Mba semester 1 mb0040 statistics

What are the characteristics of an index number? Even when we wish to purchase a television, we like to know the price, quality, durability, and maintainability of various brands and models before buying one. Specifically, it tests the null hypothesis: Probability density function b.

Each question carries 10 Marks.

What is the probability that he get at least one? Your competitors also enter with their new products equivalent to your new product. Bring out the significance of moving average in analysing a time series and point out its limitations.

B Assignment Set- 2 60 Marks Note: Your company has launched a new product. Describe the Mba semester 1 mb0040 statistics methods you know to evaluate it and examine their relative merits. If, for instance, businesspeople envision an economic downturn, they can cut back on their inventories, production quotas, and hiring.

The data that describes the characteristics of the population is known as parameter. An index number is an economic data figure reflecting price or quantity compared with a standard or base value.

There are students, so the size of our sample space is Index number acts as a barometer for measuring the value of money. Computing the averages of the data sets is helpful for estimating the average of population.

Given the wide swings in economic activity and the drastic effects these fluctuations can have on profit margins, it is not surprising that business forecasting has emerged as one of the most important aspects of corporate planning. Give a brief description of each of the components.

List down various measures of central tendency and explain the difference between them? In the narrow sense, the objective of forecasting is to produce better forecasts.

Mb0040 – Statistics for Management

What are the characteristics of a good measure of central tendency? Decision making is a key part of our day-to-day life. If, on the contrary, an economic boom seems probable, those same businesspeople can take necessary measures to attain the maximum benefit from it.

Assignment Set -1 must be written within pages. But we can compare those two after computing the averages of individual data sets. The risks of these two errors are inversely related and determined by the level of significance and the power for the test.

Enumerate the factors which should be kept in mind for proper planning. Statistics play an important role in this aspect. The two categories of Statistics are descriptive statistics and inferential statistics.

Two research workers classified some people in income groups on the basis of sampling studies. Therefore, there is a need for them to depend more upon quantitative techniques like mathematical models, statistics, operations research and econometrics.

Present mass data in a concise form The mass data is condensed to make the data readable and to use it for further analysis. Plan a hypothesis test to check whether you are likely to have a half of market share. B Assignment Set- 1 60 Marks Note: When you do a hypothesis test, two types of errors are possible: Therefore, it is important to develop the ability to extract meaningful information from raw data to make better decisions.Master of Business Administration- MBA Semester 1.

MB – Statistics for Management - 4 Credits (Book ID: B) Assignment Set - 1 (60 Marks) Note: Assignment Set -1 must be written within pages.

Answer all questions. Q1.a. Explain the characteristics of Statistics. MBA SEMESTER 1 MB – STATISTICS FOR MANAGEMENT- 4 Credits (Book ID: B) Assignment Set- 1 (60 Marks) ===== Note: Each question carries 10 Marks. Jan 06,  · Master of Business Administration- MBA Semester 1. MB – Statistics for Management - 4 Credits (Book ID: B) Assignment Set - 1 (60 Marks) Master of Business Administration- MBA Semester 1.

MB – Statistics for Management - 4 Credits (Book ID: B). Master of Business Administration- MBA Semester 1. Reg No.: MB – Statistics for Management - 4 Credits Assignment Set- 1 (60 Marks) Q/5(1). Master of Business Administration - MBA Semester 1 Subject Code – MB Subject Name – STATISTICS FOR MANAGEMENT (Book ID: B) Assignment Set- 1 Q 1.

(a) ‘Statistics is the backbone of decision-making’. Answers Master of Business Administration- MBA Semester 1 MB - Statistics for Management Q1. A Explain the characteristics of statistics? B.

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Mba semester 1 mb0040 statistics
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