ASSIGNMENTS

MB 0024
(3 credits)
Set 1
Marks 60
STATISTICS FOR MANAGEMENT

ANSWER ALL QUESTIONS

Case 1
ABC Branch of XYZ Bank has decided to give 10 Lakh of loan each on long term basis to only two of their
customers (accountholders), who are businessmen of the locality. About 20 businessmen had applied for
loan in order to develop their business further. In order to reject some of the applications (as the fund was
limited), the Bank decided that accountholder who had maintained a minimum balance of 50000 INR
would only be considered for the loan. As a result, 10 applications were automatically rejected as they
were not satisfying the requirement of minimum balance. Now, the 10 applications remained and it was
found that monthly minimum balance in all the cases were more than 50000 INR for the last 12 months.
Their account details of monthly minimum balance are given below.

Month Monthly Minimum Balance in INR

s

A/C A/C A/C A/C A/C A/C A/C A/C A/C A/C
Holder Holder Holder 3 Holder Holder Holder Holder Holder Holder Holder
1 2 4 5 6 7 8 9 10
Jan, 60000 56000 66000 86000 56000 59000 59000 52000 53000 56000
2008
Feb, 70000 76000 74000 96000 76000 96000 78000 73000 98000 76000
2008
Mar, 55000 11000 112000 190000 11000 12000 11500 11200 11300 120000
2008 0 0 0 0 0 0
Apr, 90000 89000 90000 98000 89000 97000 87000 93000 66000 89000
2008
May, 56000 88000 84000 84000 88000 98000 90000 89000 87000 86000
2008
Jun, 80000 52000 57000 57000 52000 57000 55000 54000 59000 72000
2008
Jul, 82000 58000 96000 66000 58000 56000 86000 55000 98000 98000
2008
Aug, 79000 95000 55000 93000 95000 98000 99000 96000 59000 95000
2008
Sept, 51000 86000 76000 74000 86000 88000 89000 97000 87000 84000
2008
Oct, 95000 90000 95000 99000 90000 99000 95000 99000 95000 90000
2008
Nov, 82000 82000 87000 84000 82000 88000 87000 88000 86000 82000
2008
Dec, 83000 55000 56000 57000 55000 59000 59000 59000 52000 53000
2008
You as an Assistant Branch Manager of the Bank are entrusted the task of selecting two account holders
for sanctioning the loans. How you will select the two individuals among the 10 applicants to give the loan
using appropriate statistical techniques? Give proper justification for your selection.
 ASSIGNMENTS
MB 0024
(3 credits)
Set 1
Marks 60
STATISTICS FOR MANAGEMENT

ANSWER ALL QUESTIONS

1. What do you mean by sample survey? What are the different sampling methods? Briefly
describe them.

2. What is the different between correlation and regression? What do you understand by
Rank Correlation? When we use rank correlation and when we use Pearsonian
Correlation Coefficient? Fit a linear regression line in the following data –

X 12 15 18 20 27 34 28 48
Y 123 150 158 170 180 184 176 130
3. What do you mean by business forecasting? What are the different methods of business
forecasting? Describe the effectiveness of time-series analysis as a mode of business
forecasting. Describe the method of moving averages.

4. What is definition of Statistics? What are the different characteristics of statistics? What
are the different functions of Statistics? What are the limitations of Statistics?

5. What are the different stages of planning a statistical survey? Describe the various
methods for collecting data in a statistical survey.

6. What are the functions of classification? What are the requisites of a good classification?
What is Table and describe the usefulness of a table in mode of presentation of data?