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Amity Center for eLearning

J-Block, Amity Campus


Sec-44, NOIDA (UP)
India 201303

ASSIGNMENTS

ADL-07 : QUANTITATIVE TECHNIQUES IN MANAGEMENT

Subject Name & Code : Quantitative Techniques in Management


Study Centre :
Permanent Enrollment Number (PEN):
Date :

ASSIGNMENT INSTRUCTION

a) Total weightage given to these assignments is 30%.


b) All assignments are to be completed in your own hand writing / typed.
c) All questions are required to be attempted.
d) Three assignments i.e. A, B & C are to be answered. Assignment A will carry
Five subjective questions (10 marks). Assignment B will carry three
subjective questions with a Case Study(10 marks) and Assignment C will
carry forty objective type questions(10 marks)
e) All the three assignments are to be completed by due dates (specified from time to
time) and mailed / given by hand or evaluation at the AsoDL office Noida, /your
Study Centre.
f) The evaluated assignments can be collected from your study centre/ASoDL Office
after six week. Thereafter these will be destroyed at the end of each semester.

Signature : _________________________
Signature : _________________________
Date : _________________________

() Tick mark in front of the assignments submitted

Assignment 'A' Assignment 'B' Assignment 'C'

Copyright © 2004. Amity.


ADL-07: Quantitative Techniques In Management

Assignment - A

Marks: 15

All Questions carry equal Marks


1. Define Quantitative Techniques. Name the two major divisions in which you can
divide these techniques. Explain the modus oprendii of each and give names of a few
techniques under each category.
2. a. Show for the following function f(x) = x + 1/x has its Min value greater that its
Max value.

b. An enquiry into the faculty budgets of middle class families gave the following
information given below.

Expenses on Food Clothing Fuel Rent Miscellaneous

%age of Expenditure 35 15 10 20 20

Price in 1999 (Rs.) 70 45 20 80 40


Price in 2000 (Rs.) 90 50 25 70 30
Compute the price index using

a. weighted A. M. of price relatives &


b. weighted G.M. Of price relatives
3. a. Calculate the Mean, Median and Standard Deviation of the following data

Wages Up to (Rs.) 15 30 45 60 75 90 105 120

No. of Workers 12 30 65 107 157 202 222 230

b. Also calculate
a. Coefficient of correlation
b. Interquartile Range (Q3-Q1)
c. Skewness

4. a. Two brands of tyres are tested with the following results.

Life (in thousands of Kms) Brand A Brand B


20-25 8 6
25-30 15 20
30-35 12 32
35-40 18 30
40-45 13 12
45-50 9 0

Which brand of tyre would you use on the fleet of trucks and why?

Copyright © 2004. Amity.


b. Answer the following questions.
1. The income of a person in a particular week is Rs.50 per day. Find mean deviation
of his income for the week.

2. The median and variance of a distribution are 35 & 2.56 per day. Find median and
variance if each observation is multiplied by 3.

3. The mode and standard deviation of a distribution are 55 and 4.33 respectively.
Find mode and standard deviation if 8 is added to each observation.

4. The mean and standard deviation of a distribution are 15 & w respectively. Find
mean and standard distribution if each observation is multiplied by 5.

5. a. Define the following Matrix with an example of each.

a. Row Matrix b. Column Matrix c. Zero or Null Matrix


d. Square Matrix e. Diagonal Matrix f. Scalar Matrix
g. Unit or Identity Matrix h. Upper Triangular Matrix i. Lower Triangular Matrix
j. Comparable Matrix k. Equal Matrix

5. b. Solve the following equations using MATRIX method.


-2x + y + 3z = 9
x+y+x =6
x-y+z =2

Assignment - B
Marks: 15
1. Two women customers are randomly selected in a super market and are asked to
taste 7 different types of juices and rank them in order of preference from 7(best) to
1(least desirable). The results are as follows.

Juices A B C D E F G

MANU 2 1 4 3 5 7 6

SONU 1 3 2 4 5 6 7

1. Calculate the Rank Correlation and Coefficient.


2. Is the relationship significant?

2. a. Fit a straight line trend by the method of least square to the following data.

Year Production
1991 240
1992 255
1993 225
1994 260
1995 280

b. Estimate the likely production for the year 2000.


c. When will the production be double that of year 1993?

Copyright © 2004. Amity.


