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MS-08 Solved Assignment

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  • Version: 2019 July - Dec

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Soft Copy: Yes
Downloadable File: Yes
University: IGNOU
Course: Master of Business Administration
File: PDF/ZIP Download

Q&A of Ignou Mba MS-08 Solved Assignment 2019 - Quantitative Analysis for Managerial Applications

Q. "Executives at all levels in business and industry came across the problem of making decision at every stage in their day-to-day activities". Explain the statement along with the advantages of quantitative approach to management.


Q. "A good measure of central tendency should possess certain properties". What are these properties. Name the various measures of central tendency. Explain any two of them in brief.


Q. What do you understand by the term correlation? Explain different types of association between variables. Also, explain how the study of correlation helps in forecasting demand of a product.


Q. In a University, 30% of the students doing a course in statistics use the book authored by A1 45% use the one authored by A2 and 25% use the one authored by A3. The proportion of students who learnt about each of these books through their teachers are: A1= 0.50, A2=0.30 and A3=0.20. One of the students selected at random revealed that he learnt about the book he is using through his teachers. Find the probability that the book used is authored by A2.

Answer. ........

5. Suppose two makes of electric bulbs A and B are tested and observed. Bulbs of make A exhibit mean life of 900 hrs. and standard deviation of 30 hrs. Those of make B show mean life of 860 hrs. and standard deviation of 20 hrs. Find the probability that the mean life based on a random sample of 40 bulbs of make A being, say, 28 hours less than the mean life of bulbs of make B based on a random sample of 30 bulbs.


Product Details: MS-08 Solved Assignment 2019 - Quantitative Analysis for Managerial Applications

Course: IGNOU MBA (Master of Business Administration)
Session: Jan - June 2019 or July - Dec

Old Sample Answers for Mba Ignou MS-08 Assignments

Q. Write a note on measures of central tendency.
Answer. Measures of central tendency are descriptive statistics that summarize the data with a single number that represents the most typical score within a set of data. We use measures of central tendency because we typically believe that most scores on a scale or responses to an item cluster around the typical or most common score or response in the data set. Consequently, a measure of central tendency is a convenient statistical tool for indicating the most typical score in a set of data. Selecting an appropriate measure of central tendency depends on the measurement scale used to represent a particular variable........... Measures of central tendency identify the middle or centre of a set of data. There are three types: Arithmetic average or mean - the total of items or scores in a set divided by the number of individual items in the set. It may give a distorted picture because of large items at either end of the scale. Median - the middle item in a range of items (often used in pay surveys when the arithmetic mean is likely to be distorted). Mode - the most commonly occurring item in a set of data......... Get Ignou Mba MS-08 Solved Assignment 2019 Jan - June or July - Dec ..... The following are the few requirements to be satisfied by an average or a measure of central tendency: It should be rigidly defined The definition of an average should be clear and rigid so that there must be uniformity in its interpretation by different decision-makers or investigators. There should not be any chance for applying discretion; rather it should be defined by an algebraic formula........

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