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NMIMS Global Access
School for Continuing
Education (NGA-SCE)
Course: Decision Science
Internal Assignment
Applicable for September 2022 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 3 in not more than 500 words for
each subsection. Use relevant examples, illustrations as far as possible.
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 their assignments, 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 other students is not allowed.
Students should follow the following parameter for answering the
assignment questions.
For Theoretical Answer
|
Assessment Parameter |
Weightage |
|
Introduction |
20% |
|
Concepts
and Application |
60% |
|
related to the question |
|
|
Conclusion |
20% |
|
|
|
For Numerical Answer
|
Assessment Parameter |
Weightage |
|
Understanding
and usage |
20% |
|
of the formula |
|
|
Procedure /
Steps |
60% |
|
|
|
|
Correct
Answer & |
20% |
|
Interpretation |
|
1.
Avantika Mattoo working as an
analyst in reputed pharmaceutical company wants to invest her money in stocks.
Her friends having expertise in stock market investments, suggested her to
invest money into ‘Reliance’ and ‘Maruti’ shares. Avantika’s economist friend
Niharika Dhar said there could be four different scenarios pertaining to the
return
NMIMS Global Access
School for Continuing
Education (NGA-SCE)
Course: Decision Science
Internal Assignment
Applicable for September 2022 Examination
on Avantika’s investments. The figures of return on investment as per
four different scenarios presented in the table below.
|
Payoff |
|
|
|
|
|
|
(profit |
|
|
|
|
|
|
within |
one |
|
|
|
|
|
month |
on |
|
|
|
|
|
one unit |
of |
|
|
|
|
|
share |
in |
|
|
|
|
|
INR) |
|
Scenario
1 |
Scenario
2 |
Scenario
3 |
Scenario
4 |
|
|
|
|
|
|
|
|
Reliance |
|
|
|
|
|
|
Industry
ltd. |
55 |
43 |
29 |
15 |
|
|
|
|
|
|
|
|
|
Maruti |
|
26 |
38 |
43 |
51 |
|
|
|
|
|
|
|
1) Set up
the opportunity loss table.
2)
Draw the decision tree (Note: You
may use any software for making tree diagram, but snapshot of handwritten tree
will be unacceptable)
3) According
to Niharika’s latest research, she has assigned the following probabilities to
the four scenarios (states of nature), determine the EMV decision; P(s1)
= 0.4 P(s2) = 0.1 P(s3) = 0.3 P(s4) = 0.2.
(Note: Do mention the decision
based on the analysis clearly in few sentences.)
(10
Marks)
2.
From the following data, check the correlation of
‘Migrants person’ (Migration form
Urban areas of J & K to another urban areas of J &K) with the
below given variables. Write your conclusion with respect to the correlation
coefficient and Scatter Diagram.
NMIMS Global Access
School for Continuing
Education (NGA-SCE)
Course: Decision Science
Internal Assignment
Applicable for September 2022 Examination
Draw the scatter plot (you may
use EXCEL, SPSS, Python, R etc.)
Perform the correlation for the following pairs of
variables
Migrant
person numbers V/s ‘Number of Factory/Workshop/Work shed etc.’
Migrant
person number V/s ‘Number of commercial establishments’
Migrant
person number V/s ‘Number of towns’
Migrant
person number V/s ‘Population per sq. km.’
(Note: no need to calculate correlation coefficient manually, use EXCEL
formula, or any other software)
(Note regarding the data access: You can copy the
data from this pdf document and paste it into your EXCEL workbook; you may have
to work on alignment if it is distorted in Excel.)
