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Quantitative Techniques Solved at HTTP
Quantitative Techniques Solved at HTTP
1. Distinguish between decision making under certainty and decision making under
uncertainty. Mention certain methods for solving decision problems under
uncertainty. Discuss how these methods can be applied to solve decision problems.
3. What are models? Discuss the role of models in decision-making. How can you
classify models on the basis of behavior characteristics?
4. What are matrices? How are determinants different from matrices? Discuss few
applications of matrices in business.
Section B
Write short notes on any ten of the following:
(a) Concept of Maxima and Minima
(b) Types of classification of data
(c) Pascal Distribution
(d) Multi-stage sampling & Multi-phase sampling
(e) Box-Jenkins Models for Time Series
(f) Determinant of a Square Matrix
(g) Primary and Secondary Data