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ANALYSIS FOR MANAGERIAL APPLICATIONS Solved Assignment 2024-25
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IGNOU FREE MMPC 005 QUANTITATIVE
ANALYSIS FOR MANAGERIAL APPLICATIONS Solved Assignment 2024-25
Course Code: MMPC 005
Assignment
Code: MMPC 005 ASST/TMA/2024-25
Marks: 100
1. Describe briefly the
questionnaire method of collecting primary data. State the essentials of a good
questionnaire.
2. Discuss the importance
of measuring variability for managerial decision-making.
3. An investment
consultant predicts that the odds against the price of a certain stock will go up
during the next week are 2:1 and the odds in favour of the price remaining the
same are 1:3. What is the probability that the price of the stock will go down
during the next week?
4. In practice, we find
situations where it is not possible to make any probability assessment. What
criterion can be used in decision-making situations where the probabilities of
outcomes are unknown?
5. A purchase manager
knows that the hardness of castings from any supplier is normally distributed
with a mean of 20.25 and SD of 2.5. He picks up 100 samples of castings from
any supplier who claims that his castings have heavier hardness and finds the
mean hardness as 20.50. Test whether the claim of the supplier is tenable.
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MMPC 005 Handwritten Assignment 2024-25
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your assignments before you can appear for the Term End Exams. Please remember
to keep a copy of your completed assignment, just in case the one you submitted
is lost in transit.
Submission Date :
31st March 2023 (if
enrolled in the July 2023-24 Session)
30th Sept, 2023 (if
enrolled in the January 2023-24 session).
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MMPC 005 Handwritten Assignment 2024-25
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