SUBJECT CODE & NAME
MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2
STATISTICS FOR MANAGEMENT
Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.
Distinguish between Classification and Tabulation. Explain the structure and
components of a Table with an example.
Meaning of Classification and Tabulation
Differences between Classification and Tabulation
Structure and Components of a Table with an example
a) Describe the characteristics of Normal probability distribution.
b) In a sample of 120 workers in a factory, the mean and standard deviation of wages were Rs. 11.35 and Rs.3.03 respectively. Find the percentage of workers getting wages between Rs.9 and Rs.17 in the whole factory assuming that the wages are normally distributed. Characteristics of Normal probability distribution
Formula/Computation/Solution to the problem
a) The procedure of testing hypothesis requires a researcher to adopt several steps.
Describe in brief all such steps.
b) Distinguish between:
i. Stratified random sampling and Systematic sampling ii. Judgement sampling and Convenience sampling
Hypothesis testing procedure
a) What is regression analysis? How does it differ from correlation analysis?
b) Calculate Karl Pearson’s coefficient of correlation between X series and Y series.
Meaning of Regression and Correlation
Formula/ Computation/ Solution to the problem
Briefly explain the methods and theories of Business forecasting.
Meaning of Business