3. a. The income of a group of 10,000 persons was found to be normally distributed with
mean Rs.750PM and standard deviation =Rs.50 show that of this group 95% had
income exceeding Rs.668 and only 5% had income exceeding RS.832.

b. In a locality, out of 5000 people residing, 1200 are above 30 years of age and 3000
are females. Out of the 1200 who are above 30, 200 are females. Suppose, after a
person is chosen you are told that the person is a female. What is the probability that
she is above 30 years of age?

Case Study (Compulsory)

For determining IQ of students, standard tests were conducted and scores recorded. The
recorded scores of 25 students are given below

Questions to be answered:

1. Arrange data into ordered array.

2. Construct grouped frequency distribution with suitable class intervals.

3. Compute for the data:


-Relative frequency
-Cumulative frequency (<) & Cumulative Relative Frequency (<)
-Cumulative frequency (>) & Cumulative Relative Frequency (>)

4. Construct for the data


a. A histogram
b. A frequency polygon
c. Cumulative relative ogive (<)
d. Cumulative relative ogive (>)

5. How many students have IQ <130 and How many students have IQ >= 130.

Copyright © 2004. Amity.


Assignment - C
Marks: 15

1. Quantitative Techniques facilitate classification and comparison of data


True / False

2. If the data is written down as collected it is called


a. Ordered Data
b. Raw Data
c. An Array

3. Any characteristic which can assume different values can be called a variable
True / False

4. A discrete variable can take


a. Only whole number values
b. An infinite number of values.

5. Number of children in a family is an example of


a. Continuous Variable
b. Discrete Variable

6. Heights of Models in a beauty contest is an example of


a. Continuous Variable
b. Discrete Variable

7. Rule determining the area is written as A = X2 where A is a function of Variable X.


Then A is called
a. Independent Variable
b. Dependent Variable

8. The Absolute Value of a real number is

True / False

9. If the revenue function is TR = 50Q – 0.5Q2


then Marginal Function MR = 50 – Q True / False

10. If the Total Cost Function TC = 500 + 300Q – 5Q2 Then Marginal Cost Function
MC=500-10Q True / False

11. Conditions for Local Maxima are


First order Function dy/dx = 0 Second Order Function d2y / dx 2 > 0 True / False

12. Conditions for local Minima are


First order Function dy/dx = 0 Second Order Function d2y / dx2 < 0 True / False
Copyright © 2004. Amity.
13. Derivative of product of two functions
d/dx(uv) = u d/dx (v) + v d/dx True / False

14. Derivative of loge, u


d/dx( loge u) = 1/u loge du/dx True / False

15. A matrix is an array of m x n numbers arranged in m-columns and n-rows True / False

16. A square matrix is one where number of rows = (number of colums)2 True / False

17. [4 1 2 7] is a
a. 4 x 1 matrix
b. 1 x 4 matrix

18.

Then A2 is called the TRANSPOSE OF A True / False

19. The INVERSE of the INVERSE MATRIX is the original matrix True / False

20. Measure of Central Tendency is a data set refers to the extent to whim tt1e observations
are scattered. True / False

21. The value of all observations in the data set is taken into account when we calculate
its mean True / False

22. If the curve of a certain distribution tails off towards the right end of the measuring scale on
tt1e horizontal axis the distribution is said to be positively skewed. True / False

23. Extreme values in a data have a strong effect upon the Mode True / False

24. If the value of mean = 35.4 and value of media = 35 the shape of the curve skewed is
“right” True / False

25. It gives equal weightage to all previous months


a. Exponential Smoothing
b. Moving Average
c. Weighted Average

26. The value most often repeated in a series of observations is called


a. Median
b. Mode
c. Mean

Copyright © 2004. Amity.


27. The difference between the largest and the smallest observations is called
a. Geometric Mean
b. the Range
c. the Mode

28. The middle most value in a series of observations arranged in an array is called.
a. Mode of the series
b. Median of the series

29. When the value of two variables move in the same direction, the correlation is said to be
positive. True / False

30. Value of correlation lies between


a. 0 to 1
b. -1 to 1

31. Kari Pearson's coefficient of correlation is given by

32. "Line of best fit” is determined by "Method of Least Squares" True / False

33. A decision tree is a graphic model of a decision process True / False

34. A time series is a set of observations taken at


a. Specified Intervals
b. Not necessary at equal intervals

35. Quartiles are those which divide the total data into
a. Four Equal parts
b. Ten Equal Parts
c. Hundred equal Parts

36. Regular variation include only seasonal variations True / False

37. Yearly data are independent of the effects of seasonal variations True / False

38. For index Numbers, base year should be a year of normalcy True / False

39. GM = SQ ROOT OF (AM* HM) True / False

40. Variances are additive True / False

Copyright © 2004. Amity.