MMPC-005 Quantitative Analysis For Managerial Applications Solved Assignment 2024-25

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Questions :

1. Describe briefly the questionnaire method of collecting primary data. State the essentials of a good questionnaire. 

2. Discuss the importance of measuring variability for managerial decision-making.

3. An investment consultant predicts that the odds against the price of a certain stock will go up during the next week are 2:1 and the odds in favour of the price remaining the same are 1:3. What is the probability that the price of the stock will go down during the next week?

4. In practice, we find situations where it is not possible to make any probability assessment. What criterion can be used in decision-making situations where the probabilities of outcomes are unknown? 

5. A purchase manager knows that the hardness of castings from any supplier is normally distributed with a mean of 20.25 and SD of 2.5. He picks up 100 samples of castings from any supplier who claims that his castings have heavier hardness and finds the mean hardness as 20.50. Test whether the claim of the supplier is tenable. 

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MMPC-005 Quantitative Analysis For Managerial Applications Solved Assignment 2024-25

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MMPC-005 Handwritten 2024-25

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MMPC-005 Quantitative Analysis For Managerial Applications Solved Assignment 2024-25 Before ate mpting the assignment, please read the following instructions carefully.

1. Read the detailed instructions about the assignment given in the Handbook and Programme Guide.
2. Write the course title, assignment number and the name of the study centre you are attached to in the centre of the first page of your response sheet(s).
3. Use only foolscap size paper for your response and tag all the pages carefully
4. Write the relevant question number with each answer.
5. You should write in your own handwriting.