STATISTICS FOR

MANAGEMENT
AFTERSCHO☺OL
– DEVELOPING CHANGE MAKERS
CENTRE FOR SOCIAL ENTREPRENEURSHIP
PGPSE PROGRAMME –
World’ Most Comprehensive programme in social
entrepreneurship & spiritual entrepreneurship
OPEN FOR ALL FREE FOR ALL

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 STATISTICS FOR
MANAGEMENT
Dr. T.K. Jain.
AFTERSCHO☺OL
Centre for social entrepreneurship
Bikaner M: 9414430763
tkjainbkn@yahoo.co.in
www.afterschool.tk, www.afterschoool.tk
www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS
 FIND THE PROBABILITY THAT A
4 DIGIT NUMBER MADE FROM
2,5,6,7 IS DIVISIBLE BY 4?

• Any number is divisible by 4 only if the last

2 digits are divisible by 4. If the last 2 digits
are 56, 76, 72,52 then the number will be
divisible by 4. Keeping these as last 2
digits, we can make 2 numbers from each
of these. Thus we have 8 possibilities.
• The total number of possibilities are 4! =
24. Thus required probability is 8/24 or 1/3.
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 A committee has to be formed of 7
members from 8 boys and 5 girls.
What is the probability that the
committee will have 2 girls?
• 13C7 gives total possibilities:
• 13!/(7! * 6!) =
13*12*11*10*9*8/6*5*4*3*2*1 =1716
• Selecting 2 girls means:
• 8C5*5c2 = 8!/(5!*3!) * 5!/(3!*2!) = 560
• =560/1716 = .326
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 A dice is rolled twice, what is the
probability that you get a difference
of 2 points?
• 6^2 =36 are total possibilities
• Difference of 2: (6,4), (5,3) (4,2) (3,1)
(1,3),(2,4), (3,5), (4,6)
• Thus there are 8 possibilities
• 8/36 = 2/9 answer.

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 For 2 events A and B, P(b) is .3
and P (A but not b) =.4
P (not A) =.6, what are A & B?

• Total of P(A) and P (B) is .7, that means

they are not exhaustive (if they had been
exhaustive, their total should have been
1).
• P(notA) and P(A but not b) together are 1
that means there is no common area
between A & B. Thus these are mutually
exclusive events.
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 30%, 40%, 50% failed in Accounts,
Maths and at least one of these 2
papers

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What is P(AUB), if P(A) = ½, P(B) =
2/3 and P(Ā UB) =5/6
• A + B = ½ + 2/3 = 7/6
• From this we have to deduct the
common area of A & B.
• Let us add P(Ā UB) =5/6 + P(A)
=1/2
• This is = 8/6 thus 8/6 -1 = 2/6=1/3
• 1/3 is intersection of A &B.
• 7/6 -1/3 = 5/6 is the answer.
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 7^(2n+2) -48n -49 must be divisible
by ?
• Let us try for n =0, 1, 2, 3 and find the
answer:
• 49 – 49 = 0
• N=1
• 2401 – 48 – 49 = 2304
• N = 2:
• 117649 -96 – 49 = 117504
• Thus 2304 is the answer.
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 41,31,23,17,11. . ?
• Options 6,5,8,10
• Answer: We have prime numbers at
interval of one. Thus next prime number is
5 ans.

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 2,9,28,65,126 . . ?
• options; 261,217,198,180,..
• 1^3+1 = 2
• 2^3 +1 = 9
• 3^3 +1 = 28
• 4^3 +1 = 65
• 5^3 +1 = 126
• 6^3 +1 = 217 answer.

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 What is the slope of the line: A (-
3,5) and B(4,2) is ?
• Slope = (Y2 – Y1) / (X2 – X1)
• = (2-5) / (4-(-3))
• =-3/7 answer.

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 ABC is a triangle with A (7,-3), B
(3,-1), C (5,3), then what is the
length of the median AD?

• D is mid point between B and C. Mid point

of B and c is:
• 8/2 = 4 and 2/2 = 1 thus we have to find
distance from A to (4,1)
• Thus distance is sqrt ((7-4)^2 + (-3-1)^2)
• Thus answer is 5.

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 Three circles of radius 3 CM each
are tangent to each other. Find the
area between them (surrounded by
these circles, but don’t include the
area of circles) ?
• Find the area of equilateral triangle joining
the 3 circles: (1.732/4 *6*6) =15.58
• Find the area of half circle : ½*22/7*3*3
• =14.14
• Thus the area is : 1.44 ans.
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 Two circles touch each other
externally, the sum of their areas is
130 pi. Distance between their
centres is 14. What is the radii of
these circles?
• Let us assume one radius is r and other (14-r)
• Pi*r^2 +pi* (14-r)^2 = 130 pi
• R^2 +196 -28r +r^2 = 130
• 2R^2 -28R + 66 = 0 or R = solve it: 11 or 3 answer.

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 What is the ratio of revenue of Telecom &
health care to that of e-business?

