What is Least Square Method? The Least Square Method (LSM) is a statistical technique used to find the best-fitting curve or line for a set of data points by minimizing the sum of the squares of the differences (residuals) between the observed values and the values predicted by the model. It is widely used in …
Describe briefly the questionnaire method of collecting primary data. State the essentials of a good questionnaire. Introduction The questionnaire method is one of the most effective and widely used techniques for collecting primary data in research. It involves asking a set of predefined questions to respondents, who provide their answers either in written or electronic …
Quantitative Analysis for Managerial Decision-Making – Q&A and Practice Solutions Read More »
Category High Views Low Views Total Music 50 100 150 Comedy 30 170 200 Education 20 180 200 Gaming 40 160 200 Travel 10 190 200 Total 150 800 950 What is the probability that a randomly selected YouTube Short is in the Music Category?What is the probability that a randomly selected YouTube Short has …
Q3.a)Draw an appropriate chart for the following. Also, write your clarification for choosing that graph. For each variable identify a time-series component present if you consider the long-term pattern. Table: Production of Commercial crops. (Source: RBI) Q3.b) Write the sampling plan for the following study. Also write, what is recommended according to you, census survey …
NMIMS Assignment Solution of Decision Science for the April 2024 Examination Read More »
Q2. Write the interpretation for the following regression model. You are advised to run the analysis using MS EXCEL. Here Hiranmayee Dhar, an entrepreneur who is running “Pashminaa” a store of Pashmina shawls. She is targeting customers via social media applications; she has chosen Instagram as a platform and had also chosen REELs to advertise …
NMIMS Assignment Solution of Decision Science for the April 2024 Examination Read More »
Calculate the probability for the following statements. Draw the Probability tree diagram also. In a medical college of Pune (a class of 100 people), 30 % people Like to have Misal-pav on the farewell party as per the google form survey. Remaining people have chosen vadapav. Out of those who have chosen Misal-pav 50 % …
NMIMS – Decision Science Assignment of April 2024 Read More »
Q1. Draw the decision tree diagram and explain the best possible decision based on EMVs (Expected Monetary Values) On the 1st April 2023, Rajinder Saproo, an investor is in a dilemma for the investment of 10 lakh INR. He has consulted his Mumbai based friend, MukulBhai Gadhecha, an investment expert for this matter. Mr Saproo …
The transportation problem The transportation problem is a classic optimization problem in the field of operations research and management science. It involves finding the most cost-effective way to transport goods from multiple suppliers to multiple consumers, taking into account supply and demand constraints, as well as transportation costs. Here are the key components and elements …
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There are 15 boys and 10 girls in the class. If three students are selected at random, what is the probability that 1 girl and 2 boys are selected? A. 1/40 B. 1/ 2 C. 21/46 D. 7/ 41 E. None of these The correct option is: C Solution: Total number of ways of selecting …
2022BUSINESS ADMINISTRATION- HONOURS : CALCUTTA UNIVERSITY Paper BBA-A202-C-3(Statistics for Business Decisions)Full Marks : 80 The mean, median, and standard deviation of a distribution are 45, 42, and 18 respectively, to find the skewness of the distribution. The formula for Pearson’s coefficient of skewness, which is a measure of the asymmetry of a distribution. A positive skew …
