Distinguish between decision
Quantitative Techniques
Question:
Q1. Distinguish between decision making under certainty and decision making under uncertainty. Mention certain methods for solving decision problems under uncertainty. Discuss how these methods can be applied to solve decision problems.
Q2. Distinguish between probability and non-probability sampling. Elucidate the reasons for the use of non-probability sampling in many situations in spite of its theoretical weaknesses.
Q3. What are models? Discuss the role of models in decision-making. How can you classify models on the basis of behavior characteristics?
Q4. What are matrices? How are determinants different from matrices? Discuss few applications of matrices in business.
Section B
Q1. Write short notes on any ten of the following:
a) Concept of Maxima and Minima
b) Types of classification of data
c) Pascal Distribution
d) Multi-stage sampling & Multi-phase sampling
e) Box-Jenkins Models for Time Series
f) Determinant of a Square Matrix
g) Primary and Secondary Data
h) Bernoulli Process
i) The Student’s Distribution
j) Use of Auto-correlations in identifying Time Series
k) Absolute value function
i) Quantiles
l) Criteria of pessimism in decision theory
m) Cluster vs. Stratum
n) Moving average models
o) Step function
p) More than type ogive
q) Subjectivist’s criterion in decision making
r) Double sampling
s) Auto regressive models
Need Answer Sheet of this Question paper, contact
aravind.banakar@gmail.com
ARAVIND – 09901366442 – 09902787224
We are a team of highly committed professionals, who aim at helping Clients to achieve their Goals. We believe in establishing long-term relationships with our clients by delivering value added services of high quality. We are sensitive to our Clients requirements without compromising on values like Integrity and trust. Understanding the abilities, offering them Quality services and meeting our client’s requirements at the right time are our Forte.
We are in to this business since 14 years. And we are providing case study Answers, Assignment solutions, Multiple Question Answers and Project Reports of more than 40 + International B School (Indian and Foreign Universities)
Currently we are having more than 2, 00,000 Case study Answers. And 4,000 newly created Project Reports.
We are global leader in providing help to students for their assignments, projects, homework, Dissertation etc. Our ultimate aim is students best results and there long term relation with us. Our services are focused on, on time delivery, superior quality, creativity, and originality for every assignment we do.