Académique Documents
Professionnel Documents
Culture Documents
MB 0024
(3 credits)
Set 1
Marks 60
STATISTICS FOR MANAGEMENT
3. What do you understand by the multiple bar diagram? Prepare a multiple bar diagram from the
following data:
3. What do you understand by component bar diagram? Give an example of component bar
diagram. What is the difference between bar diagram and histogram? What do you understand by
frequency polygon? Give an example.
4. What do you understand by median? What are the merits and demerits of median as a measure
of central tendency? What do you mean by Mode? What are the merits of mode? What do you
mean by geometric as well as harmonic mean?
5. What do you understand by conditional probability? Describe the Baye’s Theorem. What are
the differences between Baye’s Probability as well as general conditional probability? What is
random variable?
6. What are the differences between the point estimate as well as the interval estimates? Describe
the different criteria for a good estimator. What so you understand by the confidence intervals?