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 Solution
• 1:2

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 In the previous question, what is the ratio of
revenue of Telecom & health care to that of
education?
• 6: 55 answer.

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 For how many countries, the
figures are less than average in
2000 and 2004?

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 Solution
• 5 in each.

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 Mixture of 40 liters of milk and
water contains 10% water. How
much water should be added to
make water 20%?

• Water is 4 and milk is 36 now 36 is 80 %

• 36*100/80 = 45
• Thus 5 liters water should be added.

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 Data sufficiency question

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 Solution
• Both the statements are required together
and then we can find that Y = 75 degrees.

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 ABOUT AFTERSCHO☺OL
Afterschoool conducts three year integrated PGPSE (after class
12th along with IAS / CA / CS) and 18 month PGPSE (Post
Graduate Programme in Social Entrepreneurship) along with
preparation for CS / CFP / CFA /CMA / FRM. This course is also
available online also. It also conducts workshops on social
entrepreneurship in schools and colleges all over India – start
social entrepreneurship club in your institution today with the help
from afterschoool and help us in developing society.

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 Why such a programme?
• To promote people to take up entrepreneurship
and help develop the society
• To enable people to take up franchising and
other such options to start a business / social
development project
• To enable people to take up social development
as their mission
• To enable people to promote spirituality and
positive thinking in the world

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 Who are our supporters?
• Afterschoolians, our past beneficiaries,
entrepreneurs and social entrepreneurs
are supporting us.
• You can also support us – not necessarily
by money – but by being promotor of our
concept and our ideas.

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 About AFTERSCHO☺OL PGPSE – the
best programme for developing great
entrepreneurs
• Most flexible, adaptive but rigorous programme
• Available in distance learning mode
• Case study focused- latest cases
• Industry oriented practical curriculum
• Designed to make you entrepreneurs – not just an
employee
• Option to take up part time job – so earn while you learn
• The only absolutely free course on internet

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 Workshops from
AFTERSCHO☺OL
• IIF, Delhi
• CIPS, Jaipur
• ICSI Hyderabad Branch
• Gyan Vihar, Jaipur
• Apex Institute of Management, Jaipur
• Aravali Institute of Management, Jodhpur
• Xavier Institute of Management, Bhubaneshwar
• Pacific Institute, Udaipur
• Engineering College, Hyderabad

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 Flexible Specialisations:
• Spiritualising business and society
• Rural development and transformation
• HRD and Education, Social Development
• NGO and voluntary work
• Investment analysis,microfinance and inclusion
• Retail sector, BPO, KPO
• Accounting & Information system (with CA / CS /CMA)
• Hospital management and Health care
• Hospitality sector and culture and heritage
• Other sectors of high growth, high technology and social
relevance

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 Salient features:
• The only programme of its kind (in the whole world)
• No publicity and low profile course
• For those who want to achieve success in life – not just a
degree
• Flexible – you may stay for a month and continue the rest of the
education by distance mode. / you may attend weekend classes
• Scholarships for those from poor economic background
• Latest and constantly changing curriculum – keeping pace with
the time
• Placement for those who are interested
• Admissions open throughout the year
• Latest and most advanced technologies, books and study
material

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 Components
• Pedagogy curriculum and approach based on IIM Ahmedabad and ISB
Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad)
• Meditation, spiritualisation, and self development
• Essential softwares for business
• Business plan, Research projects
• Participation in conferences / seminars
• Workshops on leadership, team building etc.
• Written submissions of research projects/articles / papers
• Interview of entrepreneurs, writing biographies of entrepreneurs
• Editing of journals / newsletters
• Consultancy / research projects
• Assignments, communication skill workshops
• Participation in conferences and seminars
• Group discussions, mock interviews, self development diaryng
• Mind Power Training & writing workshop (by Dr. T.K.Jain)

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 Pedagogy
• Case analysis,
• Articles from Harvard Business Review
• Quiz, seminars, workshops, games,
• Visits to entrepreneurs and industrial visits
• Presentations, Latest audio-visuals
• Group discussions and group projects
• Periodic self assessment
• Mentoring and counselling
• Study exchange programme (with institutions out of India)
• Rural development / Social welfare projects

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 Branches
• AFTERSCHO☺OL will shortly open its
branches in important cities in India
including Delhi, Kota, Mumbai, Gurgaon
and other important cities.
Afterschooolians will be responsible for
managing and developing these branches
– and for promoting social entrepreneurs.

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 Case Studies
• We want to write case studies on social
entrepreneurs, first generation
entrepreneurs, ethical entrepreneurs.
Please help us in this process. Help us to
be in touch with entrepreneurs, so that we
may develop entrepreneurs.

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Basic values at AFTERSCHO☺OL
• Share to learn more
• Interact to develop yourself
• Fear is your worst enemy
• Make mistakes to learn
• Study & discuss in a group
• Criticism is the healthy route to mutual support and
help
• Ask fundamental questions : why, when, how &
where?
• Embrace change – and compete with yourself only

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 www.afterschoool.tk
social entrepreneurship for better
society

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