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PG Exam 2017 April : Buisness statistic

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Ashwin Deshpande
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
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NMIMS Global Access School for Continuing Education (NGA SCE) Course: Business Statistics Internal Assignment Applicable for April 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 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 1. Suppose you are the Operations Manager of an e-commerce company. Explain with examples how you can use descriptive statistics to make better managerial decisions. (10 Marks) 2. In the Master Chef 2015 Competition 10 finalists were ranked by three judges in the following orders: First Judge : 1, 6, 5, 10, 3, 2, 4, 9, 7, 8 Second Judge : 2, 5, 8, 4, 7, 10, 3, 1, 6, 9 Third Judge : 5, 4, 9, 8, 1, 2, 3, 10, 6, 7 Use the method of rank correlation to determine which pair of judges has the nearest approach in ranking the competitors. (10 Marks)

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