Seat Number:

M. S. Patel Institute
Faculty Of Management Studies
M. S. University of Baroda
MID-SEM. Exam of SEM. Year 2019-2021
Subject: Quantitative Techniques
Date: 15/10/19
Time: 3:00 a.m. to 5:00 p.m.
Note: i. All Max. Marks: 30
questions are compulsory.
i. Use of any
ii. Use of only
electronic gadaet is NOT permitted.
a
scientific calculator is allowed.
1(a) Define and explainthe difference between frequency approach and classical
defining probability. approach of
03]
(b) The MRF story is a
truly remarkable one. They started as a rubber balloon factory with
funding of Rs.14, 000 way backin the 40's IS now a a
quality tyres used all around multibillion legacy that
& India internationally along with a produces
coats, toys, motorsports and presence
cricket training. MRF's origin traces back
in paints &
shack in Madras that housed its first makeshift to the humble
toy balloon
KM MammenMappillai in 1946. It was not until 1952 when itmanufacturing unit set up by
to tread rubber manufacturing. Thus began its changed course and turned
glorious reign as the
the tyre making industy. undisputed leader in
By the early 60's, MRF was exporting its
countries and soon its presence
quality
tyres to offices overseas in multiple
was known globally in 65
tyres rolling out of 8 facilities built across 450 acres, 4000 different countries with
and 180 different offices. plus strong dealer networks
Here is the data on Sales, total income, profit after taxation
and net worth for the
period 2009-2019

(Rs. in
Crore) 2019 2018 2017 2014-16 2014 2013 2012 2011 2010 2009
Sales 15837 15181.05 14749.4 22162.04 13198.12
Total 12131.16|11870.18 9743.17 7463.74 5672.84
Income
Proft
16254.4715509.55 15078.01 22483.21 13263.2 12160.19 11902.19 9768.48 7481.85 5698.2
after
1096.87 1092.28
Taxation 1451.08 2473.9 897.89 802.21 572.36
Net 619.42 353.98 253.03
Worth 10653.3 9604.2
8544.42
7161.21 4517.84 3645.142857.8 2297.77 1690.68 1361.42
 Seat Number:

Find the
descriptive statistics ike, mean,
variationfor sales, total income, profit median, standard deviation and coefticient
explain your result after taxation, net worth for the
of
period 2009-2019 and

(07

2(a) Define expectation and variance for discrete random

variable.
You plan to invest $1000 in
Information about the annual return
a
corporate bond fund or in a common
stock fund.
economic conditions
along with
(per $1000) of each of these
investments under different
as below: probability that each of
these economic
conditions will occuris
Probability Economic Corporate Bond Common Stock
Condition Fund
0.10 Fund
Recession -70
0.15 -300
Stagnation 30
0.35 -100
Slow Growth
80
0.30 100
Moderate Growth
0.10
100
150
High Growth
120
350
You want to create
fund and wish to portfolio that consists of the
a

decide which investment corporate bond fund and the

strategy would be better. conmmon stock
Compute the portfolio
corporate bond fund andexpected
common
return and portfolio risk for each of the
stock fund. Which following percentage
(i) 30% (i) 50% and portfolio would you recommend? in
(i) 70% in
corporate bond fund.
O7]
(b) Define binomial
Also write distribution. State the
formulation.
one
application of conditions/requirements
binomial distribution for
for binomial distribution.
management discipline with proper
[03]
3
Explain the concepts of
quartiles, deciles and
percentiles.
 Seat Number

is the sperd
organization
of the quality of service provided by an

One of the major

measures store selling
department
to customer large family-held
complaints A
n
with which it responds in the past several
major expansion
carpet, had undergone
a
furniture and flooring, including to a n
installation

expanded from 2 installation crews

department had
particular. the flooring
was
The business objective of the company
and 15 installation crews. a
supervisor, a measurer, resolved. During
is received and when it is
between when the complaint
to reduce the time number ot days
of carpet installation. The data on
recent year, the company got
50 complaints
of complaint is as follows:
and resolution
between the receipt of complaint

2 123 81
54 5 35 137 31 27 152

61 35
126 110 110 29
74 27 11 19
4 165 32 29 26
94 31 26 5 12

13 5 27 4 52
25 1 14 13

36 26 20 23 23 33 68 28
30 22

and draw boxplot.

(a) Compute the three quartiles
and Dg.
(b) Also compute Ps, Pes, D,
and (O), wnat would you tell a president of a company?
(c) On the basis of results of (a)
to have a complaint resolved, what would
How long a customer should expec wa
you say??

(10)