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On National Teacher Day, meet the 2024-25 Kenan Fellows
Business statistics
1. Dear students get fully solved assignments
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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Business Statistics
Internal Assignment Applicable for December 2017 Examination
Assignment Marks: 30
Instructions:
All Questions carry equal marks.
All Questions are compulsory
All answers to be explained in not more than 1000 words for question 1 and 2 and for
question 3in not more than 500 words for each subsection. Use relevant examples,
illustrations as far aspossible.
All answers to be written individually. Discussion and group work is not advisable.
Students are free to refer to any books/reference material/website/internet for attempting
theirassignments, but are not allowed to copy the matter as it is from the source of
reference.
Students should write the assignment in their own words. Copying of assignments from
otherstudents is not allowed.
2. Question. 1. Suppose you are the Operations Manager of an e-
commerce company. Explain withexamples how you can use
descriptive statistics to make better managerial decisions.(10
Marks)
Answer:Managers can apply some measurable procedure to essentially every branch of open and
private venture.These strategiesare regularly isolated into two general classifications: descriptive
statistics and inferential statistics.
Descriptive statistics are commonly basic outline figures ascertained from an arrangement of
perceptions. Assume an educator figures a normal
Question.2. In the “Master Chef 2015” Competition 10 finalists
were ranked by three judges in thefollowing orders:
Use the method of rank correlation to determine which pair of judges has the nearest approach
inranking the competitors. (10 Marks)
Answer:
A particular branch of a bank has 30 full-time operating staff that includes branch manager,
assistant managers, loan officers, clerks and security personnel. Because of the demonetarization
issue banks are running 7 days a week and the
Question.3. a) Develop the linear regression equation that best
describes the relationship. What isthe estimate of the time delay
per employee absent? (5 Marks)
Answer:
b) When the bank has full complement of staff, what is the average
waiting time in thequeue as predicted by the linear regression? If
3. there are six employees absent, estimatethe average waiting time
as predicted by the linear regression? (5 Marks)
Answer:
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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or
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(Prefer mailing. Call in emergency )
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