MS-8: QUANTITATIVE ANALYSIS FOR MANAGERIAL APPLICATIONS

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MS-8

MANAGEMENT PROGRAMME

ASSIGNMENT

SECOND SEMESTER

(JULY TO DECEMBER)

2020

MS-8: QUANTITATIVE ANALYSIS

FOR MANAGERIAL APPLICATIONS

School of Management Studies INDIRA GANDHI NATIONAL OPEN UNIVERSITY MAIDAN GARHI, NEW DELHI – 110 068

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  ASSIGNMENT
   
Course Code:MS-8
Course Title:Quantitative Analysis for Managerial Applications
Assignment No.:MS-8/TMA/Sem-II/2020
Coverage:All Blocks
   

Note: Attempt all the questions and submit this assignment to the Coordinator of your Study Centre on or before 31st October, 2020.

  1. The prices (in Rs.) of three X, Y and Z are x, y and z per unit respectively. A purchases 4 units of Z and sells 3 units of X and 5 units of Y. B purchases 3 units of Y and sells 2 units of X and 1 Unit of Z. C purchases 1 unit of X and sells 4 Units of Y and 6 units of Z. In the process A, B and C earn Rs. 6000, Rs. 5000 and Rs. 13000 respectively. Using matrics, find the prices per unit of three commodities.
  • Calculate Quartile derivation.
Monthly Wages (Rs.)No. of Workers
Below 85012
850-90016
900-95039
950-100056
1000-105062
1050-110075
1100-115030
1150 and above10
  • Four Cards are drawn at random from a well shuffled pack of 52 cards, find the probability that
  • They are a king, a queen, a jack and an ace,
    • Two are king and two are queens,
    • Two are black and two are red,
    • They should be one from each suit.
  • Based on a nationwide poll, a seller of printed advertisements estimates that 56% of all adults usually open all the mail they receive. If this is still the current rate at which adults open mail, what is the probability that in a random sample of 1000 adults, the number who usually open all of their mail will be

(a) Less than 541

(b) 570 or more?

  • 5.         Write short note on any three of the following:
  1. Poisson Distribution.
    1. Purposive Sampling.
    1. Geometric Mean.
    1. Rank Correction.
  • Advantages of Quantitative Approach of Management.

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