Data for the analysis
|
Districts |
Migrant |
Number of |
Number |
of |
Number |
of |
Population |
|
|
person |
Factory/ |
commercial |
|
towns |
|
per sq. km. |
|
|
numbers |
Workshop/ |
establishments |
|
|
|
|
|
|
|
Workshed |
|
|
|
|
|
|
|
|
etc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Kupwara |
2667 |
188 |
6571 |
|
10 |
|
2212 |
|
|
|
|
|
|
|
|
|
|
Badgam |
5370 |
273 |
5552 |
|
9 |
|
1996 |
|
|
|
|
|
|
|
|
|
|
Leh(Ladakh) |
2621 |
176 |
3898 |
|
3 |
|
1902 |
|
|
|
|
|
|
|
|
|
|
Kargil |
650 |
61 |
1711 |
|
1 |
|
7635 |
|
|
|
|
|
|
|
|
|
|
Punch |
2038 |
67 |
3605 |
|
3 |
|
1604 |
|
|
|
|
|
|
|
|
|
|
Rajouri |
4011 |
236 |
4656 |
|
4 |
|
2390 |
|
|
|
|
|
|
|
|
|
|
Kathua |
11306 |
504 |
6952 |
|
6 |
|
2079 |
|
|
|
|
|
|
|
|
|
|
Baramula |
19382 |
663 |
12171 |
|
7 |
|
2871 |
|
|
|
|
|
|
|
|
|
|
Bandipore |
4866 |
156 |
3258 |
|
3 |
|
1317 |
|
|
|
|
|
|
|
|
|
|
Srinagar |
94844 |
3575 |
47986 |
|
5 |
|
4141 |
|
|
|
|
|
|
|
|
|
|
Ganderbal |
3041 |
231 |
2418 |
|
3 |
|
1852 |
|
|
|
|
|
|
|
|
|
|
Pulwama |
7939 |
257 |
4885 |
|
5 |
|
2087 |
|
|
|
|
|
|
|
|
|
NMIMS Global Access
School for Continuing Education
(NGA-SCE)
Course: Decision Science
Internal Assignment
Applicable for September 2022 Examination
|
Shupiyan |
1700 |
30 |
1673 |
1 |
3007 |
|
|
|
|
|
|
|
|
Anantnag |
13545 |
919 |
14079 |
12 |
2880 |
|
|
|
|
|
|
|
|
Kulgam |
2621 |
243 |
3902 |
7 |
1619 |
|
|
|
|
|
|
|
|
Doda |
2297 |
76 |
3016 |
2 |
1655 |
|
|
|
|
|
|
|
|
Ramban |
1171 |
41 |
1768 |
3 |
783 |
|
|
|
|
|
|
|
|
Kishtwar |
569 |
45 |
1765 |
1 |
23595 |
|
|
|
|
|
|
|
|
Udhampur |
10873 |
549 |
6795 |
6 |
2475 |
|
|
|
|
|
|
|
|
Reasi |
2085 |
28 |
3677 |
5 |
692 |
|
|
|
|
|
|
|
|
Jammu |
139422 |
2410 |
46539 |
20 |
3034 |
|
|
|
|
|
|
|
|
Samba |
5349 |
685 |
5162 |
6 |
1383 |
|
|
|
|
|
|
|
Source: Census of India.
(10
Marks)
3.
a. The number of customers who
enter a ‘German’ supermarket-Gandhinagar each hour is ‘normally’ distributed
with a mean of 600 and a standard deviation of 200. The supermarket is open 16
hours per day. What is the probability that the total number of customers who
enter the supermarket in one day is greater than 10,000?
(Note:
Show the stepwise calculation and write the interpretation based on the final
answer)
(5 Marks)
3.
b. Shree Ganga Taploo University
bookstore claims that 50% of its customers are satisfied with the service and
prices.
If this claim is true, what is the probability that in a random sample
of 600 customers less than 45% are satisfied with services and price?
(Note:
Show the stepwise calculation and write the interpretation based on the final
answer)
(5 Marks)
Dear students, get latest Solved
assignments by professionals.
Mail us at:
help.mbaassignments@gmail.com
Call us at: 08263069601
NMIMS plagiarism proofed
assignments available.
