry Forty objective type questions (10 marks)
(e) All the three assignments are to be completed by due dates (specified from
time to time) and mailed / given by hand for evaluation at the ASODL office
Noida / your Study Centre.
(f) The evaluated assignments can be collected from your study center / ASODL
Office after Six week. Thereafter these will be destroyed at the end of each
semester.
Signature :
Name : NIMIT GUPTA
Date : ---------------------------------------------------
() Tick mark in front of the assignments submitted
Assignment “A” Assignment “B” Assignment “C”
ASSIGNMENT – ‘A’
Q. 1 Define quantitative technique. Name the two major divisions in which you can divide these techniques. Explain the modus of operandi of each and give names of a few technique under each category.
Ans. Quantitative techniques attempts to provide a systematic & rational approach to the fundamental problems involved in the control of system by making decisions, a sense achieve the best results considering all the information that can be profitably used. Thus it is scientific method employed for problem solving & decision making by the management.
Quantitative analysis is now extended & several alias of business operation & responsibilities probably the most effective approach to handling of some types of decision problems. A significant benefit of attaining some degree of profiency with quantitative methods is exhibited in the way problems are formulated. A problem has to well defined before it can be formulated in a well structure framework for solution.
The 2 different divisions of quantitative techniques are:-
1) Business statistics2) Operative Research
BUSINESS STATISTICS
Statistical data & statistical method are of immense helping the proper understanding of the economic problem & in the formulations of economic policies as well as evaluating of their effect for example in order to check the overgrowing population, if emphasis has been placed on family planning methods one can ascertain statistically the efficiency of such methods in attaining the desired goals.
OPERATION RESEARCH
It is the application of scientific methods, technique & tools to problems involving the operation of system. So as to provide these in control of operation & optimum solution to the problem.The modus of operandi of each are:-
1. formulate the problem2. analyse the data & collection of data3. analyse the data
a. central tendencyi) meanii) medianiii) mode
b. Dispersioni) Standard deviationii) Mean deviationiii) Skewness
CORRELATION, REGRESSION ANALYSIS ETC.Testing
Hypothesis be it data & accurate to what extentInterpret the resultComplement the result
Q. 2 Show for the following function f(x) = x + has its minimum value
greater than its max. value.
Ans. f(x) = x +
Let y = f(x)
y = x +
Differentiating on both sides w.r.t. x
(1)
For Maximum & minimum
x2 = 1x = + 1
now find
Diff. (1) with respect to x on both sides.
for maximum
< 0
> 0
This is satisfied when x = 1Hence maximum value of x is
x +
= 1 + = 2
And minimum value of x is
x +
= 1 + = 1
for f(x) = x + minimum value is greater than minimum value.
Computer the price Index using(a) weighted A.M. of price relatives &(b) weighted G.M. of price relatives
A. weighted A.M. year 1999
% of expenditure (x) Price (1999) (w) wx
Food 35 70 2450
Clothing 15 45 675
Fuel 10 20 200
Rent 20 80 1600
Misc. 30 40 800
w = 255 wx = 5725
For the year 1999 A.M. =
weighted A.M. – year 2000(x)% of expenditure Price (2000)w wx
Food 35 90 3150
Clothing 15 50 750
Fuel 10 25 250
Rent 20 70 1400
Misc. 20 30 600
w = 265 wx = 6150
For the year 2000 A.M. =
= 23.20
B. Weighted G.M. Year 1999 x% of expenditure (x) Prices 1999 log x F log
Food 35 70 1.8451 64.
Clothing 15 45 1.6532 24.
Fuel 10 20 1.3010 13.0
Rent 20 80 1.9031 38.
Misc. 20 40 1.6021 32.09
G.M. = Antilog
= Antilog
= 52.84
weighted G.M. : Year 2000
x% of expenditure (x) Prices 2000 log x F log
Food 35 90 1.954 68.39
Clothing 15 50 1.6990 251.41
Fuel 10 25 1.3979 13.97
Rent 20 70 1.845 36.90
Misc. 20 30 1.477 29.50
x = 100 f log x =174.30
G.M. = Antilog
= Antilog
Q. 3A Calculate the mean, median & standard deviation of the following data:
Ans.
Wages No. of workers Mid values Fx
0 – 15 12 7.5 90
15 – 30 18 22.5 405
30 – 45 35 37.5 1312.5
45 – 60 42 52.5 2205
60 – 75 50 67.5 3375
75 – 90 45 82.5 3712.5
90 – 105 20 97.5 1950
105 – 120 08 112.5 900
Mean =
Median = 60 +
X F Fu U2 Fu2
7.5 12 4 48 16 192
22.5 18 3 54 09 162
37.5 35 2 70 4 140
52.5 42 1 42 1 42
67.5 50 0 0 0 0
82.5 45 1 45 1 45
97.5 20 2 40 4 80
112.5 08 3 24 9 72
Fu=105 fu2=733
C =
=
= 15 1.72
= 25.9Also calculate(a) Coefficient of correlation(b) Interquartile Range (Q3 – Q1)(c) Skewness
A) Coefficient of correlation
X y xy x2 y2
15 12 180 225 144
30 30 900 900 900
45 65 2925 2025 4225
60 107 6420 3600 11449
75 157 11775 5625 24649
90 202 18180 8100 40804
105 222 23310 11025 49284
120 230 27600 14400 52900
x=540 y=1025 xy=9120 x2=45900 y2=185399
Coefficient of correlation
R = xy
=
= 91290
=
= 0.978B. Interquartile Range (Q3 – Q1)
A. Quartile = < + j Pef ilf
For Q1, j = 1
N = 230 , = 57.5
This falls in the range of 3045.
