Birla Institute of Technology & Science, Pilani

Work-Integrated Learning Programmes Division

First Semester 2021-2022

Mid-Semester Test
(EC-2 Regular)

Course No. : MBA ZC417

Course Title : QUANTITATIVE METHODS
Nature of Exam : Open Book
Weightage : 35% No. of Pages =3
Duration : 2 Hours No. of Questions = 7
Date of Exam : Saturday, 25/09/2021 (AN)
Note:
1. Please follow all the Instructions to Candidates given on the cover page of the answer book.
2. All parts of a question should be answered consecutively. Each answer should start from a fresh page.
3. Assumptions made if any, should be stated clearly at the beginning of your answer.

Q1. Explain important similarities and differences between the following, give an example and make
chart(s)- (Screenshots are not acceptable) [2.5 + 2.5 = 5]
a. Normal distribution and t distribution, and
b. Box plot and Histogram.

Q2. Deposits at the end of Aug’21 in two zonal branches of QM bank are given in the tables below.
Draw a well-labeled and neat chart(s) (approximate will be ok) and explain the differences in the
deposits in terms of average, variation, and skewness. (Calculations can be avoided. Screenshots
of any software are not acceptable). [2 + 3 = 5]

Bank branch-West Zone Bank branch-South Zone

Amount Frequency Amount Frequency
< 2 lakhs 15 < 2 lakhs 1
2-5 lakhs 35 2-5 lakhs 5
5-8 lakhs 20 5-8 lakhs 6
8-11 lakhs 10 8-11 lakhs 8
11-14 lakhs 8 11-14 lakhs 10
14-17 lakhs 6 14-17 lakhs 20
17-20 lakhs 5 17-20 lakhs 35
> 20 lakhs 1 > 20 lakhs 15
Total 100 Total 100
Q3. Average time spent by the guests at QM Resorts is 12 days with standard deviation of 4 days. What
is the probability that a guest selected at random will stay a) less than 8 days, b) between 7 to 10
days, and c) more than 13 days? Assume Normal distribution. (Show every step and show all
calculations. Use appropriate table from the textbook or use MS Excel. If MS Excel is used,
then mention the correct Excel function used. Screenshots of any software are not
acceptable). [5]

Q4. The probability that a candidate gets selected for Commando training is 2%. What is the probability
that from a group of 3 friends, a) 2 friends get selected, and b) all 3 friends get selected? Also,
make a probability tree and show every relevant detail on the tree. (Show every step and show all
calculations. Use appropriate table from the textbook or use MS Excel. If MS Excel is used,
then mention the correct Excel function used. Screenshots of any software are not
acceptable). [5]

Q5. QM Mobiles, a manufacturer of mobile handsets, gets batteries from MNC Batteries Ltd. MNC
Batteries has two manufacturing plants, located in South Korea and Japan. Past records show that
2% of the batteries supplied by the South Korean plant are defective and that 3% of the batteries
supplied by the Japanese plant are defective. MNC supplies 80% of the requirements of mobile
manufacturers from its South Korean plant and remaining 20% from its Japanese plant. (Show
every step and show all calculations. If MS Excel is used, then mention the correct Excel
function used. Screenshots of any software are not acceptable). [5]

a. If a battery selected by QM Mobiles at random turns out to be defective, what is the

probability that it was supplied from the Japanese plant?
b. If a battery selected by QM Mobiles at random turns out to be of good quality, what is the
probability that it was from the Korean plant?
c. Draw a neat probability tree(s)/network(s) and show all probabilities and conditional
probabilities.

Q6. A manufacturer of Washing machines plans to introduce entry-level new models to boost its sales.
The company has hired two independent market research firms, MR-A and MR-B, to estimate the
proportion of households that currently use washing machines.

MR-A conducted the survey of 400 households and it found 20% percent of the households currently
use washing machines. MR-B conducted the survey of 600 households and it found that 18% of the
households currently use washing machines. (Show every step and show calculations. Use
appropriate table from the textbook or use MS Excel.. If MS Excel is used, then mention the
correct Excel function used. Screenshots of any software are not acceptable).

a. Develop 95% confidence intervals for the two surveys.

b. Explain the reason for difference in the results of two surveys. [5]
Q7. The details of the patients treated by CoughOrCold clinic is given in the table below. (Write the
formulas and show all calculations. If MS Excel is used, then mention the correct Excel
function used. Screenshots of any software are not acceptable). [5]

Patient no Gender Cause

1 Female Cold
2 Female Cough
3 Male Cold
4 Female Cold
5 Female Cold
6 Male Cough
7 Female Cold
8 Female Cold
9 Female Cold
10 Male Cough
11 Female Cold
12 Male Cold
13 Female Cold
14 Female Cold
15 Female Cough
16 Female Cough
17 Female Cold
18 Female Cold
19 Female Cough
20 Female Cold
21 Male Cold

a. Make neat contingency tables and show on the tables the joint probabilities, marginal
probabilities, and conditional probabilities.
b. If a female patient is selected at random, what is the probability that she had cold?
c. If a patient is selected at random, what is the probability that the patients was a male and he
had cough.

***