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# AMITY UNIVERSITY

MCTOM 10101- QUANTITATIVE APPLICATIONS IN MANAGEMENT Duration: 3 hours Attempt all questions. Use graphical representation wherever possible.
Q 1.A market survey conducted in four cities pertained to preference for brand A soap. The responses are shown below: Delhi Calcutta Chennai Mumbai Yes 45 55 60 50 No 35 45 35 45 No Opinion 5 5 5 5 a. What is the probability that a consumer selected at random preferred brand A? b. What is the probability that a consumer preferred brand A and was from Chennai? c. What is the probability a consumer preferred brand A given that he was from Chennai? d. Given that a consumer preferred brand A, what is the probability that he was from Mumbai? 12 Marks Q 2.Sales of major appliances vary with the new housing market: when new home sales are good, so are the sales of dishwashers, washing machines, driers and refrigerators. A trade association compiled the following historical data (in thousands of units) on major appliance sales and housing starts: Housing starts: 2.0 2.5 3.2 3.6 3.3 4.0 4.2 4.6 4.8 5.0 (thousands) Appliance sales: 5.0 5.5 6.0 7.0 7.2 7.7 8.4 9.0 9.7 10.0 (thousands) a. Develop an equation for the relationship between appliance sales (in thousands) and housing starts (in thousands) b. Interpret the slope of the regression line c. Compute and interpret the standard error of estimate 14 Marks Q 3.Jeff Richardson invested his life savings and began a part time carpet cleaning business in 1995. Since 1995, Jeffs reputation has spread and business has increased. The average number of homes he has cleaned per month each year are: 1995 96 97 98 99 00 01 02 03 04 05 6.4 11.3 14.7 18.4 19.6 25.7 32.5 48.7 55.4 75.7 94.3 (A) Fit a straight line trend to the data (B) Estimate the number of homes cleaned per month in 2006, 2007 and 2008.

Total Marks: 60

12 Marks Q 4.Nell Burman, owner of the Earthbred Bakery, said that the average weekly production level of her company was 11,398 loaves, and the variance was 49,729. If the data used to compute the results were collected for 32 weeks, during how many weeks was the production level (a.) below 11,175 (b.) above 11,844? 8 Marks OR Q 4(a) Discuss the properties and relationship between Normal, Binomial and Poisson Probability Distributions. (b) The diameter of a component produced on a semi-automatic machine is known to be distributed normally with a mean of 10 mm and standard deviation of 0.1 mm. If we pick up a random sample of size 5, what is the probability that the sample mean will be between 9.95 and 10.05 mm? 8 Marks Q 5(a) The owner of a pet shop is interested in building a new store. The owner will build if the average number of animals sold during the first six months of 1995 is at least 300 and the overall monthly average for the year is at least 285. The data for 1995 are as follows: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 234 216 195 400 315 274 302 291 275 300 375 450 What is the owners decision and why? (b) Discuss PERT and CPM in detail. Describe two situations where these network techniques can be applied. 14 Marks

AMITY UNIVERSITY
UTTAR PRADESH MBA-IB, I SEMESTER, SUPPLEMENTARY EXAMINATIONS QUANTITATIVE APPLICATIONS IN MANAGEMENT Duration: 3 hours Use graphical representation wherever possible. SECTION- A Attempt any four of the five questions 1. Discuss the properties and relationship between Normal, Binomial and Poisson Probability Distributions 2. The mean and standard deviation of a sample of size 10 were found to be 9.5 and 2.5 respectively. Later on, an additional observation became available. This was 15 and was included in the original sample. Find the mean and standard deviation of the 11 observations. 3. In a survey of 100 readers, it was found 40 read magazine A, 15 read magazine B and 10 read both. What is the probability of a person reading at least one of the magazines? 4. Obtain the regression equation from the data given below and plot the regression equation: X: 1 2 3 4 5 6 7 8 9 Y: 9 8 10 12 11 13 14 16 15 (4*6=24) Total Marks: 60

5. 500 units from a factory are inspected and 12 are found to be defective, 800 units from another factory are inspected and 12 are found to be defective. Can it be concluded at 5% level of significance that production at second factory is better than in first factory? SECTION B Attempt any two of the following three questions 1. In an examination of 675 candidates, the examiner supplied the following information: Marks obtained Less than 10% Less than 20% No. of candidates 7 39 Marks obtained Less than 50% Less than 60% No. of candidates 381 545 (2*10=20)

95 201

## Less than 70% Less than 80%

631 675

Calculate the mode and median of the percentage marks obtained. 2. a. Find the Correlation by Karl Pearsons method between the two kinds of assessment of postgraduate students performance (marks out of 100): Roll no of students: 1 2 Internal assessment:45 62 External assessment:39 48 b. Interpret its value. 3. Discuss PERT and CPM in detail. Describe two situations where these network techniques can be applied SECTION C Marks: 16 3 67 65 4 32 32 5 12 20 6 38 35 7 47 45 8 67 77 9 42 30 10 85 62

An instructor is interested in finding out how the number of students absent on a given day is related to the mean temperature that day. A random sample of ten days was used for the study. The following data indicates the number of students absent and the mean temperature for each day. Absents: 8 Temperature: 10 a. b. c. d. 7 20 5 25 4 30 2 40 3 45 5 50 6 55 8 59 9 60

Draw a scatter diagram of this data. Is the relationship between the variables linear or curvilinear What type of curve could be drawn from the given data? Determine the equation that best describes this data.