SECTION A

1. Distinguish between decision making under certainty and decision making under uncertainty. Mention certain methods
Ior solving decision problems under uncertainty. Discuss how these methods can be applied to solve decision problems.
2. Use Cramer's rule Ior a 3 x 3 system oI linear equations to solve the Iollowing system:
2x - y 3z - 3 -x-y3z -6 X-2y-z-2
3. For the data given below, compute the quartile deviation.
Monthly wages (Rs.) No. oI workers
Below 850 12
850 - 900 16
900 - 950 39
950 - 1000 56
1000 - 1050 62
1050 - 1100 75
1100 - 1150 30
1150 and above 10
4. The members oI a bonsulting Iirm rent cars Irom three rental agencies : 60 Irom agency 1, 30 Irom agency 2 and
10 Irom agency 3. lI 9o/o oI the cars Irom agency 1 need a tune-up , 2Oo/0. oI the cars Irom agency 2 need a tune-up
and 6 oI the cars Irom agency 3 need a tune-up, what is the probability that a rental car delivered to the Iirm will need a
tune-up ?
5. To see whether silicon chip sales are independent oI where the US economy is in the business cycle, data have been
calculated on the weekly sales oI a Iirm and on whether the US economy was rising to a cycle peak, at a cycle peak,
Ialling to a cycle peak or at a cycle trough. The results are
Weekly chip sale
High Medium Low Total
Economy at peak 20 7 3 30
Economy at trough 30 40 30 100
Economy rising 20 8 2 30
Economy Ialling 30 5 5 40
Total 100 60 40 200
State the null hypothesis. At 0.10 signiIicance level, what is your conclusion ?(Given the tabulated value oI test statistic is
10.645)
6. Write short notes on any three oI the Iollowing :
(a) Concept oI Maxima and Minima (b) Types oI classiIication oI data
(c) Pascal Distribution (d) Multi-stage sampling & Multi-phase sampling
(e) Box-Jenkins Models Ior Time Series

SECTION B
7. In order to test whether marathon races are bad Ior health, a researcher took a random sample oI 400 runners who
participated in the Delhi halI-marathon and Iound that 13 oI them got sick in the two-week period aIter the marathon. In
a second sample oI 400 runners who did not participate in the marathon, only 3o/o were sick'in the same two-week period.
What would be the null hypothesis ? Find a 9oo/o conIidence interval Ior the percentage oI Delhi halI-marathon runners
who got sick in the two-weeks aIter the race.
8. A study by a roadways company on the eIIect oI bus-ticket prices on the number oI passengers produced the Iollowing
results:
Ticket price Rs. Passengers per 100 km
25 800
30 780
35 780
40 660
45 640
50 600
55 620
60 620
Develop the estimating equation that best describes the dala. Predict the number oI passengers per 100 miles iI the ticket
were Rs. 10.


MS-8: QUANTITATIV ANALYSIS FOR MANAGERIAL APPLICATIONS Time: 3 hour Maximum Marks: 100

SECTION-A
1. A car is purchased Ior Rs. 300,000. II the depreciation Ior the Iirst three years is at 10 per annum and Ior the next two
years is at 205 per annum, then calculate the depreciated value oI the car at the end oI Iive years.

2. Units A, B, C oI a Iactory manuIacture 25, 35, 40 respectively oI the total cars. Out oI their output, 5, 4, 2
deIective cars came Irom the unit A, B, C respectively. Using baye`s Theorem or otherwise, Iinds the probability that a
randomly selected car Iound deIective has come Irom the unit A.

3. Explain the term Random variable associated with an experiment. There aIter distinguish between discrete and
continuous probability distributions also mentioning two discrete and two continuous distributions.

