Soft Copy: Yes
Downloadable File: Yes
Course: Master of Business Administration
Q&A of Ignou Mba MS-08 Solved Assignment 2017 - Quantitative Analysis for Managerial Applications
Q. The net incomes of a sample of large importers of antiques were organized into the following table:
Net income Number of
($ millions) Importers
2 up to 6 1
6 up to 10 4
10 up to 14 10
14 up to 18 3
18 up to 22 2
(a) What is the table called?
(b) Based on the distribution, what is the estimate of the arithmetic mean net income?
(c) Based on the distribution, what is the estimate of the standard deviation?
Q. The employees of Cartwright Manufacturing are awarded efficiency ratings based on such factors as monthly output, attitude, and attendance. The distribution of the ratings follows the normal probability distribution. The mean is 400, the standard deviation 50.
(a) What is the area under the normal curve between 400 and 482? Write this area in probability notation.
(b) What is the area under the normal curve for ratings greater than 482? Write this area in probability notation.
(c) Show the facets of this problem in a chart.
Q.Advertisements by Star Fitness Center claim that completing its course will result in losing weight. A random sample of eight recent participants showed the following weights before and after completing the course. At the .01 significance level, can we conclude that the students lost weight?
Name Before After
Himmat 155 154
Chandan 228 207
Mohan 141 147
Meera 162 157
Cimola 211 196
Peterson 164 150
Reddy 184 170
Prakash 172 165
(a) State the null hypothesis and the alternate hypothesis.
(b) What is the critical value of t?
(c) What is the computed value of t?
(d) Interpret the result. What is the p-value?
(e) What assumption needs to be made about the distribution of the differences?
Q. What is time series analysis? Decompose a time series into its various components and describe them.
Q. What is a random variable? How is it used to define a probability distribution? Make the probability distribution of “scores facing up” in a throw of two dice.
Product Details: MS-08 Solved Assignment 2017 - Quantitative Analysis for Managerial Applications
Course: IGNOU MBA (Master of Business Administration)
Session: Jan - June 2017
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 2017 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.........