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ASSIGNMENT
DRIVE FALL 2014
PROGRAM BBA
SEMESTER 1
SUBJECT CODE &
NAME
BBA104
QUANTITATIVE TECHNIQUES IN BUSINESS
BK ID B1500
CREDITS 2
MARKS 30
Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400
words. Each question is followed by evaluation scheme.
Q.No Questions Marks Total
Marks
1 Statistics plays a vital role in almost every facet of human life. Discuss the characteristics of
Statistics. What is the importance of statistics in business and management?
Meaning of Statistics
2
Characteristics of Statistics
3
Importance of statistics in business and management
5
10
2 a. Differentiate between primary and secondary data.
b. Explain the concept of correlation and regression.
Differences between primary and secondary data
Concept of Correlation
Concept of Regression
4
3
3
10
3 Describe the meaning of Index numbers. Explain the different methods of construction of
index numbers.
Meaning of Index numbers
Methods of constructing Index numbers
2
8
10
