USN 18MBA204

SECOND SEMESTER MBA INTERNAL ASESSMENT QUIZ -1 MARCH 2019-20

QUANTITATIVE TECHNIQUES
Time: 25 minutes Max. Marks: 25

Part A: Three marks each

1. In a survey of 5 cement companies, the profit earned during a year was 15, 20, 10, 35,
and 32. Find the arithmetic mean of the profit earned.
a. 20
b. 32
c. 22.4
d. 10
2. The rate of increase in population of a country during the last three decades is 5%, 8%
and 12%. Find the average rate of growth during the last three decades.
a. 8%
b. 5%
c. 12%
d. 8.2%
3. Calculate the median of the following dat that relates to the service time(in minutes) per
customer for 7 customers at a railway reservation counter:
3.5, 4.5, 3.0, 3.8, 5.0 ,5.5, 4.0
a. 5.0
b. 5.5
c. 3.8
d. 4.0

4. What is the range of the following sales figures

80 82 82 84 84 86 86 88 88 90 90 92

a. 12

b. 13

c. 14

d. 15.
5. What is the variance of the following distribution?

240 260 270 245 255 286 264

a. 206

b. 240

c. 260

d. 270

Part B: Five marks each.

6. Obtain rank correlation coefficient between the variable x and y from the following pairs of
observed values.

X 50 55 65 50 55 60 50 65 70 75
y 110 110 115 125 140 115 130 120 115 160
a. 0.845
b. 0.155
c. 0.134
d. 0.084

7. Use least square regression line to estimate the increase in sales revenue expected from an
increase of 7.5 percent in advertising expenditure.

Annual percentage increase in advertising Annual percentage increase in sales

expenditure revenue.
1 1
3 2
4 2
6 4
8 6
9 8
11 8
14 9
a. 0.072
b. 0.704
c. 0.124
d. 0.004