TECHNOCRATS INSTITUTE OF TECHNOLOGY – MBA, BHOPAL

MBA 1ST Sem

Batch 2023-2025
SUBJECT – Quantitative Methods
Code CP 102

Assignment 01

Unit 1 and Unit 2

1. State the application of statistics in different areas. How it is useful in managerial decision
making? What are the limitations of Statistics?
2. Define: Mean Median and Mode
3. Calculate Mean and Median for the following data
4. What are the different methods of Measure of Central tendency? Which measure is considered
best and why?
5. Write short note on: skewness and kurtosis
6. Why there is a need of creating frequency distribution? How many methods are there of
frequency distribution?
7. Enumerate the advantages of Diagrammatic and Graphical representation of data. How many
types of graphs are there? State there limitations.
8. What are the characteristics of a good measure of central tendency?
9. Write down the merits and demerits of Mean, Median and Mode.
10. What do you understand by Dispersion? What is the purpose of studying dispersion in respect to
a given data sets?
11. How many measures of dispersion are there? What is the need to study their coefficients?
explain the basic concept of skewness and kurtosis?