Get Answers on www.smuHelp.

com
G
e
t

A
n
s
w
e
r
s

o
n

w
w
w
.
s
m
u
H
e
l
p
.
c
o
m



ASSIGNMENT
DRIVE FALL 2014
PROGRAM BBA
SEMESTER 1
SUBJECT CODE &
NAME
BBA104
QUANTITATIVE TECHNIQUES IN BUSINESS
BK ID B1500
CREDITS 2
MARKS 30

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400
words. Each question is followed by evaluation scheme.
Q.No Questions Marks Total
Marks
1 Statistics plays a vital role in almost every facet of human life. Discuss the characteristics of
Statistics. What is the importance of statistics in business and management?
Meaning of Statistics
Characteristics of Statistics
Importance of statistics in business and management
2
3
5
10
2 a. Differentiate between primary and secondary data.
b. Explain the concept of correlation and regression.
Differences between primary and secondary data
Concept of Correlation
Concept of Regression
4
3
3
10
3 Describe the meaning of Index numbers. Explain the different methods of construction of
index numbers.
Meaning of Index numbers
Methods of constructing Index numbers
2
8

10