Master of Business Administration- MBA Semester 1 MB0040 Statistics for Management - 4 Credits (Book ID: B1731) Assignment Set

t - 1 (60 Marks)

Note: Assignment Set -1 must be written within 6-8 pages. Answer all questions. Q1. a. Explain the characteristics of Statistics. b. What are the components of Statistics? Give a brief description of each of the components.

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Q2. Explain the objectives of Statistical Average. What are the requisites of a good average? Q3. a. Mention the Characteristics of Chi-square test. b. Two research workers classified some people in income groups on the basis of sampling studies. Their results are as follow:

Show that the sampling technique of atleast one research worker is defective

Q4. What do you mean by cost of living index? Discuss the methods of construction of cost of living index with an example for each.

Q5. Define trend. Enumerate the methods of determining trend in time series Q6. The following data represent the number of units of production pe