Master of Business Administration- MBA Semester 1 MB0040 Statistics for Management - 4 Credits (Book ID: B1129) Assignment Set

t - 1 (60 Marks)

Note: Each question carries 10 Marks. Answer all the questions. Q1. What are the functions of Statistics? Distinguish between Primary data and Secondary data. \ Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal.Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources. Since organizations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. This view opens the opportunity to 'manage' oneself, a pre-requisite to attempting to manage others. Management operates through various functions, often classified as planning, organizing, staffing, leading/directing, controlling/monitoring and motivation.

Planning: Deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action. Organizing: (Implementation) making optimum use of the resources required to enable the successful carrying out of plans. Staffing: Job analysis, recruitment, and hiring for appropriate jobs. Leading/directing: Determining what needs to be done in a situation and getting people to do it. Controlling/monitoring: Checking progress against plans. Motivation: Motivation is also a kind of basic function of management, because without motivation, employees cannot work effectively. If motivation does not take place in an organization, then employees may not contribute to the other functions (which are usually set

by top-level management). Basic roles

Interpersonal: roles that involve coordination and interaction with employees.

Informational: roles that involve handling, sharing, and analyzing information.

Q2. Draw a histogram for the following distribution: Age No. of people 0-10 5 10-20 10 20-30 15 30-40 8 40-50 2

Q3. Find the median value of the following set of values: 45, 32, 31, 46, 40, 28, 27, 37, 36, 41.

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Q4. Calculate the standard deviation of the following data: Marks No. of students 78-80 3 80-82 15 82-84 26 84-86 23 86-88 9 88-90 4

Q5. An unbiased coin is tossed six times. What is the probability that the tosses will result in: (i) exactly two heads and (ii) at least five heads. Q6. Explain briefly the types of sampling

Master of Business Administration- MBA Semester 1 MB0040 Statistics for Management - 4 Credits (Book ID: B1129) Assignment Set - 2 (60 Marks)

Note: Each question carries 10 Marks. Answer all the questions. Q1. Explain the following terms with respect to Statistics: (i) Sample, (ii) Variable, (iii) Population.

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Q2. What are the types of classification of data? Q3. Find the (i) arithmetic mean and (ii) range of the following data: 15, 17, 22, 21, 19, 26, 20. Q4. Suppose two houses in a thousand catch fire in a year and there are 2000 houses in a village. What is the probability that: (i) none of the houses catch fire and (ii) At least one house catch fire? Q5. (i) What are the characteristics of Chi-square test? (ii) The data given in the below table shows the production in three shifts and the number of defective goods that turned out in three weeks. Test at 5% level of significance whether the weeks and shifts are independent Shift I II III Total 1st Week 15 20 25 60 2nd Week 5 10 15 30 3rd Week 20 20 20 60 Total 40 50 60 150