MCO 022 QUANTITATIVE ANALYSIS & MANAGERIAL APPLICATION Solved Assignment 2024-25
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1. a) What do you understand by forecast control? What could be the various methods to ensure that the forecasting system is appropriate? b) What do you understand by the term correlation? Explain how the study of
correlation helps in forecasting demand of a product.
2. a) Explain the terms ‘Population’ and ‘sample’. Explain why it is sometimes necessary and often desirable to collect information about the population by conducting a sample survey instead of complete enumeration.
b) How would you conduct an opinion poll to determine student reading habits and preferences towards daily newspapers and weekly magazines?
3. Briefly comment on the following:
a) “Different issues arise while analysing decision problems under uncertain conditions of outcomes”.
b) “Sampling is so attractive in drawing conclusions about the population”.
c) “Measuring variability is of great importance to advanced statistical analysis”.
d) “Test the significance of the correlation coefficient using a t-test at a significance level of 5%”.
4. Write short notes on the following:
a) Mathematical Properties of Arithmetic Mean and Median
b) Standard Error of the Mean
c) Linear Regression
d) Time Series Analysis
5. Distinguish between the following:
a) Discrete and Continuous Frequency Distributions
b) Karl Pearson’s and Bowley’s Coefficient of Skewness
c) Probability and Non-Probability sampling
d) Class Limits and Class Intervals
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MCO 022 Solved Assignment 2024-25
MCO 022 Handwritten 2024-25
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MCO 022 QUANTITATIVE ANALYSIS & MANAGERIAL APPLICATION Solved Assignment 2024-25 Before ate mpting the assignment, please read the following instructions carefully.
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- 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).
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