This

**preview**has**blurred**sections. Sign up to view the full version! View Full DocumentADL-07-Quantitative Techniques in
Management-AM3
Assignment - A
Question 1 How has quantitative analysis changed the current scenario in the management
world today?
Question 2 What are sampling techniques? Briefly explain the cluster sampling technique.
Question 3 What is the significance of Regression Analysis? How does it help a manager in
the decision making process?
Question 4 Explain the following terms in detail (give examples where necessary): -
a) Arithmetic mean
b) Harmonic mean
c) Geometric mean
d) Median
e) Mode
Question 5 Explain the classical approach to the probability theory. Also explain the
limitation of classical definition of probability.
Assignment - B
Question 1 Write a note on decision making in management. How one will take decision
under risk and uncertainty.
Question 2 The Mumbai Cricket Club, a professional club for the cricketers, has the player
who led the league in batting average for many years. Over the past ten years, Amod Kambali
has achieved a mean batting average of 54.50 runs with a standard deviation of 5.5 runs. This
year Amod played 25 matches and achieved an average of 48.80 runs only. Amod is
negotiating his contract with the club for the next year, and the salary he will be able to
obtain is highly dependent upon his ability to convince the team's owner that his batting
average this year was not significantly worse than in the previous years. The selection
committee of the club is willing to use a 0.01 significance level.
You are required to find out whether Amod's salary will be cut next year.
Question 3 The salaries paid to the managers of a company had a mean of Rs. 20,000 with a
standard deviation of Rs 3,000, What will be the mean and standard deviation if all the
salaries are increased by
1) 10%
2) 10% of existing mean
3) Which policy would you recommend if the management does not want to have
increased disparities of wages?
Case Study
Kushal Arora, a second year MBA student, is doing a study of companies going public for the
first time. He is curious to see whether or not there is a significant relationship between the
sizes of the offering (in crores of rupees) and the price per share after the issue. The data are
given below:
Size (in crore of rupees)
108
39
68.40
51
10.40
4.40

Price (in rupees)
12
13
19
12
6.50
4
Question
You are required to calculate the coefficient of correlation for the above data set and
comment what conclusion Kushal should draw from the sample.
Assignment - C
1.Which of the following is not correct about construction of bar charts?
(a). All bars should rise from the same base line
(b). Width of the bar should be proportional to the data represented
(c). The bars should be arranged from the left to right
(d). Length of the bars should be proportional to the data represented
2.Which of the following is not true about mean absolute deviation :-
(a). Mean deviation is obtained by calculating the absolute deviations of each observation
from mean
(b). Mean deviation is a more comprehensive measure compared to range

This is the end of the preview. Sign up to
access the rest of the document.