Subject Name : MB0040 –Business Communication Q 1 Explain the characteristic of statistics. ANSWER 1 Various characteristics of statistics as summarized as under : 1. Statistics deals with an aggregate of facts. A single figure cannot be analyzed. 2. Statistics gets affected to a great extent by multiplicity of causes The Statistics of the yield of a crop is the result of several factors‚ such as the fertility of soil‚ amount of rainfall‚ the quality of seed used‚ the quality and
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SUMMER-2015 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
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Fall 2011- August drive MBA SEMESTER 1 MB0040 – STATISTICS FOR MANAGEMENT- 4 Credits (Book ID: B1129) Assignment Set- 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions 1. (a) ‘Statistics is the backbone of decision-making’. Comment. [ 5 marks] (b) Give plural meaning of the word Statistics? [ 5 marks] 2. a. In a bivariate data on ‘x’ and ‘y’‚ variance of ‘x’ = 49‚ variance of ‘y’ = 9 and covariance (x‚y) = -17.5. Find coefficient of correlation between ‘x’ and
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Spring 2012 Master of Business Administration- MBA Semester 1 MB0040 – Statistics for Management - 4 Credits (Book ID: B1129) Assignment Set - 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. Q1. What are the functions of Statistics? Distinguish between Primary data and Secondary data. Q2. Draw a histogram for the following distribution: Age No. of people 0-10 10-20 20-30 30-40 40-50 5 10 15 8 2 Q3. Find the median value of the following set
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1 Statistics plays a vital role in almost every facet of human life. Describe the functions of Statistics.Explain the applications of statistics. Meaning of statistics Functions of statistics Applications of statistics. Ans:Statistics plays an important role in almost every facet of human life. In business context‚ managers are required to justify decisions on the basis of data. They need statistical models to support these decisions. Statistical skills enable managers to collect‚ analyse and
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MBA SEMESTER 1 MB0040 – STATISTICS FOR MANAGEMENT Assignment Roll No. 1- Statistical survey is a scientific process of collection and analysis of numerical data used to collect information about units. Questionnair and schedule are both methods of collecting data in statistical survey. At questionnair the questions is sent by mail to respondents to fill it and send it back. At schedule the questions is filled by the enumerator. Questionnair is a cheaper process than schedule when it was
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Answers Master of Business Administration- MBA Semester 1 MB0040 - Statistics for Management Q1. A Explain the characteristics of statistics? B. What are the components of statistics? Give a brief description of each of its component’s? Answer: (A) Some of its important characteristics are given below: * Statistics are aggregates of facts. * Statistics are numerically expressed. * Statistics are affected to a marked extent by multiplicity of causes. * Statistics are enumerated
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Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? A1. Accounting : Accounting is the analysis and interpretation of book-keeping records. It includes not only the maintenance of accounting records but also the preparation of financial and economic information which involves the measurement of transactions and other events relating to the entity. Accounting is defined as "the art
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• 3. „Expect the Unexpected.“David Axson • 4. Forecasting a critical business process in turbulent times. • 5. What is a forecast? Forward Looking Fact-based Flexible Focused on Risks & Opportunities • 6. „The end result ... is not an accurate picture of tomorrow‚ but better decisions about the future.“Peter Schwartz‚ The Art of the Long View • 7. Good forecasting practices create value Career Perform n ance Reputatio • 8. The traditional approach... J F M A M J J A S O
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Fourth term End term exam 2011 (1) Section B 2. b From a factory producing metal sheet‚ following defective were analyses in every lot size. Prepare relevant chart only UCL and LCL. Lot Size | 100 | 125 | 90 | 120 | 110 | Defective | 6 | 7 | 4 | 8 | 10 | Solution Since the Lot size are different we have to use ‘u’ chart. Sample NO | LOT Size | Defective | Proportion of defective | UCL | LCL | 1 | 100 | 6 | 0.06 | 0.140245
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