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DRIVE
FALL 2017
PROGRAM
MBA
SEMESTER
I
SUBJECT CODE & NAME
MBA103 - Statistics for Management
SET-I
1 Write Short notes on following methods of classification in Statistical Survey
i. One Way Classification.
ii. Two Way Classification
iii. Manifold Classification.
A One Way Classification.
Two Way Classification
Manifold Classification.
Figure below depicts the number of students who has secured more than 60% in various sub-
modules of
2 What do you mean by Statistical Averages? List various requisites of a Good Average.
A Statistical Averages.
Requisites of a Good Average.
Answer: The statistical average or simply an average refers to the measure of middle value of the
data set. The objectives
3 In a beauty contest, the ranks provided by three different judges to 10 competitors are
given in following table. Find out which pair of judges are more associated in term of same
pattern for ranking
Competitors A B C D E F G H I J
Judge 1 3 4 6 7 9 8 2 10 1 5
Judge 2 4 5 6 8 7 10 1 9 2 3
Judge 3 5 7 9 8 10 6 3 4 1 2
A Calculation of Rank Correlation
Interpretation
Answer: With a view to find out the Rank Correlation between all the 3 judges we will have to find
the correlation between the following:
(i) 1st and 2nd judge
(ii) 1st and
SET-II
1 Write short notes on
a. Type I and Type II error
b. Level of Significance
c. Null Hypothesis
d. Two–tailed Tests and One–tailed Tests
e. Test Statistics
a. Type I and Type II error
b. Level of Significance
c. Null Hypothesis
d. Two–tailed Tests and One–tailed Tests
e. Test Statistics
Answer: Type I error: Rejecting a true null hypothesis. The probability of a type I error is
indicated by alpha (α).
Answer: The trend line can be fitted by using the method of least squares for the