MMPC-005 Quantitative Analysis for Managerial Applications Solved Assignment 2023-2024
Course Code : MMPC-005
Course Title : Quantitative Analysis for Managerial Applications
Assignment Code : MMPC-005/TMA/ JULY/2023
Coverage : All Blocks
| Title Name |
MMPC-005 Solved Assignment 2023-2024 |
| University | IGNOU |
| Service Type | Solved Assignment (Soft copy/PDF) |
| Course | MBA and MBA (Banking & Finance) |
| Language | ENGLISH |
| Semester | 2023-2024 Course: MBA |
| Session | July 2023 and January 2024 Sessions |
| Short Name | MMPC-005 |
| Assignment Code | MMPC-005/TMA/ JULY/2023 |
| Product | Assignment of MBA and MBA (Banking & Finance) 2023-2024 (IGNOU) |
| Submission Date | Last date of submission for July 2023 session is 31st October, 2023 and for January 2024 sessions is 30th April, 2024 |
Note: Attempt all the questions and submit this assignment to the Coordinator of your
study centre. Last date of submission for July 2023 session is 31st October, 2023 and
for January 2024 session is 30th April 2024.
1. In a railway reservation office, two clerks are engaged in checking reservation forms. On an
average, the first clerk (A1) checks 55% of the forms, while the second (A2) checks the
remaining. While A1 has an error rate of 0.03, that of A2 is 0.02. A reservation form is
selected at random from the total number of forms checked during a day and is discovered to
have an error. Find the probabilities that it was checked by A1 and A2, respectively.
2. “Data used in statistical study is termed as either “Primary” or “Secondary” depending upon
whether it was collected specifically for the study in question or for some other purpose.”
Explain both the sources of collecting the data in brief.
3. A fair coin is tossed 400 times. Using normal approximation to the binomial, find the
probability that a head will occur
a) More than 180 times
b) Less than 195 times.
4. “The primary purpose of forecasting is to provide valuable information for planning the
design and operation of the enterprise.” Comment on the statement.
5. Write short notes on any three of the following:-
a) Methods of collecting primary data
b) Decision tree approach
c) Central limit theorem
d) Opinion polls
e) Use of auto-correlations in identifying time series
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