MASTER OF BUSINESS ADMINISTRATION (MBA) SEMESTER I
SESSION : JULY - AUG 2024
DMBA109 STATISTICS FOR MANAGEMENT
Assignment Set – 1
Q1. What are the functions and limitations of Statistics?
Answer:
Statistics helps in data collection, analysis, interpretation, and decision-making. However, its limitations include potential bias in data collection and the risk of misinterpreting results. Contact us to get full Answers
Q2. A clerk calculated arithmetic mean of 50 values as 39.2. However, it was found that instead of taking two values as 25 and 32, he took them as 52 and 23. Find the corrected arithmetic mean.
Answer:
The correct mean can be calculated by adjusting the incorrect values and recalculating the sum and mean. Contact us to get full Answers
Q3. Define Following Terms:Mutually exclusive, Events Independent Events
Answer:
Mutually Exclusive Events: Events that cannot occur simultaneously. Contact us to get full Answers
Assignment Set – 2
Q4. The data given below depicts the sales statistics of six sales representatives in two different localities. Find whether there is a relationship between the buying habits of the people in the localities.
Answer:
Cattell’s 16 Personality Factor Model (16PF) is a psychological framework used to understand human personality. Developed by Raymond Cattell, the model identifies 16 distinct personality traits that reflect individual differences. Contact us to get full Answers
Q5. Discuss the concept, objectives and assumptions of ANOVA.
Answer:
ANOVA (Analysis of Variance) tests the differences between group means and determines if any significant differences exist. The main objectives include comparing group means and testing hypotheses. Contact us to get full Answers
Q6. What are the components of time series? Bring out the significance of moving average in analyzing a time series and point out its limitations.
Answer:
The components of a time series include trend, seasonal variations, cyclic variations, and irregular fluctuations. Moving averages help smooth out fluctuations to identify trends but have limitations in capturing sharp changes or seasonal effects... Contact us to get full Answers