4.Compute the Quartile Q3,Decile D5 Percentile P50 and interpret these values in lines 1-3 Ior the group data showing
proIits oI 100 companies in a year in the table given below: |15|
ProIit in lakh Rupees Number oI companies
20-30 20
30-40 10
40-50 15
50-60 15
60-70 40


5. Write short notes on any three oI the Iollowing topics:
(a) Primary Data (b) Arithmetic Mean and Median oI data
( c) Sample space associated with an experiment (d) Linear Iunction
(e) Sampling with and without replacement explaining them, mentioning their scope, drawing graphs and giving
examples wherever possible.
.


(b) SECTION-B
6. Using the method oI least squares Iind the regration equation oI Y on X Ior the data given in the Table below: |20|
X 1 2 3 4 5
y 5 7 9 10 11

And Irom the regression equation obtained, Iind the value oI y corresponding to x2.5.
7. Solve the system oI non-homogenous linear equation:
-x1x2232
31-x2x36
-x132434

SECTION A
1. Distinguish between probability and non-probability sampling. Elucidate the reasons Ior the use oI non-probability
sampling in many situations in spite oI its theoretical weaknesses.
2. The total cost, C(x), associated with producing and marketing x units oI an item is given by C(x) 0.005x
3
-
0.02xsup2 sup""~- 3ox 3000/sup2~
Find the total cost when output is 4 units and the marginal cost when output is 3 units.
3. Grades Ior 50 students Irom a previous MAT test are summarized below:

Find the sample mean, the sample variance and standard deviation Ior the grouped data.
4. The weight oI eggs produced by u certain type oI hen varies according to a distribution that is approximately normal
with mean 6'5 grams and standard deviation 5 grams.
(a) What is the probability that a randomly selected Irom such a hen weighs more than 11.5 grams
(b) What is the probability that the average oI a random sample oI 25 eggs Irom such hens will be less than 5.8 grams ?
5. An advertising Iirm is trying to determine the demographics Ior a new product. They have randomly selected 75 people
in each oI 5 diIIerent age-groups and introduced the product to them. The results are given below.
Age Group
Future activity 18-29 30-39 40-49 50-59 60-69
Purchase Irequently 12 18 17 22 32
Seldom purchase 18 25 29 24 30
Never purchase 45 32 29 29 13
State the null hypothesis. II level oI signiIicance is 0.01, should the null hypothesis be rejected ? (Given the tabulated
value oI test statistic is 20.090)
Class Frequency
40-50 4
50-60 6
60-70 10
70-80 15
80-90 10
90-100 5
6. Write short notes on any three oI the Iollowing:
(a) Determinant oI a Square Matrix (b) Primary and Secondary Data
(c) Bernoulli Process (d) The Student's t Distribution
(e) Use oI Auto-correlations in identiIying Time Series
SECTION B
7. Suppose that the length oI time (in hours) a Philips light bulb can stay ON beIore burning out is normally distributed
with mean p and standard deviation 10. 12 Philips bulbs are selected at random and are run until they burn out, recording
how long each one lasts. The mean oI these 12 bulbs is 709.5 hours. Philips claims that its bulbs have a mean liIetime oI
at least 718 hours. State in terms oI p the hypotheses you should test to investigate this claim. Compute a 980/o
conIidence interval Ior p.
8. A study by a roadways company on the eIIect oI bus-ticket prices on the number oI passengers produced the Iollowing
results :
Ticket price Rs. Passengers per 100 km
25 800
30 780
35 780
40 660
45 640
50 600
55 620
60 620
Develop the estimating equation that data. Predict the number oI passengers` ticket was Rs. 10. Best describes the per 100
km iI the ticket were Rs. 10.
SECTION A
1. What are models? Discuss the role oI models in decision-making. How can you classiIy models on the basis oI
behaviour characteristics?
2. In a Irequency distribution, the coeIIicient oI skewness (given by Bowley) based upon the quartiles is 0.6. II the sum oI
the upper and lower quartiles is 100 and median is 38, Iind the value oI the upper and lower quartiles.
3. X is a normal variate with mean 30 and standard deviation 5. Find the probabilities that
(i) 26_X_40 (ii) x_45
4. The means oI two single large samples oI 1000 and 2000 members are 67.5 inches and 68.0 inches respectively. Can
the samples be regarded as drawn Irom the same population oI standard deviation 2.5 inches ? (Test at 5 level oI
signiIicance)


