Description
ASSIGNMENT
Course Code:MMPC-005
Course Title:Quantitative Analysis for Managerial Applications
Assignment Code:MMPC-005/TMA/ JULY/2025
Note: Attempt all the questions and submit this assignment to the Coordinator of your study centre. Last date of submission for July 2025 Semester is 31st October, 2025 and for January 2026 Semester is 30th April 2026.
- What is Statistical Decision Theory? Describe the four different states of decision environment in managerial applications. Which is the most prevalent state?
- A certain manufacturing process yields electrical fuses of which, in the long run, 15% are defective. Find the probability that in a sample of 10 fuses selected at random there will be: a) No defective b) At least one defective
- A manager at a drug manufacturing wants to estimate what proportion of the adult population of India has high blood pressure. He wants to be 99% sure that the error of his estimate will not exceed 0.02. Census reports indicate that about 0.20 of all adults have high blood pressure. What sample size shall he take?
- For a set of 1000 observations known to be normally distributed, the mean is 534 cm and SD is 13.5 cm. How many observations are likely to exceed 561 cm? How many will be between 520.5 and 547.5 cm?
- Write short notes on any three of the following: a) Level of significance b) Quartile Deviation c) Criterion of optimism d) Disproportional Stratified Sampling e) Least Square Criterion
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