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Xaviers Institute of
Business Management Studies
Quantitative
Techniques
Please attempt any one question out of section A and any 10 questions out of Section B. The
section A is for 20 Marks and Section B is for 80 Marks (8 Marks X 10
Questions)
Total Marks - 100
Section A
1.
Distinguish between decision making under certainty and decision making
under uncertainty. Mention certain methods for solving decision problems under
uncertainty. Discuss how these methods can be applied to solve decision
problems.
2.
Distinguish between probability and non-probability sampling. Elucidate
the reasons for the use of non-probability sampling in many situations in spite
of its theoretical weaknesses.
3.
What are models? Discuss the role of models in decision-making. How can
you classify models on the basis of behavior characteristics?
4.
What are matrices? How are determinants different from matrices? Discuss
few applications of matrices in business.
Section B
Write short notes on any ten of the following:
(a) Concept of Maxima and Minima
(b) Types of classification of data
(c) Pascal Distribution
(d) Multi-stage sampling &
Multi-phase sampling
(e) Box-Jenkins Models for Time
Series
(f) Determinant of a
Square Matrix
(g) Primary and
Secondary Data
(h) Bernoulli Process
(i) The Student's t
Distribution
(j) Use of
Auto-correlations in identifying Time Series
(K) Absolute value
function
(l) Quantiles
(m) Criteria of pessimism in decision theory
(n) Cluster vs. Stratum
(o) Moving average
models
(p) Step function
(q) More than type ogive
(r) Subjectivist's
criterion in decision making
(s) Double sampling
(t) Auto regressive
models
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