NMIMS Dec 2022 solved assignments - Calculate the Regression line Y on X for the following Data. Interpret the b1 only.

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Business Statistics for Decision Making

1. Calculate the Weighted Arithmetic Mean using following data.

A Rajinder-Cycle has organized recruitment for the post of Product Manager. The process involves writing test, group discussion, interview, and experience. If the candidate scores 90%, then only he/she gets selected.

The weightage for each criterion is given as below:
Criterion Weight (%)
Written test 40
Group discussion 10
Interview 30
Experience 20

Ms. Anjali Saproo scores 91, 95, 86 and 96 in each of the criterion respectively, what is her chance of getting this job? (10 Marks)

2. Calculate the Regression line Y on X for the following Data. Interpret the b1 only. Raman Kaul is running a Tea making Firm, Doda Tea Factory. He wanted to know the impact of amount his firm spending in marketing the product on sales. He has generated one sample data on sales and amount spending in marketing of the product. This sample data is available here. (10 Marks)

Sales (in ‘000 INR) Budget for marketing (in ‘000 INR)
18 1
24 1
45 1
65 1
133 1
134 2
134 2
168 2
187 2
197 2
252 3
270 3
270 3
275 3
397 3
444
3
453 3
593 4
637 4
841 5
862 5
906 5
947 5
961 5

Note: Do not use any software, calculate manually.

3. a. Write the steps of forming a sample (of size 20) only once you download the data from the provided source. I want to know the challenges that Active Registered Companies are facing in Ladakh in recent time. I will conduct interview round with them, but I need sample of 20 Active-companies of Ladakh. I want to adopt Proportionate Stratified Random Sampling. I could see all the companies are divided into subgroups (subpopulations) like public, Private and Private one person company. (5 Marks)

Data Link for the data has been provided.

https://data.gov.in/catalog/company-master-data

3. b. Write the Data-classification type of the following data along with justification. (5 Marks)

Data Source: RBI
TABLE NO. 2.14 - DISTRICT AND POPULATION GROUP-WISE CREDIT OF SCB's
MARCH 2021
Year
REGION
STATE
DISTRICT
Population Group
No. of
Offices
No. of
Accounts
Credit- Amount
Outstanding in
Crore
2021 CENTRAL
REGION CHHATTISGARH Balod Rural 51 37594 384
2021 CENTRAL
REGION CHHATTISGARH Balod Semi-urban 31 28890 601
2021 CENTRAL
REGION CHHATTISGARH Balodabazar Rural 46 136024 842
2021 CENTRAL
REGION CHHATTISGARH Balodabazar Semi-urban 62 114782 1605
2021 CENTRAL
REGION CHHATTISGARH Balrampur Rural 39 28065 397
2021 CENTRAL
REGION CHHATTISGARH Balrampur Semi-urban 10 10067 127
2021 CENTRAL
REGION CHHATTISGARH Bastar Rural 57 21732 451
2021 CENTRAL
REGION CHHATTISGARH Bastar Semi-urban 5 11321 61



For Nmims Dec 2022 answersheets contact
[email protected]
+91 95030-94040

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