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MBA-I 414 Statistics For Management

This document contains a past exam for a statistics course taken by MBA students specializing in insurance management. [Part A] contains 10 short answer questions testing students' knowledge of topics like frequency distributions, measures of dispersion, regression analysis, hypothesis testing and analysis of variance. [Part B] contains 5 longer answer questions or problems applying topics like measures of central tendency, correlation, regression and hypothesis testing. [Part C] includes a compulsory case study problem applying the Kruskal-Wallis non-parametric test to compare mean scores between three different training programs.

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363 views

MBA-I 414 Statistics For Management

This document contains a past exam for a statistics course taken by MBA students specializing in insurance management. [Part A] contains 10 short answer questions testing students' knowledge of topics like frequency distributions, measures of dispersion, regression analysis, hypothesis testing and analysis of variance. [Part B] contains 5 longer answer questions or problems applying topics like measures of central tendency, correlation, regression and hypothesis testing. [Part C] includes a compulsory case study problem applying the Kruskal-Wallis non-parametric test to compare mean scores between three different training programs.

Uploaded by

Archana R
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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PONDICHERRY UNIVERSITY-KARAIKAL CAMPUS

DEPARTMENT OF MANAGEMENT

MBA (Insurance Management)


I Semester – End Semester Examination – March 2021
MBA-I 414: Statistics for Management

Time : Three Hours Maximum : 60 marks

Part – A (10x2 =20 marks)


Answer ALL the questions

1. Define frequency distribution and histogram.

2. Which is the ideal measure of dispersion? Why?

3. What is scatter diagram?

4. Write down the applications of regression analysis.

5. Distinguish between Type I and Type II error.

6. What is analysis of variance? What are its assumptions?

7. What is contingency table? When is it useful?

8. Outline the sign test for paired data.

9. State the additive and multiplicative Laws on probability.

10. Define mean and variance using mathematical expectation.

Part – B (5 x 6=30 marks)


Answer ALL the questions either (a) or (b)

11. (a) Explain the various measure of location and dispersion that are commonly used in
management.
Or
(b) The following data give the monthly expenditure on refreshment. Calculate mean, median
and mode

Expenditur 370- 380- 390- 400- 410- 420- 430- 440- 450- 460-
e 380 390 400 410 420 430 440 450 460 470

No. of 3 4 6 7 10 12 15 9 8 5
houses
12. (a) Describe the different types of correlation and state the properties of regression
coefficients.
Or
(b) The experience of machine operators and their performance are given by the number of
good products turned out of 100 pieces.

Experience 16 12 18 4 3 10 5 12
Performanc 87 88 89 68 78 80 75 83
e rating

Find the regression line of performance rating on experience and estimate the probable
performance if operators have 7years experience.

13. (a) What is testing of hypothesis? Explain the procedure for testing of hypothesis.

Or

(b) The sales rate of an item in 6 shops before and after a campaign program is recorded as
under:
Before campaign: 53 28 31 48 50 42
After campaign: 50 29 30 55 56 45
Can the campaign be judged to be a success?

14. (a) What is Non- parametric test? State the advantages and disadvantages of Non parametric
test.
Or
(b) Out of 8000 graduates in a town, 800 are females; out of 1600 graduate employees, 120
are females. Examine if any distinction is made in appointment on the bases of sex.

15. (a) Define conditional probability. State Bayes theorem and explain its importance.

Or

(b) An insurance company insured 2000 scooter drivers, 4000 car drivers and 6000 truck
drivers. The probability of accidence are 0.01, 0.03 and 0.15 respectively. One of the insured
person meets with an accident. What is the probability that it is scooter driver?

Part – C (10 marks)

Case study: Compulsory

16. The score of 20 students in three modes of training programme: Audio, Video and Classroom
teaching is given below.
Audio: 78 80 65 57 89
Video: 74 88 82 93 55 70
Class room: 68 83 50 91 84 77 94 81 92

Test the hypothesis that the mean score of the students are equal in 3 programmes by
applying Kruskal- Wallis NP method.

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