MCO-022: QUANTITATIVE ANALYSIS & MANAGERIAL APPLICATION – 2022 (M.Com Second Semester)

Description

TUTOR MARKED ASSIGNMENT
Course Code : MCO-022
Course Title : QUANTITATIVE ANALYSIS & MANAGERIAL APPLICATION
Assignment Code : MCO-022/TMA/2022-23
Coverage : All Blocks
Maximum Marks : 100

Attempt all the questions.

Question 1. (a) Discuss some criteria where the probability associated with the associated outcome is not known.

(b) Explain the purpose and methods of classification of data giving suitable examples. (10+10)

Question 2. (a) What do you understand by time series analysis? How would you go about conducting such an analysis for forecasting the sales of a product in your firm?

(b) What is the practical utility of the central limit theorem in applied statistics? (10+10)

Question 3. Briefly comment on the following:

a) “Measuring variability is of great importance to advanced statistical analysis.”

b) “Opinion polls are a very common method of gaining knowledge about consumer tastes”.

c) “Probability theory provides us with the ways and means to attain the formal and precise expressions for uncertainties involved in different situations”.

d) “The primary purpose of correlation is to establish an association between any two random variables”. (4×5)

Question 4. Write short notes on the following:

a) Geometric Mean

b) Binomial Distribution

c) Rank correlation

d) Consideration in the choice of a forecasting method (4×5)

Question 5. Distinguish between the following:

a) Census and Sampling methods of data collections

b) One-tailed and Two-tailed tests of variance

c) Linear Regression and Non-Linear Regression

d) Type I and Type II Errors (4×5)

 

Validity:

These assignments are valid for two admission cycles (July 2022 and January 2023). Validity is given below:

1. Those who are enrolled in January 2023, it is valid upto June 2023 Term End Examination and you must submit assignment to the Coordinator of your study centre latest by 15th March 2023

2. Those who are enrolled in July 2023, it is valid upto December 2023 Term End Examination and you must submit assignment to the Coordinator of your study centre latest by 15th September 2023

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