# SMU MBA ASSIGNMENTS

## MB0040- STATISTICS FOR MANAGEMENT – Fall 2014

MB0040- STATISTICS FOR MANAGEMENT

1 Statistics plays a vital role in almost every facet of human life. Describe the functions of Statistics. Explain the applications of statistics.

Meaning of statistics

Functions of statistics

Applications of statistics

2 a) Explain the approaches to define probability.

b) State the addition and multiplication rules of probability giving an example of each case.

a) Explanation of the approaches to define probability

b) Addition and multiplication rules of probability giving an example of each

3 a) The procedure of testing hypothesis requires a researcher to adopt several steps.

Describe in brief all such steps.

b) Explain the components of time series.

a) Hypothesis testing procedure

b) Components of time series

4 a) What is a Chi-square test? Point out its applications. Under what conditions is this test applicable?

b) Discuss the types of measurement scales with examples.

a) Meaning, applications and conditions

b) Types of measurement scales with examples

5 Business forecasting acquires an important place in every field of the economy. Explain the objectives and theories of Business forecasting.

6 a) What is analysis of variance? What are the assumptions of this technique?

b) Three samples below have been obtained from normal populations with equal variances. Test the hypothesis at 5% level that the population means are equal.

A B C

8 7 12

10 5 9

7 10 13

14 9 12

11 9 14

[The table value of F at 5% level of significance for ï®1 = 2 and ï®2 = 12 is 3.88]

a) Meaning and Assumptions

b) Formulas/Calculation/Solution to the problem