.
Question 1: [4 marks]
In an Automotive Research Association of India (ARAI) sponsored study, a random survey was done on 215 people owning petrol-driven small cars in Bangalore who had purchased their cars within the last one year. Details about the observed mileage were collected from the owners. Using the survey results, the mean was found to be 11.25 km/litre and the standard deviation was found to be 2.63 km/litre. The total number of petrol-driven small cars that were sold in Bangalore in the last one year is expected to be roughly 5500. Construct a 95% confidence interval for the average mileage of the above mentioned car population in Bangalore. Question 2: [4 marks]

The tollway management company managing the elevated flyover on Hosur Road in Bangalore is interested in knowing the proportion of Electronics City employees who actually take the elevated flyover. The company would like to be 98% certain in estimating this proportion, while it would like this proportion estimate to be within plus or minus 0.03. What is the minimum sample size that the company should use for surveying the driving route preferences of Electronics City employees in order to achieve the above desired level of precision in the proportion estimate? Question 3: [4 marks]

Two research laboratories have independently produced drugs that provide relief to arthritis sufferers. The first drug was tested on a group of 90 arthritis sufferers and produced an average of 8.5 hours of relief, and a sample standard deviation of 1.8 hours. The second drug was tested on 80 arthritis sufferers, producing an average of 7.9 hours of relief, and a sample standard deviation of 2.1 hours. At the 0.05 level of significance, does the second drug provide a significantly shorter period of relief? Question 4: [3 marks]

...Quantitative Techniques/Operations Research
Successful managers use quantitative techniques in decision making when:
1. The problem is complex.
2. The problem involves many variables.
3. There are data which describe the decision environment.
4. There are data which describe the value or utility of the different possible alternatives.
5. The goals of the decision maker or the organization can be described in...

...
Quantitative Techniques in Management
Assignment A
1. From the following data calculate the missing the missing frequency.
No. of
tablets
4-8 8-12 12-16 16-20 20-24 24-28 28-32 32-36 36-40
No. of
Persons
Cured
11 13 16 14? 9 17 6 4
The average number of tablets to curve fever was 19.9.
Solution:
No. of tablets
Mid point
No. of persons cured
Product
4-8
6
11
66
8-12
10
13
130
12-16
14
16
224
16-20
18
14
252
20-24
22
x
22x
24-28
28-32
26
30...

...QTM Quiz 4
Set A
1. Out of a population of 60 people, the standard error comes to 1.65kg when calculating their average weight using sampling with replacement and 1.61 when using sampling without replacement. What is the sample size and standard deviation of the population? (4)
N=60
With replacement, S.E. =
Without replacement, S.E. = = 1.61
Thus, FPC = (N-n)/(N-1) =
Thus, 60-n = 56.174
Thus, n = 3.8 or 4 approx.
2. When calculating the average income of the...

...NTITATIVE MGNT
QUANTITATIVE APPLICATIONS IN MANAGEMENT
Course Code: MIB 105 Credit Units: 03
Course Objective:
The objective of this course is to develop the understanding of the various statistical models, used for decisions making in the functions of the management of any organization with respect to International Business. To equip the students with tools and techniques for application of concepts to real life problems for efficient...

...64
Academy of Management Perspectives
August
Hidden Costs Associated with Stakeholders in
Supply Management
by Christine M. Wright, Michael E. Smith, and Brian G. Wright
Executive Overview
Many businesses fail to recognize the strategic importance of sourcing decisions. Companies often focus on
the price and quality of goods provided to them, but it is easy to overlook the social and environmental
standards of suppliers. Those who do may find...

...GM03
Quantitative Techniques for Managers
Assignment No.I
Assignment Code: 2011GM03A1 Last Date of Submission: 31st March 2011
Maximum Marks:100
Attempt all the questions. All the questions are compulsory and carry equal marks.
Section-A
Ques.1 In a certain examination there were 100 candidates of whom 21 failed, 6 secured distinctions, 43 were placed in third division and 18 in the second division. It is known that at least 75%...

...Question :
What’s the probability that an individual, selected at random, will score below the mean on any normally distributed characteristic?
Student Answer:
p = 0
p = .1
p = .5
p = 1.0
Instructor Explanation:
Found in section 3.1, A Primer in Probability.
Points Received:
1 of 1
Comments:
Question 2.
Question :
Turning raw scores into z scores does not ____________.
Student Answer:
allow for scores from...

...H 1 Due on Feb 3 in class
1. Dello is a world-class PC company. Management believes that they understand their products and customers better than any outsourcing company; therefore Dello should provide customer service in-house. Ideally, Dello’s customer service department wants to handle all the customer phone calls. During peak hours, however, Dello receives so many customer calls that they ask an outsourcing company, Telemate, to help handle incoming calls. Dello’s...

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