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ASSIGNMENT
DRIVE
PROGRAM
SEMESTER
SUBJECT CODE & NAME
BK ID
CREDIT & MARKS

SPRING 2016
MBA
I
MB 0040- Statistics for Management
B1731
4 CREDITS, 60 MARKS

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
1

Criteria

Marks

Total Marks

a. Descriptive Statistics

10

b.

Measurement Scales

c.

Editing of Data

Write Short notes on

a. Descriptive Statistics
b.

Measurement Scales

c.

Editing of Data

d. Frequency Distribution
e. bar diagram
A

d. Frequency Distribution

e. bar diagram

What do you mean by Probability?

Define following basic terminologies used in probability theory.
a. Experiment
b. Random experiment
c. Sample space
d. Equally likely events
e. Event
f.

Mutually exclusive events

g. Exhaustive set of events

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h. Independent events

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Definition of Probability

a. Experiment

b. Random experiment

c. Sample space

d. Equally likely events

e. Event

f.

Mutually exclusive events

g. Exhaustive set of events

h. Independent events

10

Define Probability Distributions. State the assumptions and usage of Binomial Distribution
and Normal Distribution.
A

4
A

Probability distribution

Assumption and usage of Binomial Distribution

Assumption and usage of Normal Distribution

10

Write short notes on

a. Type I and Type II error
b. Level of Significance
c. Null Hypothesis
d. Twotailed Tests and Onetailed Tests
e. Test Statistics

a. Type I and Type II error

b. Level of Significance

c. Null Hypothesis

d. Twotailed Tests and Onetailed Tests

e. Test Statistics

10

Explain the concept of Chi-Square. Following table depicts the production in three shifts and
the number of defective goods that turned out in three weeks in an organization. Test at 5%
level of significance whether weeks and shifts are independent.
SHIFT

WEEK 1

WEEK 2

WEEK 3

15

20

II

20

10

20

III

25

15

20

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Chi Square concept

Numerical Solution

10

Case Study

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The following table give the weekly sales of black & colour cartridges by a computer
accessories store for the past 7 weeks.
Weekly Sales of Cartridges
Black Cartridges Colour Cartridges
Week

Sales

Week

Sales

60

67

50

57

70

47

60

50

50

60

55

70

45

60

Prepare a weekly forecast for the next 5 weeks for both types of cartridges. Justify the method
used.
A

Forecast for black cartridge and Forecast for white cartridge

Justify the methods used

10

*A-Answer
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

***********

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