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    Management Programme: Ms-08: Quantitative Analysis For Managerial Applications

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    The document is an assignment for a quantitative analysis course covering various statistical concepts. It contains 4 questions - the first asks to calculate the mean, median and mode of production data; the second presents a probability problem involving customer dissatisfaction factors at a restaurant; the third deals with income data and finding the lowest value among the richest persons; and the fourth asks for short notes on goodness of fit tests, critical regions of tests, and exponential smoothing methods.

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    Management Programme: Ms-08: Quantitative Analysis For Managerial Applications

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    sourabh155647576
    10 views2 pages
    The document is an assignment for a quantitative analysis course covering various statistical concepts. It contains 4 questions - the first asks to calculate the mean, median and mode of production data; the second presents a probability problem involving customer dissatisfaction factors at a restaurant; the third deals with income data and finding the lowest value among the richest persons; and the fourth asks for short notes on goodness of fit tests, critical regions of tests, and exponential smoothing methods.

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    The document is an assignment for a quantitative analysis course covering various statistical concepts. It contains 4 questions - the first asks to calculate the mean, median and mode of production data; the second presents a probability problem involving customer dissatisfaction factors at a restaurant; the third deals with income data and finding the lowest value among the richest persons; and the fourth asks for short notes on goodness of fit tests, critical regions of tests, and exponential smoothing methods.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    10 views2 pages

    Management Programme: Ms-08: Quantitative Analysis For Managerial Applications

    Uploaded by

    sourabh155647576
    The document is an assignment for a quantitative analysis course covering various statistical concepts. It contains 4 questions - the first asks to calculate the mean, median and mode of production data; the second presents a probability problem involving customer dissatisfaction factors at a restaurant; the third deals with income data and finding the lowest value among the richest persons; and the fourth asks for short notes on goodness of fit tests, critical regions of tests, and exponential smoothing methods.

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    © All Rights Reserved
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    of 2

    MS-08

    Management Programme

    ASSIGNMENT
    FIRST SEMESTER
    2011

    MS-08: QUANTITATIVE ANALYSIS FOR


    MANAGERIAL APPLICATIONS

    School of Management Studies


    INDIRA GANDHI NATIONAL OPEN UNIVERSITY
    MAIDAN GARHI, NEW DELHI – 110 068
    ASSIGNMENTS

    Course Code : MS 08
    Course Title : Quantitative Analysis for Managerial Applications
    Assignment No. : 08/TMA-1/SEM-I/2011
    Coverage : All Blocks

    Note: Answer all the questions and send them to the Coordinator of the Study Centre you are
    attached with.

    1. Calculate the mean, median and mode from the following data relating to production of a steel
    mill for 60 days

    Production (in tons per


    21-22 23-24 25-26 27-28 29-30
    day)
    Number of days 7 13 22 10 8

    2. A restaurant is experiencing discontentment among its customers. It analyses that there are three
    factors responsible viz. food quality, service quality and interior décor. By conducting an
    analysis, it assesses the probabilities of discontentment with the three factors as 0.40, 0.35 and
    0.25 respectively. By conducting a survey among the customers, it also evaluated the
    probabilities of a customer going away discontented on account of these factors as 0.6, 0.8 and
    0.5, respectively. With this information, the restaurant wants to know that, if a customer is
    discontented, what are the probabilities that it is so due to food, service or interior décor?

    3. The monthly incomes of a group of 10,000 persons were found to be normally distributed with
    mean equal to 15,000 and standard deviation equal to 1000. What is the lowest income
    among the richest 250 persons?

    4. Write short notes on the following:

    a. Test of goodness of fit


    b. Critical Region of a test
    c. Exponential Smoothing Method

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