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Management Programme
ASSIGNMENT
FIRST SEMESTER
2017
Course Code : MS 08
Course Title : Quantitative Analysis for Managerial Applications
Assignment No. : MS-08/TMA/SEM-I/2017
Coverage : All Blocks
Note : Attempt all the questions and submit this assignment on or before 30th April, 2017 to the
coordinator of your study center.
1. The net incomes of a sample of large importers of antiques were organized into the
following table:
Net income Number of
($ millions) Importers
2 up to 6 1
6 up to 10 4
10 up to 14 10
14 up to 18 3
18 up to 22 2
2. The employees of Cartwright Manufacturing are awarded efficiency ratings based on such
factors as monthly output, attitude, and attendance. The distribution of the ratings follows
the normal probability distribution. The mean is 400, the standard deviation 50.
(a) What is the area under the normal curve between 400 and 482? Write this area in
probability notation.
(b) What is the area under the normal curve for ratings greater than 482? Write this area in
probability notation.
(c) Show the facets of this problem in a chart.
3. Advertisements by Star Fitness Center claim that completing its course will result in
losing weight. A random sample of eight recent participants showed the following weights
before and after completing the course. At the .01 significance level, can we conclude that
the students lost weight?
4. What is time series analysis? Decompose a time series into its various components and
describe them.
5. What is a random variable? How is it used to define a probability distribution? Make the
probability distribution of scores facing up in a throw of two dice.