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DRIVE-
Fall 2014
PROGRAM
BBA-SEMESTER 1
SUBJECT
CODE & NAME-BBA104 QUANTITATIVE TECHNIQUES IN BUSINESS
BK
ID-B1500
CREDITS-2
MARKS-30
Note:
Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q1.
Statistics plays a vital role in almost every facet of human life. Statistics.
Discuss the functions of Statistics. Explain the importance of statistics in
business and management.
(Meaning
of Statistics, Functions of Statistics, Importance of statistics in business
and management) 2, 3, 5
Answer.
Meaning
of Statistics
The statement that prices in a
country are increasing conveys only incomplete information about the nature of
the problem. However, if the figures of prices of various years are also
provided, we are in a better position to understand the nature of the problem.
Additionally, these figures can also be used to \
Q2.
a. Differentiate between primary and secondary data.
b.
Explain the concept of correlation and regression.
Answer:
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Q3.
Describe the meaning of Index numbers. Explain the different methods of
construction of index numbers.
Answer:
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