DRIVE PROGRAM SEMESTER SUBJECT CODE & NAME BK ID CREDITS MARKS

ASSIGNMENT FALL 2013

MBADS / MBAHCSN3 / MBAN2 / PGDBAN2 / MBAFLEX

I MB0040 STATISTICS FOR MANAGEMENT B1731 4 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.
Criteria Marks Total Marks Q.No 1 A statistical survey is a scientific process of collection and analysis of numerical data.

Explain the stages of statistical survey. Describe the various methods for collecting data in a statistical survey. Meaning of statistical survey Stages of statistical survey (Listing and Explanation) Methods for collecting data
2

2 4 4

10

Analysis of daily wages of workers in two organisations A and B yielded the following results: Organisation A No. of workers Average daily wages (Rs) Variance 10 30 25 B 20 15 100

Obtain the average daily wages and the standard deviation of wages of all workers in the two organisations taken together. Which organisation is more equitable in regard to wages?

Formula and Computation of Combined Mean Formula and Computation of Combined Standard deviation Formula and Computation of Coefficient of Variation Interpretation
3

2 4 3 1

10

a. State the addition and multiplication rules of probability giving an example of each case. b. In a bolt factory machines A, B, C manufacture 25, 35 and 40 percent of the total output. Of their total output 5, 4 and 2 percent are defective respectively. A bolt is drawn at random and is found to be defective. What are the probabilities that it was manufactured by machines A, B and C? Stating the addition rule of probability and an example Stating the multiplication rule of probability and an example Applying Bayes theorem and calculating the probabilities
2 2 6 10

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. Meaning of Chi-square test Applications Conditions Types of measurement scales with examples
2 2 2 4 10

Explain the Components of Time series. Meaning of Time series Components of Time series
2 8 10

a. What is analysis of variance? What are the assumptions of the 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 8 10 7 14 11

B 7 5 10 9 9
1=

C 12 9 13 12 14 2 and
2=

[The table value of F at 5% level of significance for Meaning of Analysis of Variance Assumptions Formulas/Calculation/Solution to the problem

12 is 3.88]
2 1 7 10