Sunday 24 September 2017

bba109 smu bba summer 2017 (oct/nov 2017 exam) Ist sem assignment

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DRIVE Summer 2017
PROGRAM BBA109
SEMESTER I
SUBJECT CODE & NAME BBA109 QUANTITATIVE TECHNIQUES IN BUSINESS



1 What is a questionnaire? Discuss the main points that you will take into account while drafting a questionnaire.
Explanation of questionnaire.
Explanation of main points, which are taken into consideration while drafting a questionnaire.
Answer:
The „questionnaire‟ is a proforma containing a sequence of questions
relevant to a statistical enquiry. Since the questionnaire is the only medium
of

2 Write short notes on

·          Range
·          Quartile deviation
·          Average deviation
·          Standard deviation

Answer:

Range
It is the simplest method of studying dispersion. Range is the difference between the smallest value and the largest value of a series. While computing range, we do not take into account frequencies of different groups.
Formula:


3 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
15
4
20
5
B
24
6
28
8
C
16
4
25
4
D
32
8
30
12
E
35
3
32
4
F
8
2
15
3
Construct the Price Index taking 2010 as the base year and 2016 as the current year by following methods.
i. Laspeyre’s Price Index
ii. Paasche’s Method
iii. Dorbish and Bowley’s method
iv. Fisher’s Ideal Index Method

Answer: a) Weighted Index Number
In this method weights are assigned to various commodities according to their significance and consequently weighted index improves the accuracy of the index number as compared to the unweighted one. Usually the quantity consumed during the base year or the current year is taken as the

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