What is research problem?

Define the main issues which should receive the attention of the
researcher in formulating the research problem. Give suitable examples to elucidate your
points.

Distinguish between the following:-

i. Exploratory and formal studies
ii. Descriptive and causal studies
iii. Type I error and Type II error
iv. Rating and ranking scales
v. Likert and differential scales
vi. Sample frame and population
vii. Convenience and purposive sampling

Elaborate the steps of hypothesis testing.

To check the relationship between risk averse behavior of individual and probability of buying
insurance product, what type of statistical test can be used and why?

Explain in details the relationship between Type I and Type II errors with reference to hypothesis.

To check the relationship between stock price of a particular script with the Sensex, what type
of statistical test can be used and why?

Tom, Chief Production Manager, was on top of the world just two years ago. He was cited to be
the real backbone of the company, and his performance was responsible for the mergers the
institution was contemplating with other well-known global corporations. Of late though, the
products of the company had to be recalled several times owing to safety concerns. Quality
glitches and production delays also plagued the company. To project a good image to
consumers, Mr. Sachin developed a very reassuring web site and made sweeping changes in
the manufacturing processes to enhance the quality of the product, minimize defects, and
enhance the efficiency of the workers. A year after all these changes, the company continues to
recall defective products! Given this situation:
a) Define the problem
b) Evolve a theoretical framework
c) Develop four hypotheses.

An insurance company wants to analyze the behaviour of retail customers towards risk and
returns. Which of the following pieces of information is the least relevant and why?
a) Net worth of the individual (retail customer)
b) The compensation system for the sales force (employes) selling insurance products
c) State of the economy and business cycle
d) Upcoming Lok Sabha elections
e) Conservative Indian middle-class attitude

Dick, Chief Financial Officer (CFO), was on top of the world just two years ago. He was cited to
be the real backbone of the company, and his performance was responsible for the mergers the
institution was contemplating with other well-known global corporations. Of late though, the
products of the company had to be recalled several times owing to safety concerns. Quality
glitches and production delays also plagued the company. To project a good image to
consumers, Mr. Shekhar developed a very reassuring web site and made sweeping changes in
the manufacturing processes to enhance the quality of the product, minimize defects, and
enhance the efficiency of the workers. A year after all these changes, the company continues to
recall defective products! Given this situation:
a) Define the problem
b) Evolve a theoretical framework
c) Develop three hypotheses.

One of the biggest private sector banks wants to analyze the behavior of their management
trainees towards adoption of blockchain technology. Which of the following pieces of
information is the least relevant and why?
f) Turnover of the bank
g) The compensation system for the management trainees (employes) selling bnking
products
h) State of the economy and business cycle
i) Upcoming Lok Sabha elections

Which of the following organizations are likely to use business research? Why? How?
i) Insurance companies
ii) UPI companies like PayTM

What special problems do open ended questions have? How can these be minimized? In what
situations are open ended questions most useful? Elaborate giving examples.

Harry is a financial analyst. He wants to know whether the company brand name was dependent
on stock prices. So she compared the movement of two stocks (viz., Tata Motors and Reliance
Industries Ltd.). The responses indicate, 150 data points of Tata Motors and Reliance Industries
Ltd (RIL). Her responses indicate 71 respondents from Tata Motors and 79 respondents from
RIL
a) Construct a hypotheses based on the information available.
b) Write a regression equation based on the SPSS output given below.

Model Summaryb

Adjusted R Std. Error of the

Model R R Square Square Estimate

1 .737a .543 .540 .340

a. Predictors: (Constant), StockPrice

b. Dependent Variable: companyBrandName

ANOVAb

Model Sum of Squares df Mean Square F Sig.

 ANOVAb

1 Regression 20.293 1 20.293 175.639 .000a

Residual 17.100 148 .116

Total 37.393 149

a. Predictors: (Constant), StockPrice

b. Dependent Variable: companyBrandName

Coefficientsa

Standardized
Unstandardized Coefficients Coefficients

Model B Std. Error Beta t Sig.

1 (Constant) 1.142 .040 28.424 .000

StockPrice .000 .000 .737 13.253 .000

a. Dependent Variable: companyBrandName

Which of the following organizations are likely to use business research? Why? How?
1. Mutual Fund and Broking Houses
2. Automobile manufacturing company

Develop a questionnaire using measurement scales (Nominal, Ordinal, Interval and Ratio) to
evaluate technology acceptance of the employees working in the banks that are adopting
bolckchain technology.

Richel is a financial analyst. She wants to know whether the company brand name was
dependent on stock prices. So she compared the movement of two stocks (viz., Tata Motors
and Reliance Industries Ltd.). The responses indicate, 150 data points of Tata Motors and
Reliance Industries Ltd (RIL). Her responses indicate 71 respondents from Tata Motors and 79
respondents from RIL
a) Find out whether a company brand name is depending upon the stock prices.
b) Find out which company has better company brand name using the following
information.
 companyBrandName

Cumulative
Frequency Percent Valid Percent Percent

Valid 1 71 47.3 47.3 47.3

2 79 52.7 52.7 100.0

Total 150 100.0 100.0

Symmetric Measures

Asymp. Std.
Value Errora Approx. Tb Approx. Sig.

Interval by Interval Pearson's R .737 .023 13.253 .000c

Ordinal by Ordinal Spearman Correlation .866 .004 21.086 .000c

N of Valid Cases 150

a. Not assuming the null hypothesis.

b. Using the asymptotic standard error assuming the null hypothesis.

c. Based on normal approximation.

Descriptive Statistics

N Minimum Maximum Mean Std. Deviation

companyBrandName 150 1 2 1.53 .501

StockPrice 150 150 4561 1329.45 1274.794

Valid N (listwise) 150

Chi-Square Tests

Asymp. Sig. (2-

Value df sided)

Pearson Chi-Square 1.500E2a 20 .000

Likelihood Ratio 207.517 20 .000

Linear-by-Linear Association 80.862 1 .000

N of Valid Cases 150

a. 38 cells (90.5%) have expected count less than 5. The minimum

expected count is .47.
 Correlations

companyBrandN
ame StockPrice

Pearson Correlation companyBrandName 1.000 .737

StockPrice .737 1.000

Sig. (1-tailed) companyBrandName . .000

StockPrice .000 .

N companyBrandName 150 150

StockPrice 150 150