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QM Assignment For Section-B

This document contains 15 quantitative methods questions covering various topics: - Frequency distribution, measures of central tendency including mean, median, mode and their properties. - Measures of dispersion including standard deviation, coefficient of variation. - Hypothesis testing, types of errors. - Sampling, types of sampling errors. - Questions calculating mean, median, standard deviation, quantiles from given data. - Questions on representing data in forms suitable for business reporting.

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22 views1 page

QM Assignment For Section-B

This document contains 15 quantitative methods questions covering various topics: - Frequency distribution, measures of central tendency including mean, median, mode and their properties. - Measures of dispersion including standard deviation, coefficient of variation. - Hypothesis testing, types of errors. - Sampling, types of sampling errors. - Questions calculating mean, median, standard deviation, quantiles from given data. - Questions on representing data in forms suitable for business reporting.

Uploaded by

sunru24
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Assignment of Quantitative Methods For Section B

Q1. What do you mean by frequency distribution? Why graphical representation is helpful in frequency
distribution?
Q2. Determine the Arithmetic Mean of salaries of staff members as shown in the following table:
Employees. No.
Monthly Salary (Rs.)

12000

14500

8500

13500

13500

17500

Q3. The distribution of Annual Revenues of 100 firms in a district is presented in following table. Find out the
Median and Mean of the Annual Revenue of firms:
Annual Revenue in
Less
More
2-4
4-6
6-8
8-10 10-12 12-14 14-16
Crores of Rs.
Than 2
Than 16
No. of Firms
10
15
20
30
8
5
4
3
5
Q4. Write a short note on coefficient of variation and on Kurtosis?
Q5. What are the properties of a good measure of central tendency? How many measures of central tendencies
are there? Annotate in brief the inherent merits and demerits that are common to every measures of central
tendency.
Q6. Find the median of the following data of the marks of 20 students:
21,
33,
37,
56,
47,
25,
33,
32,
36,
23,
26,
33,
37,
26,
37,
37,
Q7. Explain the advantages of quantitative methods in managerial decisions.

47,
43,

34,
45

Q8. Which average do you consider to be the best and why?


Q9. In the paper of quantitative methods five students obtained the following marks:
Roll No.
Marks

1
8

2
12

3
4

4
6

5
15

a. Compute the mean and the standard deviation of the marks.


b. Revise the marks of the students to obtain the mean at 50 and standard deviation at 20.
Q10. What is Hypothesis? Explain Type-I and Type-II errors in testing a hypothesis.
Q11. What do you mean by sampling? Discuss in detail the purpose of sampling? What are the various types of
errors & bias in sampling?
Q12. Calculate the appropriate measure of dispersion from the following data:
Wages (Rs./Week)

Less Than 35

35-37

38-40

41-43

Over 43

No. of Wage Earners

14

62

99

18

Q13. Find the median, Q1, D8, P65 from the following data:
Marks
No. of Students

0-10
4

10-30
12

30-50
20

50-80
8

80-90
4

90-100
2

Q14. The weights in kilograms of a group of workers are as follows:


173
165
171
175
188
183
177
160
151
169
162
179
145
171
175
168
158
186
182
162
154
180
164
166
157
Construct a frequency distribution for these data.
Q15. What are the three ways of representing data which can be consider as appropriate for inclusion in a
companys annual report and accounts? What are the advantages of these forms of data representation?

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