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Course: Master of Business Administration
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Q&A of Ignou Mba MS-08 Solved Assignment 2023 - Quantitative Analysis for Managerial Applications
Q. A car is purchased for Rs. 80,000. Depreciation is calculated at 5% per annum for the first 3 years and 10% per annum for the next 3 years. Find the money value of the car after a period of 6 years.
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Q. "Whether to use primary data or secondary data depends on several factors." Explain, in view of the statement, the various factors affecting the choice of data.
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Q. A multiple choice quiz has 200 questions, each with 4 possible answers, out of which only one is correct. What is the probability (using normal approximation to binomial distribution) that sheer guesswork yields 25 to 30 correct answers for 80 problems (out of 200 problems) about which the student has no knowledge?
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Q. What do you understand by sampling? What are the two types of sampling? Name them. Explain in brief any one type of sampling.
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5. "Time series analysis is one of the most powerful methods in use, especially for short-term forecasting purposes." Comment on the statement.
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Product Details: MS-08 Solved Assignment 2023 - Quantitative Analysis for Managerial Applications
Course: IGNOU MBA (Master of Business Administration)
Session: Jan - June 2023 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 2023 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........