5. The Iollowing table gives the number oI aircraIt accidents that occurred during the various days oI the week. Test
whether the accidents are uniIormly distributed over the week.
Days Mon Tue Wed Thurs Fri Sat
Accidents 14 18 12 11 15 14
Given the values oI test statistic signiIicant at 5, 6, 7 d.I. are respectively 11.07, 12.59 and 14.07 at the 5 level oI
signiIicance.
6. Write short notes on any three oI the Iollowing :
(a) Absolute value Iunction (b) Quantiles (c) Criteria oI pessimism in decision theory
(d) Cluster vs. Stratum (e) Moving average models
SECTION B
7. Two dice, one green and the other red are thrown. Let A be the event that the sum oI the points on the Iaces shown is
odd, and B the event oI at least one ace (number 1). Find the probabilities oI the events
(i) AuB (ii) AnB (iii) A u B (iv) (A u B) (v) Au(AnB)
8. The Iollowing is the heights oI Iathers (X), in inches and their sons (Y) :
X 65 66 67 67 68 69 70 72
Y 67 68 65 68 72 72 69 71
Obtain the equation oI the line oI regression oI X on Y. Also Iind estirnate oI X Ior Y 70.
SECTION A
1. What are matrices? How are determinants diIIerent Irom matrices ? Discuss Iew applications oI matrices in business.
2. An analysis oI daily wages paid to workers in two Iirms A and B belonging the same industry gives the Iollowing to
results :
Firm A Firm B
No. oI workers : 500 600
Average daily wage : Rs. 186/- Rs. 175/-
Variance oI
distribution oI wages :
81 100
(i) Which Iirm, A or B, has a larger wage bill ?
(ii) In which Iirm, A or B, is there greater variability in individual wages ?
(iii) Calculate the average daily wage oI all the workers In the Iirms A & B taken together.
3. II X is normally distributed and the mean oI X is 12 and standard deviation is 4, Iind out the probability oI the
Iollowing :
(i) x _ 20 (ii) x _ 20 (iii) 0_X_12

4. Random samples drawn Irom two countries gave the Iollowing data relating to the heights oI adult males :
Country A Country B
Mean height in inches 67.42 67.25
Standard deviation 2.58 2.50
Number in samples 1000 1200
Is the diIIerence between means level oI signiIicance.
5. The Iollowing Iigures show the distribution oI digits in numbers chosen at random Irom a telephone directory :

Digits Frequency Digits Frequency
0 1026 5 933
1 1107 6 1107
2 997 7 972
3 966 8 964
4 1075 9 853
Total 10,000
Test whether the digits rnay be taken to occur equally Irequently in the directory signiIicant
6. Write short notes on any three oI the Iollowing :
(a) Step Iunction (b) More than type ogive (c) Subjectivist's criterion in decision making
(d) Double sampling (e) Auto regressive models
Section B
7 . Two dice, one green and other red, are thrown. Let A be the event that the sum oI points on the Iaces shown is odd, and
B the event oI at least one ace (number 1).
Find the probabilities oI the events:
(i) AnB (ii) AnB (iii) An(AuB) (iv) A,B
8. The ranks oI same 16 students in Mathematics and Physics are as Iollows. Two numbers within brackets denote the
ranks oI the students in Mathematics and Physics.
(1, 1), (2, 10), (3, 3) , (4, 4), (5, 5) , (6, 7), (7, 2), (8, 6),(9, 8), (10, 11), (11, 15), (12, 9), (13 , 14), (14 , 12), (15, 16) (16,
13)
Calculate the rank correlation coeIIicient Ior proIiciencies oI this group in Mathematics and Physics.





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