NMIMS – Decision Science
Decision Science
![](https://mbacasestudyanswers.com/wp-content/uploads/2024/02/NMIMS-MBA-2nd-Sem-Business-Analytics-Solved-Assignment-1-1-3.jpg)
1. Calculate the probability for the following statements. Draw the Probability tree diagram also.
In a medical college in Pune (a class of 100 people), 30 % of people Like to have Misal-pav at the farewell party as per the Google form survey. The remaining people have chosen Vada Pav. Out of those who have chosen Misal-pav 50 % said that they would eat only Jain Misal pav. Well, 30 % of those who have chosen Vadapav, also said they would have Jain Vadapav only.
What is the stack (percent & number) of people who will have Jain Food (including MISal pav and Vadapav)
What is the probability of selecting a person who would eat Misal pav given that person’s diet type is Jain? (10 Marks)
Note: Handmade drawing of Diagrams is prohibited; prepare it with the help of software like MS Word.
2. Write the interpretation for the following regression model. You are advised to run the analysis using MS EXCEL.
Here is Hiranmayee Dhar, an entrepreneur who is running “Pashminaa” a store of Pashmina shawls. She is targeting customers via social media applications; she has chosen Instagram as a platform and has also chosen REELs to advertise her products. She is looking for a forecasting model to understand the impact of no of likes of the REELs demonstrating the product and its sales (in number of units). (10 Marks)
Reel Number
Reel 1
Reel 2
Reel 3
Reel 4
Reel 5
Reel 6
Reel 7
Reel 8
Reel 9
Reel 10
Reel 11
Reel 12
Reel 13
Reel 14
Reel 15
Reel 16
Reel 17
Reel 18
Reel 19
Reel 20
Reel 21
Reel 22
Reel 23
Reel 24
Reel 25
Reel 26
Reel 27
Reel 28
Reel 29
Reel 30
Reel 31
Number of units sold
24
24
24
24
26
28
28
29
30
31
32
32
35
35
36
36
38
38
39
40
41
41
41
42
46
46
46
48
48
48
49
Number of likes
1503
1564
1649
1882
1924
1937
1944
2086
2150
2215
2366
2472
2622
2792
2871
2973
3000
3024
3319
3336
3337
3413
3479
3577
3617
3922
4332
4562
4577
4763
4964
Write the regression model.
Discuss the R-square, Multiple R
Discuss the ANOVA
Discuss the Significance of the Independent variable and B1 value.
3.a) Draw an appropriate chart for the following. Also, write your clarification for choosing that graph. For each variable identify a time-series component present if you consider the long-term pattern. (5 Marks)
Table: Production of Commercial crops. (Source: RBI)
Year
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
Groundnut (Lakh Tonnes)
64
70
41
81
68
80
49
92
72
54
83
70
47
97
74
67
75
93
67
100
102
101
Rapeseed & Mustard (Lakh Tonnes)
42
51
39
63
76
81
74
58
72
66
82
66
80
79
63
68
79
84
93
91
102
118
Soybean (Lakh Tonnes)
53
60
47
78
69
83
89
110
99
100
127
122
147
119
104
86
132
109
133
112
126
130
Note: Here you are advised to use Software like EXCEL for making Graphs, copy them, and paste into your assignment file. Snapshots are not allowed.
3.b) Write the sampling plan for the following study. Also write, what is recommended according to you, census survey or sample Survey?
Imagine yourself doing PhD in NMIMS, for one of your research papers you require a primary survey to understand the social media consumption of LinkedIn users. Your goal is to understand why they are using LinkedIn, how many hours a day, and the activities they do on the same platform. You do have a research questionnaire in your hand as per your proper literature study. Now, the question is about survey and data collection. (5 Marks)
At Global Study Solutions, we take immense pride in our ability to offer specialized support to students pursuing various programs at NMIMS University (Narsee Monjee Institute of Management Studies). Our dedicated team comprises experienced professionals who excel in crafting precise and well-researched solutions for assignments and case studies across different disciplines and courses.
Our commitment to aiding students in achieving academic success aligns perfectly with the educational standards upheld by NMIMS University (Narsee Monjee Institute of Management Studies). We understand the importance of delivering high-quality, customized solutions that meet the unique requirements of assignments and case studies within the University’s curriculum.
Whether in MBA, BBA, BBM, MSc, PGDM, or any other programs offered at NMIMS University, (Narsee Monjee Institute of Management Studies). Our team is equipped to provide expert guidance and meticulously crafted solutions. We prioritize accuracy, originality, and timely delivery; ensuring students receive the necessary assistance to excel academically.
We are dedicated to fostering an environment of academic excellence and providing dependable support to the esteemed students of NMIMS University. (Narsee Monjee Institute of Management Studies).
Get expert assistance with your NMIMS University (Narsee Monjee Institute of Management Studies). Assignments and answer sheets from our professional academic writing services.
Our team specializes in supporting students with NMIMS University (Narsee Monjee Institute of Management Studies). Coursework, ensuring top-notch answer sheets and comprehensive solutions.
Ace, with our tailored assistance, your NMIMS University exams, offering precise guidance and accurate answer sheet preparation.
Seeking reliable help for your NMIMS University studies? Trust our academic writing services for meticulously crafted answer sheets and exceptional support.
Score high in your NMIMS University (Narsee Monjee Institute of Management Studies). assessments by availing our expert aid in preparing comprehensive and well-structured answer sheets.
NMIMS University (Narsee Monjee Institute of Management Studies). assignments, solved papers, and study materials are available through our academic writing services.
Seeking assistance with NMIMS University coursework? Our professional team delivers accurate and timely solutions for all your academic needs.
Our specialized academic writing support simplifies access to NMIMS University question papers and model answers.
Need expert guidance for your NMIMS University assessments? Our service offers comprehensive solutions for students seeking assistance.
Our academic writing services ensure precise and high-quality answers for NMIMS University (Narsee Monjee Institute of Management Studies). assignments, aiding students in their educational journey.