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IN D IA N IN S T IT U T E 0 1 M A N A G R M E N T L U C K N O W ,

N O lD A C A M P Ł)$
l n te r n a tin n a ıPrngmınınc In M a n a ge m en t fo r ĺ . łt iv { s
x ec ı

ÏPM X ,
T E ı
(M ı

E m ıc c m t E x a n tı
n a llo n +
y ea r 2 0 ] 7 2 0 18
T im e A llo w e d 3 H rs
M a r M a r lw 8Q
Q u a n t it a tı
v e A p p llc a t ı
on s ı
n B u sı
n e ss ı
N o te U se o f c a ıc lłï a ¢o r n tï d te x t b o o k O f s ta tis tic s is p e r n łı
s s ib ı
e A lıq tłe $ tı
an s a re w m pw ł
s u ry ,

S e c tio n A
q t A c r u c ia f th e L o s A n g e ı
l ga m e o e s L a k e r s b a s k e tb a ıl te a m d e p e n d s o n th e h e a lth f d i
o w r )c e y
p la y e r A m ld in g to h is d o c to r s r e p o r t th e r e is a 4 0 %
c h a n c e th a t h e w ill b e f u ł
,
ly Jjt m p &a y , a
3 0 % c h a n c e th a t h e w iH b e s o n l e w h a t fit to la
p y , a n d a 3 0 % c h a n c e th a t h e w jjj n o t b e a dbı e t«» p ļ a y
a t a lï T h e c o a c h h a s e s tim a te d th e c h
a n c e s o f w in n in t 80 % if h l
g a t e p a y e r is fu ll fit 6 0 9 Q if l=
is s o m e w h a t fi a n d 4 0 % ir h e is u n a b le t y ,
o p la y
A ) W h a t is th e p r o b a b ilit th a t th e L a k
y e r s w ill w in th e
ga m e ?
B ) Y o u h a v e ju s t h e a r d th a t th e L a k
e r s w o n th e
g a m e W h a t is th e p r o b a b ility th a t d ıe k e y
p la y e r h a d b e e n fu lly fit to p la y in th e a m e ?
g 14 M a r k s ļ
Q 2 A n e c o n o m ic s t e s t is ta k e n b
y a la rg e g r o u p o f s tu d e n ts T h e te s t s c o r e s a r e n o r m a ll
li
i s tr ib u te d w ith m e a n 7 0 a n d th y
e p r o b a b ility th a t a r a n d o m l c h o s
,
y e n s tu d e n t r e c e iv e s a s e e r e le s s
d ıa tı8 5 is 0 9 3 3 2 F o u r s tu d e n ts a ıe c h
o s e n a t ra n d o m W h a t is th e p r o b a b ility th a t a t te a s t o $ıe o f
th c n ıs c o r e s n ıo r e th a n 8 0 o in ts o n th is t
t? p es
[6 t t ĺ $ ]
Q 3 A n iv a l tim e fo r c u s to m e rs a t a lib r a r y in fo rm a tio n d e s k c a n b e m o d e le d b m
d is tr ib u tio n w ith a
y expoiaĮ
m ean ar iv a ıt im e o f 5 m in u te s W h a t is th e b b ilit h
p r o a y t a t n o c u s to m e r w ill
a r r iv e a t th e in fo r m a tio n d e s k in n e x t 1 0 m in u te s ?
4 M a r la [ ]
4. n inv e s t or ha s de c i de d to f or m a p o r t fol
io b y pu t ting 25 % of hi s m o n e y ı
i ıto Mc D o n a l ď 6
s to c k a aıd 7 5 % in to C is c o S y s te m s s to c k T h e in v e s to r a s s u m e s th a t th
e e x p e c te d r e R im s w ill b e

y a n d 15 % , r e s p e c tiv e ly a n d th a t th e s ta n d a rd d e v ia tio n s w ill b

? ) F in d 1h c e x p e c te d r e tu r n o n th e
, e 12 % a n d 2 2 %
,
r e s p e c tiv e ly
p o r tfo lio 11 M a r k ıj
C o m p u te th c s ta n d a r d d e v ia tio n s o f th e returns o n th e o r tfo lio a s s u i
p m n g th a t
ıh ė c o e ffic ie n t o f c o ıT e la tio n is 0 5
[2 M a l lcs j
I C į Á fūci
:

. . : . N t, (a an d b ) fo r a le a s t s q u a r e s re g r e s s io n e q u a tio n a n d w ń te th e

14 M a rks ]

[3 ħla F k Jiï

tīiį

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o l» «
ı
A ïł C D E
85 75 65 12 5 75
ïï 90 78 66 13 2 78
T y p ïn ( ïïI 75 66 57 1 14 69
ıv 80 72 60 12 0 72
V 76 114 56 1 12 68

F in d th c sct o f a s s ig n m e n ts w ith sı llc s t p o s s ib le to ta


m ı lc o st [6 M a r k s]

Q 7 So ı
ve, Iı ıc rb ı
ıo w ın g ıJl l
ı ı
by ı
łlg M m e th o d
M tn Z = 6 0 x ı łr o x a
S t X 1 Ś 400
X 2 200
X ı 4 ×2 = 500
A ll v a r ia b le s 0 [6 M a r ks]

Q 8 ïs

IE A ï? »

30 L IE @
55 m ı r
qG l G 61 L G
a n o p tim a l s o lu tio n /a llo c a tio n o f th e tr a n s p o r ta tio n p r o b le m

II IH 2 l8
10 】2 团 i画团团国
If n o t, m o d ify it till y o u o b ta in th e o p tim a l s o lu tio n
[6 M a r ks]

Q9 A n rm p r o d u c e s tw o p r o d u c ts P a n d Q w h ic h ie ld a c o n tr ib u ti
y o n m a r g in
. o f Rs 200 an d R s
3 0 0 p e r u n it, r e s p e c tiv e ly T h e firr n h a s a lim ite d c a a c it in th e tw
p y o d e p a r tm en ts w h e r e th e s e
\ p r o d u c ts n e e d p r o c e s s in g T h e a v a ila b ility a n d r e u ir e m e n ts a r e iv e n b l q g e o w

:
:: į ;£
: :

: t
P r o c e s s in g tim e (h o u rs ) D a iı
y a v a iı
a b iı
ity (h o u rs )
D e p a r tm e ı
ıt Pro du ct ◆ P ro du ct Q
!ŝ ţ į $ii
.

4 2 45
II 4 4 70
W
ŜĴ

,: T he m Ėn a g e m en t o f th e fir m h a s s p e c ifie d th e fo llo w in g g o a ls

G oaı s "

P r lo r lty p i Produccï ł 】p r o d u c t m ix to m a k e a d a ily p fit o f a t le a s t R s 4 8 00


P r lo r lty P 2 P ro d u c e a t ı e a s t 15 in n its o f p ro d u c t Q
P r io r ity P 3 P r o d u c e a t le a s t 5 iıń its o f p io d u c t P

F o rm u la te m d s o lv e it a s a g o a l p ro g r u ıu n in g pr o b ı
em [8 m ar ks]

.ŻŞ

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