# Quantitative Techniques in Management (EDL 104) – Semester I

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

1. 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

1. 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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