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DRIVE-
Winter 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:
a.
Primary Data
1. Primary data are always original as it is collected
by the investigator.
2. Suitability of the primary data will be positive
Q3.
Describe the meaning of Index numbers. Explain the different methods of
construction of index numbers.
Answer:
Meaning of Index Number
Index numbers are a specialized
type of average. It measures how much a variable changes over time. They are
designed to measure the relative change in the level of phenomenon with respect
to time, geographical locations or some other characteristic. It is an
indicator which reflects the relative changes in the level of certain
phenomenon in any given period called the current period with respect to its
value in
Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your
sub code
we will revert you within 2-3 hour or immediate
Charges rs
125/subject and rs 700/semester only.
if urgent then call us
on 08791490301, 08273413412
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