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Ms-08 Quantitative Analysis for Managerial Applications

Course: Master of Business Administration

University: IGNOU

File: PDF/Zip

Fully Solved: Yes

## MS-08 Solved Assignment 2021 – Quantitative Analysis for Managerial Applications

1. The total cost, C(x) associated with producing and marketing x units of an item is given

by

C (x) = 0.005×3 -0.02×2 -30x +3000

Find (i) Total cost when output is 4 units.

(ii) Average cost of output of 10 units.

(iii) Marginal cost when output is 3 units.

2. “The success of collecting data through a questionnaire depends mainly on how skillfully and imaginatively the questionnaire has been designed”. Explain some important points to be kept in mind while drafting a questionnaire.

3. In a society of 5000 people, 1200 are above 30 years of age and 3000 are female. Out of the 1200 who are above 30, 200 are female. Suppose after a person is chosen you are told that the person is a female. What is the probability that she is above 30?

4. A sample size 25 is picked up at random from a population which is normally distributed with a mean of 100 and variance of 36. Calculate:-

(a) Pr{ ͞X≤99}

(b) Pr{98≤ ͞X≤100}

5. “Economic or business oriented time series are made up of various components”. What are those components and also explain the relationship between them.