Quantitative Techniques in Management (EDL 104) – Semester I

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BLOCK-I

Basic Concepts of Statistical Studies

1. Statistical tools facilitates__________

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2. Which amongst the following can be considered as the disadvantages of statistics?

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Diagrammatic & Graphical Presentation of Data

1. Data including the ages of students in a particular class can be considered as___

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2. How many types of Tabular methods has been discussed here under the category?

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Qualitative Data : tabular and graphical methods_part

1. The sum of relative frequency is always equal to 1.

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2. Percentage frequency can be found as_____100

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Qualitative Data : tabular and graphical methods Part 2

1. Relative frequency represent__________________.

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2. Which amongst the following is true about the Histogram?

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BLOCK-II

MEASURES OF LOCATION

1. Which of the following is not a measure of central tendency

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2. Calculate the mean of the following five simple measurements: 5,3,8,5,6:

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3. Which of the following is an advantage of arithmetic mean?

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4. Median of odd number term of a series is:

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5. Which of the following is used for computing arithmetic mean in a discreate frequency?

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Measures of Dispersion

1. Which of the following is not a good characteristics of dispersion?

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2. Find the value of range and its coefficient for the data 7,9,6,8,11,10,4

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3. Which of the following is not a merit of range?

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4. Dispersion means:

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5. Weighted means:

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BLOCK-III

Forecast seasonal Trend

1. Sessional Trend are caused due to:

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2. “Traditional habits” influence seasonal trends.

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3. Seasonal variation is measured using:

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4. Seasonal variation is measured using:

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5. Forecasting of seasonal trends includes:

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Measurement of Trend

1. Which of the following is a method of measuring trend?

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2. Which of the following is a method of measuring trends?

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3. For Graphical Method, Time is taken on:

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4. For Graphical Method, values are taken on:

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5. The “Line of Best Fit” is obtained in:

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Qualitative Approach of forecasting

1. _____approach is often used by committees or panels seeking to develop new ideas or solve complex problems.

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2. Scenario writing consists of developing a conceptual scenario of the future, based on the well-defined set of assumptions

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Sample Correlation & Regression Analysis_Part_1

1. Independent variable is

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2. Regression analysis related:

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3. Dependent variable is:

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4. Scatter Diagram is:

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5. Method of least square is used in:

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Sample Correlation & Regression Analysis_Part_2

1. The correlation coefficient is used to determine?

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2. If there is a very strong correlation between two variables then the correlation coefficient?

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3. The regression equation that enables us to find out the amount of change in X corresponding to a change in Y is called the____

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4. SSE can never be:

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5. In regression analysis, the variable that is being predicted is the?

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Time Series and components in time series

1. An orderly set of data arranged in accordance with their time of occurrence is called?

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2. A time series consists of:

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3. Secular trend can be measured by:

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4. Increase in the number of patients in the hospital due to heat stock is:

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5. The Systematic components of time series which follow regular pattern of variation are called:

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BLOCK-IV

Introduction of Probability Theories

1. In probability theories, events which can never occur together are classified as:

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2. Event such as equal chance of heads or tails while tossing coin is an example of:

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Sampling

1. The difference b/w a statistic and the parameter is called:

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2. The sum of the frequencies of the frequency distribution of a statistic is equal to:

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Probability Distributions

1. In random experiment, observation of random variable are classified as:

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2. In binomial distribution, formula of calculating standard deviation is:

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Binomial Distribution

1. In binomial probability distribution, dependents of standard deviation must include:

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2. In binomial probability distribution, success and failure generated by trial is respectively denoted by:

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Poisson Distribution

1. In passion probability distribution, if value of /I is integer then distribution will be:

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2. If numbers of trials are 8 and probability of success is 0.65 then mean of negative probability distribution is:

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Normal Probability Distribution

1. If value of x for normal distribution is 35, mean of normal distribution is 65 and standard deviation is 25 then standardized random variable is:

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2. Normal distribution is also classified as:

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Null hypothesis

1. Any hypothesis which is tested for the purpose of rejection under the assumption that it is true called:

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2. Alpha/2 is called:

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T-Test

1. An independent t-test can be used to assess which of the following?

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2. Conducting multiple t-test increases the likelihood of which of the following:

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ANOVA

1. What do ANOVA calculate?

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2. How many levels must there be in one independent variable for an ANOVA to be used?

