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Description MBCQ721D-Quantitative Techniques for Management Application- Assignment-1
Total Questions: 63
Total Marks: 100
Assignment Information :
The examination will consist of only Objective type (multiple choice) questions requiring candidates to Mouse-click their correct choice
of alternatives against the related question number. The questions would carry 1 to 5 marks each depending on the difficulty level of the
question as indicated in the table below:
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The question paper will be for 100 marks and considering marks allotted to each question, the total number of questions would
Question Completionbe
Status:
around 63.
There will not be negative marking for wrong answers.
In case candidate does not want to attempt the question he I she should not mouse-click any option.
The students are allowed to save the responses and come back later to resume, complete and "Save and Submit" the
assignment. However, if the Due Date has expired, then the assignment will not be accessible and will be marked as zero. In
such cases, the student can re-attempt the assignment allocated after enrolling in the subsequent Semester.
Once submitted, that answer sheet cannot be retreieved for any editing. The student has to initiate a new attempt (if allowed), if
he has submitted the assignment by mistake.
The students are normally allowed 3 chances to attempt and submit the assignment. The number of attempts availed is
displayed under the "Test Information".
The Highest Grade of the 3 attempts shall be considered for grading.
The assignments are auto evaluated, and hence no chance of re-evaluation/re-totalling is allowed to the student.
Every decision making task results in an ___________ which is the evidence of the decision taken.
Input
Early Manner
Output
Permanent
___________ strategy is the decision rule which is always followed by the player to select the particular course of
action.
Clean
Big
Formal
Pure
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In industry, it is ultimately some kind of product, that is, a good service or on ___________.
Idea
Bad Service
Plan
Decision
The term “_____________” represents a conflict between two or more individuals or groups or organizations.
Theory
Game
Processors
Behaviour
In a game with two players, if the gain of one player is equal to the loss of another player, then the game is a two
person ___________________ game.
One-sum
All-sum
Zero-sum
Few-sum
The solution to a transportation problemwith m-rows and n-coloumns (destination) is feasible if number of positive
allocations are-:
m+n-1
m+n
mxn
m+n+1
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A strategy
Question can also
Completion be dominated when it is _____________ to an average of two or more pure strategies.
Status:
Smaller
Inferior
Lesser
Superior
This decision-making is referred to as the minimax-maximin principle to obtain the best possible selection of a
strategy for the ____________.
Player
Game
Calculations
Strategies
Q U E S T I O N 11 2 points Saved
To convert the unbalanced transportation problem into a balanced problem, add a _____________ destination.
Extra
Dummy
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Dummy
Question Completion
Single Status:
Double
The reasoning takes place in the decision making rectangle which is sometimes referred to as, quite appropriately,
the ____________ box.
Blue
Red
Pink
Black
If the maximin value is equal to minimax value, the game has a _____________ point.
Starting
Ending
Saddle
Formal
What is the probability that a value chosen at random from a population is larger than the median of the
population.
0.25
05
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0.5
Question Completion Status:
0.75
None
If the number of rows of a matrix is equal to its number of columns, the matrix is said to be a ________________
matrix.
Square
Circular
Singular
Rectangular
The method of testing the consistency of a system is also provided by the matrix _____________.
Algebra
Formulaes
Methord
All Three
Probabilities of all the various possible outcomes of a trial must sum to _________________.
Two
Five
Zero
One
Mathemetical
Question Completion Status:
Explicitly
Implicitly
Both
None
____________ probability distributions are those in which the random variable can take on only specific values.
Same
Continuous
Discrete
Different
In the ___________ situation the information is completely known and the outcome of a specified decision can be
predetermined with certainty.
Oligopolistic
Monopolistic
both A and B
D t i i ti
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Deterministic
Question Completion Status:
The transition matrix elements remain positive from one period to the next.This property is known as the regular
property of Markov model
True
False
If the demand shows an increasing pattern, exponential smoothing should be used as a forecasting technique.
True
False
Information, which is the processed form of data, refers to collection of numbers, letters, or symbols, maintained or
produced for the mangement when required.
True
False
A numeric value that indicate the ratio of standard deviation to mean is called coefficient of variation.
True
False
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QUESTION 29
1 points Saved
primary data represents those items that are collected for the first time and first hand.
True
False
Two or more events are none exclusive if only one of the events can occur on any one trial.
True
False
A decisions tree is a decision flow diagram that includes branches leading to alternatives one can select among
the usual branches leading to events that depend on probabilities.
True
False
Question
TheCompletion Status: the more accurate are its indications for the population.
larger the sample,
True
False
A variable, the building block of the decision task, may be seen as a small piece of a complex Behaviour.
True
False
A game is played when each player chooses a course of action (strategy) out of the available value
True
False
Multiplying 'n' observations of a data and taking their square root gives the harmonic mean.
True
False
False
Question Completion Status:
The break even point is when profit = 1 that is your revenue is equal to your costs.
True
False
Probabilities are always greater than or equal to zero and are less than or equal to one.
True
False
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Q U ECompletion
Question S T I O N 4 Status:
5 1 points Saved
In calculating simple arithmetic mean it is assumed that all items were equal in importance.
True
False
In risk situation the information is completely known and the outcome of a specified decision can be
predetermined with certainty.
True
False
Mathematical averages are those which utilize mathematical formula for the calculation of their values
True
False
True
False
evvp is the maximum obtainable expected monetary value based on perfect information as to which state of
nature will occur.
True
False
If two rows of a determinant are interchanged, its value remains the same.
True
False
In stratified sampling method the entire population is divided into a number of groups called stars
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In stratified sampling method, the entire population is divided into a number of groups called stars
True
Question Completion Status:
False
Variables are the terms used for economic quantities that can assume any values within a given set.
True
False
The Delphi method consists of a panel of experts and a series of rounds during which forecasts are made via
questionnaire.
True
False
Linear Equation may be defined as an equation where the power of the variable(s) is one and no cross or product
terms are present.
True
False
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