ASIAN SCHOOL OF BUSINESS MANAGEMENT

PGDM (2016-18)
Assignment-1(Group wise)
Subject: QT for Managers (QTM)

Max.Marks:10

Question No: 1 Group wise assignment with the following table for first question only.

Group-1

Every average has its own peculiar characteristics. It is difficult to say which
average is the best. Explain it with suitable example.

Group-2

What do you understand by central tendency? Under what conditions is the

median more suitable than other measures of central tendency?

Group-3

Define statistics. Explain why is it necessary to learn statistics?

Group-4

Statistical methods are most dangerous tools in the hands of an inexpert.

Statistics is one of those sciences whose adept must exercise the self-restraint
of an artist. Elucidate.

Group-5

Discuss important applications of statistics with reference decision-making in

modern business and industry. And briefly describe its limitations if any.

Group-6

Today Statistics is an indispensable tool in any sphere of human activity.

Briefly explain the statement.

Group-7

What is data? Explain about different types of data with suitable examples each.

Group-8

Define statistics. Compare on statistics and parameter. Discuss its application

in the management of business organization.

Question No: 2 Second question should perform individually (similar data will not
entertained and considered as rejection).

Choose any company and collected data related its sales (in numbers or in
rupees) at least 10- individual years or months. Find out its central value
(mean, median, & mode) and its Dispersion using range, mean deviation and
standard deviation.