This document provides the details of an assignment for a Quantitative Analysis for Managerial Applications course. It includes 5 questions covering various topics in statistics such as methods for collecting, presenting, and interpreting data; calculating averages, variances, and common averages; using normal distributions to determine percentages above or below thresholds; applying a t-test to determine if differences in means are statistically significant; and defining concepts like types of errors, data types, correlation coefficients, probability sampling methods, and guidelines for choosing classes. Students are instructed to attempt all questions and submit their responses by April 30, 2019.
This document provides the details of an assignment for a Quantitative Analysis for Managerial Applications course. It includes 5 questions covering various topics in statistics such as methods for collecting, presenting, and interpreting data; calculating averages, variances, and common averages; using normal distributions to determine percentages above or below thresholds; applying a t-test to determine if differences in means are statistically significant; and defining concepts like types of errors, data types, correlation coefficients, probability sampling methods, and guidelines for choosing classes. Students are instructed to attempt all questions and submit their responses by April 30, 2019.
This document provides the details of an assignment for a Quantitative Analysis for Managerial Applications course. It includes 5 questions covering various topics in statistics such as methods for collecting, presenting, and interpreting data; calculating averages, variances, and common averages; using normal distributions to determine percentages above or below thresholds; applying a t-test to determine if differences in means are statistically significant; and defining concepts like types of errors, data types, correlation coefficients, probability sampling methods, and guidelines for choosing classes. Students are instructed to attempt all questions and submit their responses by April 30, 2019.
MS - 08: Quantitative Analysis for Managerial Applications
School of Management Studies
INDIRA GANDHI NATIONAL OPEN UNIVERSITY MAIDAN GARHI, NEW DELHI – 110 068 ASSIGNMENTS Course Code : MS 08 Course Title : Quantitative Analysis for Managerial Applications Assignment No. : MS-08/TMA/SEM-I/2019 Coverage : All Blocks Note : Attempt all the questions and submit this assignment on or before 30th April, 2019 to the coordinator of your study center. 1. “The field of statistics provides the methods for collecting, presenting and meaningfully interpreting the given data”. What are these methods? Explain them. 2. You are supplied the following data about height of boys and girls studying in a college. Boys Girls Number 72 38 Average height (inches) 68 61 Variance of distribution 9 4 You are required to find out: (a) In which sex, boys or girls, is there greater variability in individual heights. (b) Common average height in boys and girls. 3. In an aptitude test administered to 900 college students, the mean is 50 and the standard deviation is 20. Find:- (i) The number of students securing between 30 and 70. (ii) The number of students exceeding the score of 65. (iii) The value of the score exceeding by the top 90 students. 4. Strength tests carried out on samples of two yarns spun to the same count gave the following results:- No. in sample Sample mean Sample variance Yarn A 4 50 42 Yarn B 9 42 56 The strength are expressed in pounds. Does the difference in mean strengths indicate a real difference in the mean strengths of the yarns? Apply appropriate test and comment. 5. Write short notes on any three of the following:- (i) Type I and Type II error (ii) Primary Data vs Secondary Data (iii) Correlation Coefficient (iv) Probability Sampling Methods (v) Guidelines for choosing the classes.