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MBT103

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56 views2 pages

MBT103

Mba notes

Uploaded by

pankajbhattbit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Sub Code: MBT 103 ROLL NO……………..……………..

Ist SEMESTER EXAMINATION, 2023 – 2024


Ist Year, MBA
QUANTITATIVE TECHNIQUES AND OPERATION RESEARCH

Duration: 3:00 hrs Max Marks: 70


Note: - Attempt all questions. All Questions carry equal marks. In case of any ambiguity or missing
data, the same may be assumed and state the assumption made in the answer.

Q 1. Answer any four parts of the following. 4x3.5=14


a) "Every average has its own peculiar characteristics. It is difficult to say which
average is the best." Explain with examples.
b) Differentiate between Median & Mode.
c) Explain the steps involved in North-West Corner Method.
d) Explain Type I and type II error.
e) Find out Mean and Mode from the following data:
Marks : 10-20 20-30 30-40 40-50 50-60
No. of students: 15 20 45 15 5
f) “Correlation and Regression are two sides of the same coin”. Explain.
Q 2. Answer any four parts of the following. 4x3.5=14
a) How to write equation of Least Square Method?
b) How Skewness is used to measure the normality of data?
c) Explain Bayes Theorem with example
d) For a given series, the mean is found to be 54.5. The median of the same series is
55. Find the mode
e) Define degeneracy in LPP.
f) There are three bags. Bag I contains 3 white and 5 black balls. Bag II has 5 white
and 7 black balls while bag III contains 9 white and 6 black balls. One white ball is
drawn from one of the bags. Find the probability that it is drawn from bag II?
Q 3. Answer any two parts of the following. 2x7=14
a) What are the different components of statistics? How is statistics used in everyday
life? Explain with suitable examples.
b) What effect does seasonal variability have on a time-series? What is the basis for
this variability for an economic time-series?
c) The data on price and quantity purchased relating to a commodity for 5 months is
given
below: Month : January February March April May
Prices(Rs): 10 10 11 12 12
Quantity(Kg): 5 6 4 3 3
Find the Karl Pearson's Coefficient of Correlation between prices and quantity and
comment on its sign and magnitude.
Q 4. Answer any two parts of the following. 2x7=14
a) What is a Hypothesis? Explain how Hypothesis Testing is useful to management?
b) Fit a straight line trend by the method of least squares to the following data: -
Year : 2012 2013 2014 2015 2016 2017
Sales of T.V. sets (in’000): 7 10 12 14 17 24
c) Find the S.D. of the following data: -
Age (in years): 4-6 6-8 8-10 10-12 12-14 14-16 16-18
No. of students: 30 90 120 150 80 60 20
Q 5. Answer any two parts of the following. 2x7=14
a) Solve the following LPP.
Max Z = 500x1 + 600x2 +1200x3
Subject to: 2x1 + 4x2 + 6x3 ≤160, 3x1 + 2x2 + 4x3 ≤120 Where x1 , x2 , x3 ≥ 0
b) Discuss briefly the importance of Operations Research in decision making
c) Describe sequence of steps in MODI method of solving a transportation problem

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