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Non-Parametric Tests

1. What statistics is used to check the significance of the Kruskal-Wallis test?

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2. If you have nominal data which nonparametric statistics should you use?

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Block V

Introduction of Linear Programming

1. Linear programming model which involves funds allocation of limited investment is classified as:

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2. In transportation models designed in the linear programming , points of demand is classified as:

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Solution of LPP

1. Infeasibility means that the number of solutions to the linear programming models that satisfies all constraints is:

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2. A constraint that does not affect the feasible region is a:

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Graphical Method _Part_1

1. Whenever all the constraints in a linear programming are expressed as equalities, the linear program is said to be written in

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2. A constraint in an LP model becomes redundant because

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Graphical Method _Part_2

1. Which of the following statements is NOT true?

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2. While solving a LP problem, infeasibility may be removed by

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Simplex Method_Part_1

1. In simplex method, slack, surplus, and artificial variables are restricted to be:

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2. In simplex method basic solution set as(n-m), all variables other than basic are classified as:

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Simplex Method_Part_2

1. In simplex method, feasible basic solution must satisfy the?

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2. Third requirement of simplex method is that all variables are restricted to include:

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Simplex Method_Part_3

1. According to algebra of simplex method , slack variables are assigned zero coefficient because

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2. The purpose of the tableau from is to provide:

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Duality

1. In the linear programming, most popular non-graphical procedure is classified as:

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2. In linear programming, term which states values of objectives functions improvement?

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Assignment Problem & it’s solution_1

1. The optimal solution is found in an assignment matrix when the minimum number of straight lines needed to cover all the zeros equals?

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2. Every basic feasible solution of a general assignment problem, having a square pay-off matrix of order, n should have assignments equal to?

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Assignment Problem & it’s solution_2

1. The assignments problem?

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2. An assignment problem is a special case of transportation problem, where?

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Assignment Problem & it’s solution_3

1. The Hungarian Method for solving an assignment problem can also used to solve?

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2. An optimal solution of an assignment problem can be obtained only if?

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Assignment Problem & it’s solution_4

1. An assignment problem can be solved by:

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2. For a salesman who has to visit n cities which of the following are the way of his tour plan?

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Least Cost Method

1. The distinguishing feature of an LP model is?

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2. One advantage of using North west corner rule to find initial solution to the transportation problem is that?

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Vogel’s Approximation Method

1. In applying Vogel’s approximation method to a profit maximization problem, row and column penalties are determined by:

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2. The northwest corner rule requires that we start allocating units to shipping routes in the:

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Modi Method

1. The stepping-stone method requires that one or more artificially occupied cells with a flow of zero be created in the transportation tableau when the number of occupied cells is fewer than?

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2. Which method usually gives a very good solution to the assignment problem?

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Introduction of Operations Research

1. The maximization or minimization of a quantity is the?

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2. The improvement in the value of the objective function per unit increase in a right-hand side is there?

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Introduction of Decision Theory

- A graphical method of representing events and courses of action may be referred to as a?

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2. Which of the following is not a part of decision tree problem specification?

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Decision Making Environments

1. When customers evaluate more than one positive dimension separately is classified?

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2. Theory in which consumers make their own alternatives on basis of benefits and failure is classified as:

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Decision Making under Risk

- In our model of decision making under different condition, what is the difference b/w risk and uncertainty?

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2. For a maximization problem, the conservation approach is often referred to as the?

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Decision Making Under Uncertainty

1. A situation in which a decision maker knows all of the possible outcomes of a decision and also knows the probability associated with each outcome is referred to as:

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2. Which one of the following does measure risk?

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