## MEC-103 QUANTITATIVE METHODS in English Solved Assignment 2022-2023

Tutor Marked Assignment (TMA)

Course Code: MEC-003/103

Assignment Code: MEC-103/2022-23

Total Marks: 100

Title Name |
## MEC-103 Solved Assignment 2022-2023 |

University |
IGNOU |

Service Type |
Solved Assignment (Soft copy/PDF) |

Course |
MA(ECONOMICS) MEC |

Language |
ENGLISH |

Semester |
2022-2023 Course: MA(ECONOMICS) MEC |

Session |
For July 2022 and January 2023 Sessions |

Short Name |
MEC-103 |

Assignment Code |
MEC-103/2022-23 |

Product |
Assignment of MA(ECONOMICS) 2022-2023 (IGNOU) |

Submission Date |
For July session, you need to submit the assignments by March 31, and for January session by September 30 for being eligible to appear in the term end examination.Assignments should be submitted to the Coordinator of your Study Centre. Obtain a receipt from the Study Centre towards submission. |

Note: Answer all the questions.

SECTION A

Answer the following questions in about 700 words each. The word limits do not apply in case of

numerical questions. Each question carries 20 marks.

1. (i) “Analysis of economic relationships often requires inclusion of a large number of interrelated

variables into the model. Linear algebra provides tools of solving simultaneous equations with the

aid of matrices and determinants means for their concise presentation and solution mechanism”. In

the light of this statement, explain the concept of matrix and determinants. (12)

(ii) Discuss the properties of determinants. Use examples to elaborate your response. (8)

2. We can derive some fundamental distributions with the help of Normal distribution. Enlist these

fundamental distributions and explain each one of them in detail. (20)

SECTION B

Answer the following questions in about 400 words each. Each question carries 12 marks.

3. Under the simple regression analysis there are different methods of estimation. One of them is the

Ordinary Least Square (OLS) method of estimation. Explain this method in detail. (12)

4. A good estimator should satisfy certain criteria. Discuss these criteria with illustration. (12)

5. (i) Enlist the properties of a binomial distribution. Find the probability of getting 8 heads and 5 tails

in 13 tosses of an unbiased coin. (4)

(ii) In a steel factory, on an average, there are 6 defects per 10 square feet of steel sheet produced. If

we assume a poisson distribution, what is the probability that and 18 square feet of steel sheet will

have at least 7 defects? (4)

(iii) The height distribution of a group of 10,000 men is normal with mean height 63.5″ and

standard deviation 3.5. Find the number of men whose height is (a) less than 54.5″ and (b) more

than 74.5″. (4)

6. Explain the concept of indefinite integral with the help of examples. Discuss any two economic

applications of indefinite integral. (6 + 6 = 12)

7. Write short notes on the following: (3 X 4 = 12)

(i) Types of Sampling

(ii) Critical values

(iii) Probability Density Function

(iv) Cramer’s rule

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