IILM Greater Noida

PGDM
Batch 2019-2021
Supplementary Examination I
Module Name – Quantitative Techniques and Data Analysis
Module Code – 511
Open Book Examination-Online Submission

Trimester – I Maximum Marks: 20

Academic Session: July 2019- Sept 2019 Duration: 2 Hours

INSTRUCTIONS
• All Questions are Compulsory.
• Marks are indicated against each question.
• Detailed explanations should form part of your answer.
• Calculator is permitted.
• Student Roll Number :- _____________________ (To be filled by student)

Answer ALL questions

All questions carry equal marks
(4 X 5 Marks = 20 Marks)

Q1. Given the output sheet below, answer the questions that follow:
SUMMARY
OUTPUT
Regression Statistics
Multiple R 0.439286879
R Square 0.192972962
Adjusted R Square 0.15360579
Standard Error 0.159871212
Observations 44

ANOVA
Significance
df SS MS F F
Regression 2 0.25057 0.12529 4.90188 0.01234
Residual 41 1.04791 0.02556
Total 43 1.29848

Standard Upper
Coefficients Error t Stat P-value Lower 95% 95%
Intercept -0.0214 0.1196 -0.1788 0.8590 -0.2628 0.2201
X Variable 1 0.4439 0.1541 2.8795 0.0063 0.1326 0.7552
X Variable 2 0.1233 0.0757 1.6282 0.1111 -0.0296 0.2762

a. Write the regression equation as suggested by the output sheet above.

b. Is the model a better fit to the data than a model that contains no independent variables?
c. What does adjusted R-squared of 0.154 indicate?
d. Which of the variables in the regression are statistically significant and which specific value
in the output table indicates the same?
(1+1+1+2=5 marks)

Page 1 of 2
Q2. The first project assigned to you as a part of your business management program requires
you to find the relationship between level of education and income in Greater Noida. You are
allowed to sample a group of 150 individuals. Suggest how you will carry out the assignment.
List down step by step the methodology you would follow clearly identifying (a) how would
you do the sampling (justify your choice), (b) how will you test the relationship if any (clearly
mentioning the null and alternative hypothesis).
(3+2=5Marks)

Q3. Income in country A is not normally distributed. A group of 100 surveyors sample different
sections of the population and each of them sample a group of 40 individuals each day for 10
days creating a total of 1000 samples. The mean and standard deviation of each sample is
plotted. How would the distribution look like? What are the properties of this distribution? What
is the standard deviation of the distribution? (1+2+2 = 5 Marks)

Q4. A large group of students took a test in Physics and the final grades have a mean of 60 and a
standard deviation of 10. If we can approximate the distribution of these grades by a normal
distribution, what percent of the students

a) scored higher than 90?

b) should pass the test (grades≥60)?

c) should fail the test (grades<60)?

d) have grades between 50 and 70

e) What is the median and mode of the group? (1mark each,1*5=5 marks)

END OF DOCUMENT

Page 2 of 2