Quantitative Techniques & Methods

B.Com. 4th Semester

QUANTITATIVE TECHNIQUES AND METHODS

Important Questions (Theoretical only)

1.  What is meant by Quantitative Techniques? Describe the important quantitative techniques that are used in business and industry.

2.  Discuss the role and functions of Quantitative Techniques.

3.  Discuss the scope and limitations of Quantitative Techniques.

4.  Define probability. Explain the various laws of probability with the help of suitable examples.

5.  Discuss the Baye’s theorem. Explain its application with any example.

6.  Discuss the properties of normal distribution.

7.  Differentiate between Binomial and Poisson distribution.

8.  What do you mean by linear programming problem? Discuss the application of LPP in various functional areas of management.

9.  Explain duality in LPP.

10.  What do you understand by interpolation? Also discuss the underlying assumptions for the validity of various methods used for interpolation.

11.  Discuss the utility of interpolation and extrapolation for a business.

12.  Define correlation. Discuss the different methods of finding correlation.

13.  How correlation is significant? Discuss.

14.  How correlation and regression are different? Explain in detail.

15.  What do you understand by regression? What are the properties of regression coefficient?

16.  Discuss the various types of regression in brief.

17.  Explain : (a) Equally likely events      

  (b) Mutually exclusive events     

      (c) Compound events

(d) Exhaustive & Complementary events

(e) Spurious correlation                                       

(f) Non-linear correlation