< 30 + 57.5
= 4178for Q3, j = 3
N = 230,
Range 7590, < = 75, Pef = 157, j – 45
Q3 = 75 + 1725 157
= 80.166Interquartile Range= Q3 Q1
= 80.166 4178
= 38.386
C) Skewness
Skewness = mean
Mode = < + fm f I (2fm f 1 f2 h
f1 = 60, fm = 50, f1 = 42, f2 = 45, h = 15
Mode =
= 69.23
Skewness = 60.65
= 0.33
Q.4A Which of brand of tyre would you use on the fleet of trucks & why?
Ans.
Class Interval
Freq. Mid point
fd
0-25 08 22.5 2 1 32
25-30 15 27.5 1 15 13
30-35 12 32.5 0 0 0
35-40 18 37.5 1 18 18
40-45 13 42.5 2 26 52
45-50 9 47.5 3 27 81
N=75 fd=40 fd2=118
C =
=
= 7.67 (Brand A)
Brand B
Class Interval
Freq. Mid point
fd
0-25 06 22.5 2 12 24
25-30 20 27.5 1 20 20
30-35 32 32.5 0 0 0
35-40 30 37.5 1 30 30
40-45 12 42.5 2 24 48
45-50 0 47.5 3 0 0
fd=22 fd2=122
C =
=
= 5.412 (Brand B)Hence, Std. Deviation of Brand B isles than Brand A. It has a high degree of uniformity of observation as well as homogeneity of a series. So Brand B, of tyres would be a better choice.
B. Answer the following questions:1. The income of a person in a particular week is Rs.50 per day, find mean deviation of his income for the week.
Substituting back the value of u & v(y 255) = 3 + 8.5 (x 1993)
y 255 = 3 + 8.5 16940.4
[y = 8.5 16688.5]
b. Likely production for the year 2000y = 8.5 (2000) 16688.5
= 311.5
c. Double production that of year 19932(225) = 8.5x 16688.5
year 2016
Q. 3 a) The income of a group of 10,000 persons was found to be normally distributed with mean Rs.750 PM & standard deviation = Rs.50. Show that of this group 95% had income exceeding Rs.668 & only 5% had income exceeding Rs.832.
Ans. Standard Normal Price
2 =
Here x = 668, = 750, 6 = 50
2 = 668
= 1.64
Area to the right of the ordinate at 1.64 is
(0.4495 + 0.5000) = 0.9495 = 95%.The member of persons getting above Rs.832
= 832
= 1.64Area to the right of ordinate at 1.64 is (0.5000) 0.4495 = 0.0505
= 5.70 Approx.
Q.3 b) In a locality, out of 5000 people residing 1200 are above 30 years of age & 3000 are females out of the 1200 who are above 30,200 are females . Suppose after a person is chosen you are told that the person is a female. What’s the possibility that she is above 30 years of age.
Ans. 5000 people 3000 females above 30 years, 1200 people : 200 females choose one : femaleProbability that she’s above 30 eyars
19. The INVERSE of the INVERSE MATRIX is the original matrix. True / False
20. Measure of Central Tendency is a data set refers to the extent to which the observations are scattered. True / False
21. The value of all observations in the data set is taken into account when we calculate its mean. True / False
22. If the curve of a certain distribution tails off towards the right end of the measuring scale on the horizontal axis the distribution is said to be positively skewed. True / False
23. Extreme values in a data having a strong effect upon the Mode True / False
24. If the value of mean = 35.4 and value of media = 35 the shape of the curve skewed is “right”. True / False
25. If gives equal weightage to all previous monthsa. Exponential Smoothingb. Moving Averagec. Weighted Average
26. The value most often repeated in a series of observations is calleda. Median b. Mode c. Mean
27. The difference between the largest and the smallest observation is calleda. Geometric Mean b. The Range c. The Mode
28. The middle most value in a series of observations arranged in an array is calleda. Mode of the series b. Median of the series
29. When the value of two variables move in the same direction, the correlation is said to be positive. True / False
30. Value of correlation lies betweena. 0 to 1 b. 1 to 1
31. Kari Parson’s coefficient of correlation is given by
“r” =
32. “Line of best fit” is determined by “Method of Lease Squares”a. True b. False
33. A decision tree is a graphic model of a decision processa. True b. False
34. A time series is a set of observations taken ata. Specified Intervals b. Not necessary at equal intervals
35. Quartiles are those which divide the total data intoa. Four Equal Parts b. Ten Equal Parts c. Hundred equal parts
36. Regular variation include only seasonal variations True / False
37. Yearly data are independent of the effects of seasonal variations True / False
38. For index numbers, base year should be a year of normalcy True / False