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    Mba Zc417 Ec-2r First Sem 2022-2023 Revised Paper

    Uploaded by

    Ravi Kavi
    This document contains instructions for a mid-semester quantitative methods test being administered to MBA students. The test contains 5 questions assessing students' abilities to: [1] calculate 5-point summaries for profit data from two stock brokers; [2] determine the best measure of central tendency to summarize trader performance and justify which trader would be best for investment; [3] calculate standard deviation given normal distribution parameters; [4] analyze probabilities related to rolling dice; and [5] calculate probabilities using a given probability distribution. The test has a duration of 2 hours and is worth 35% of the course grade.

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    Mba Zc417 Ec-2r First Sem 2022-2023 Revised Paper

    Uploaded by

    Ravi Kavi
    20 views2 pages
    This document contains instructions for a mid-semester quantitative methods test being administered to MBA students. The test contains 5 questions assessing students' abilities to: [1] calculate 5-point summaries for profit data from two stock brokers; [2] determine the best measure of central tendency to summarize trader performance and justify which trader would be best for investment; [3] calculate standard deviation given normal distribution parameters; [4] analyze probabilities related to rolling dice; and [5] calculate probabilities using a given probability distribution. The test has a duration of 2 hours and is worth 35% of the course grade.

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    This document contains instructions for a mid-semester quantitative methods test being administered to MBA students. The test contains 5 questions assessing students' abilities to: [1] calculate 5-point summaries for profit data from two stock brokers; [2] determine the best measure of central tendency to summarize trader performance and justify which trader would be best for investment; [3] calculate standard deviation given normal distribution parameters; [4] analyze probabilities related to rolling dice; and [5] calculate probabilities using a given probability distribution. The test has a duration of 2 hours and is worth 35% of the course grade.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    20 views2 pages

    Mba Zc417 Ec-2r First Sem 2022-2023 Revised Paper

    Uploaded by

    Ravi Kavi
    This document contains instructions for a mid-semester quantitative methods test being administered to MBA students. The test contains 5 questions assessing students' abilities to: [1] calculate 5-point summaries for profit data from two stock brokers; [2] determine the best measure of central tendency to summarize trader performance and justify which trader would be best for investment; [3] calculate standard deviation given normal distribution parameters; [4] analyze probabilities related to rolling dice; and [5] calculate probabilities using a given probability distribution. The test has a duration of 2 hours and is worth 35% of the course grade.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Birla Institute of Technology & Science, Pilani

    Work-Integrated Learning Programmes Division


    First Semester 2022-2023

    Mid-Semester Test
    (EC-2 Regular)

    Course No. : MBA ZC417


    Course Title : QUANTITATIVE METHODS
    Nature of Exam : Open Book
    Weightage : 35% No. of Pages =2
    Duration : 2 Hours No. of Questions = 5
    Date of Exam : Saturday, 24/09/2022 (AN)
    Note:
    1. Please follow all the Instructions to Candidates given on the cover page of the answer book.
    2. All parts of a question should be answered consecutively. Each answer should start from a fresh page.
    3. Assumptions made if any, should be stated clearly at the beginning of your answer.

    Q.1 For the given data set representing the profit (in ,000) made by two stock brokers in last
    10 days, Prepare the 5-point summary (min, Geometric mean, median, mean, Max) for
    each trader. [5]
    days 1 2 3 4 5 6 7 8 9 10
    Broker 8 4
    A 8 30 65 6 91 123 32 6 57 137
    Broker 2 7 4
    B 5 32 64 9 60 61 48 2 51 39

    Q.2 For the following data set of two traders: [5]


    days 1 2 3 4 5 6 7 8 9 10
    Broker 8 4
    A 8 30 65 6 91 123 32 6 57 137
    Broker 2 7 4
    B 5 32 64 9 60 61 48 2 51 39

    (a) Which central tendency will best summarize the performance of the trader and
    why? Find summary of the profit made by both the players using the central
    tendency you chose.
    (b) If you have to choose one trader investment purposes which one you will chose
    based on the basis of consistency? Perform the required analysis and justify the
    selection.

    Q.3 The weekly demand of a TV showroom is following the normal distribution with average
    number of TV sold is 100 units and it has also been found that 90% of time the demand is
    lying less than 110 units. Using this information find the standard deviation of the
    distribution. [5]
    Q.4 Consider the experiment of rolling a pair of dice. Suppose that we are interested in the
    sum of the face values showing on the dice. [10]

    (a) How many sample points are possible?


    (b) List the sample points.
    (c) The dice should show even values more often than odd values. Do you agree with this
    statement? Explain.

    Q.5 The probability distribution for the random variable x follows [10]

    X f(x)
    20 .20
    25 .15
    30 .25
    35 .40
    (a) Is this probability distribution valid? Explain.
    (b) What is the probability that x ‹ 30?
    (c) What is the probability that x is less than or equal to 25?
    (d) What is the probability that x is greater than 30?

    ********

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