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IGNOU MS-08 Code Details
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University
IGNOU (Indira Gandhi National Open University)
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Title
Quantitative Analysis for Managerial Applications
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Language(s)
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Code
MS-08
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Subject
Mathematics
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Degree(s)
MBA (MS)
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Course
Core Courses (CC)
IGNOU MS-08 English Topics Covered
Block 1 - Basic Mathematics for Managers
- Unit 1 - Quantitative Decision Making - An Overview
- Unit 2 - Functions and Progressions
- Unit 3 - Basic Calculus and Applications
- Unit 4 - Matrix Algebra and Applications
Block 2 - Data Collection and Analysis
- Unit 1 - Collection of Data
- Unit 2 - Presentation of Data
- Unit 3 - Measures of Central Tendency
- Unit 4 - Measures of Variation and Skewness
Block 3 - Probability and Probability Distributions
- Unit 1 - Basic Concepts of Probability
- Unit 2 - Discrete Probability Distributions
- Unit 3 - Continuous Probability Distributions
- Unit 4 - Decision Theory
Block 4 - Sampling and Sampling Distributions
- Unit 1 - Sampling Methods
- Unit 2 - Sampling Distributions
- Unit 3 - Testing of Hypotheses
- Unit 4 - Chi-Square Tests
Block 5 - Forecasting Methods
- Unit 1 - Business Forecasting
- Unit 2 - Correlation
- Unit 3 - Regression
- Unit 4 - Time Series Analysis
IGNOU MS-08 (January 2024 - July 2024) Assignment Questions
1. Take a business problem of your organization or any organization of your choice and analyze it by applying a quantitative technique.
2. Discuss the relevance of probability theory in decision making with the help of a suitable example.
3. The means of two large samples of sizes 1000 and 2000 are 67.5 and 68.0 respectively. Test the equality of the means of the two populations each with standard deviation of 2.5.
4. Find the coefficient of correlation from the following data
5. Write short notes on:
a) Decision tree approach
b) Probability vs non probability sampling
c) Box Jenkins model of time series
IGNOU MS-08 (January 2023 - July 2023) Assignment Questions
1. A car is purchased for Rs. 80,000. Depreciation is calculated at 5% per annum for the first 3 years and 10% per annum for the next 3 years. Find the money value of the car after a period of 6 years.
2. “Whether to use primary data or secondary data depends on several factors.” Explain, in view of the statement, the various factors affecting the choice of data.
3. A multiple choice quiz has 200 questions, each with 4 possible answers, out of which only one is correct. What is the probability (using normal approximation to binomial distribution) that sheer guesswork yields 25 to 30 correct answers for 80 problems (out of 200 problems) about which the student has no knowledge?
4. What do you understand by sampling? What are the two types of sampling? Name them. Explain in brief any one type of sampling.
5. “Time series analysis is one of the most powerful methods in use, especially for short-term forecasting purposes.” Comment on the statement.
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