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ASSIGNMENT
DRIVE SUMMER
2016
PROGRAM BBA
104
SEMESTER I
SUBJECT
CODE & NAME BBA104
QUANTITATIVE TECHNIQUES IN BUSINESS
BOOK ID B1500
CREDITS 2
MARKS 30
MARKS
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.
Ques1 What do you mean by Statistics? Discuss
various functions and limitations of statistics.
Ans The term
statistics is used to mean either statistical data or statistical method.
Statistical data refers to the quantitative aspects of things, and is a numerical
description. Thus the distribution of family incomes is a quantitative
description. But there are some quantities which are
Ques2 Write short notes on
a. Drafting Questionnaire
b. Quartile deviation
c. Applications of Time Series Analysis
d. Sampling and Non-Sampling Errors
Ans a. Drafting Questionnaire
The
„questionnaire‟ is a proforma containing a sequence of questions relevant to a
statistical enquiry. Since the questionnaire is the only medium of
communication between the investigator and the
Ques3 a. Explain the meaning of Weighted Index
Numbers.
b. Information of sales price per unit of different
commodities for two different years is given in following table-
|
Commodities
|
2010
|
2016
|
||
|
Price Quantity
|
Price Quantity
|
|||
|
A
|
20
|
5
|
25
|
3
|
|
B
|
30
|
8
|
45
|
5
|
|
C
|
10
|
12
|
20
|
8
|
|
D
|
15
|
10
|
16
|
10
|
Ans
When all
commodities are not of equal importance. We assign weight to each commodity
relative to its importance and index number computed from these weights is
called weighted index numbers.
Laspeyre’s Index
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