MB0040 Statistics for Management
SUMMER-2015
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Master of Business Administration- MBA Semester 1
MB0040–Statistics for Management-4 Credits
(Book ID: B1731)
Assignment (60 Marks)
Note: Answer all questions (with 300 to 400 words each) must be written within 6-8 pages. Each Question carries 10 marks 6 X 10=60
Q1. 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
Answer. Meaning of Classification and Tabulation
Classification
According to Secrist, “Classification is the process of arranging data into sequences and groups according to their common characteristics or separating them into different but related parts”. According to Stockton and Clark, “The process of grouping large number of individual facts and observations, on the basis of similarity among the items is called Classification”.
Tabulation
Tabulation follows classification. It is a logical or systematic listing of related data in rows and columns. The row of
Q2. (a) Explain Arithmetic mean.
(b) The mean wage is Rs. 75 per day, SD wage is Rs. 5 per day for a group of 1000 workers and the same is Rs. 60 and Rs. 4.5 for the other group of 1500 workers. Find the mean and standard deviation for the entire group.
Answer. (a) Arithmetic mean: Arithmetic mean is defined as the sum of all values divided by number of values and is represented by X . Arithmetic mean is also called ‘average’. It is most commonly used measures of central tendency. Arithmetic Mean of a series is the value obtained by adding all the observations of a series and dividing this total by the number of observations. There are two types of
Q3. Mr. Arun and Mr. Bhandari play a game. If Mr. Arun picks up an even number from 1 to 6, Mr.
Get solved assignments at nominal price of Rs.120 each.
Mail us at: subjects4u@gmail.com or contact at
09882243490
Master of Business Administration- MBA Semester 1
MB0040–Statistics for Management-4 Credits
(Book ID: B1731)
Assignment (60 Marks)
Note: Answer all questions (with 300 to 400 words each) must be written within 6-8 pages. Each Question carries 10 marks 6 X 10=60
Q1. 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
Answer. Meaning of Classification and Tabulation
Classification
According to Secrist, “Classification is the process of arranging data into sequences and groups according to their common characteristics or separating them into different but related parts”. According to Stockton and Clark, “The process of grouping large number of individual facts and observations, on the basis of similarity among the items is called Classification”.
Tabulation
Tabulation follows classification. It is a logical or systematic listing of related data in rows and columns. The row of
Q2. (a) Explain Arithmetic mean.
(b) The mean wage is Rs. 75 per day, SD wage is Rs. 5 per day for a group of 1000 workers and the same is Rs. 60 and Rs. 4.5 for the other group of 1500 workers. Find the mean and standard deviation for the entire group.
Answer. (a) Arithmetic mean: Arithmetic mean is defined as the sum of all values divided by number of values and is represented by X . Arithmetic mean is also called ‘average’. It is most commonly used measures of central tendency. Arithmetic Mean of a series is the value obtained by adding all the observations of a series and dividing this total by the number of observations. There are two types of
Q3. Mr. Arun and Mr. Bhandari play a game. If Mr. Arun picks up an even number from 1 to 6, Mr.