MCO-22 EM 2026-27 SOLVED ASSIGNMENT

Description

TUTOR MARKED ASSIGNMENT
COURSE CODE : MCO-022
COURSE TITLE : QUANTITATIVE ANALYSIS &
MANAGERIAL APPLICATION
ASSIGNMENT CODE : MCO-022/TMA/2026-2027
COVERAGE : ALL BLOCKS
Maximum Marks: 100
Attempt all the questions:
1.a) Discuss the importance of data collection in managerial decision-making.
Also discuss the differences between primary and secondary data along with their advantages and limitations.
b) Explain the concept of probability and discuss its significance in managerial decision-making under uncertainty.
2.a) Discuss the process of questionnaire design. Explain the essential principles that should be followed while preparing an effective questionnaire.
b) Discuss the importance of forecasting in business planning. Explain various forecasting methods used for long-term, medium-term, and short-term decisions.
3.a) Discuss the practical applications of correlation analysis in business forecasting and decision-making.
b) Discuss the concept of sampling. Why is sampling preferred over complete enumeration in managerial research? Explain with suitable illustrations.
4. Distinguish between the following:
a) Observation Method and Questionnaire Method of Data Collection
b) Population and Sample
c) Parameter and Statistic
d) Sampling with Replacement and Sampling without Replacement
5. Write Short Notes on the following:
a) Delphi technique
b) Spearman’s Rank Correlation Coefficient
c) Mutually Exclusive and Collectively Exhaustive Events
d) Sampling Frame and its Role in Research.