NMIMS Global Access
School for Continuing Education (NGA‐SCE)
Course: Business Statistics
Semester: II / III
Q1) In today’s global scenario, Quantitative Techniques are widely used to take business
decisions. Decision-Making on rational and logical basis has become imperative.
Sampling techniques are used for analysis. However, these techniques do have their
limitations. If you are a statistical analyst,what are the various limitations you would
encounter in your sampling techniques? What types of sampling and non-sampling errors
would you encounter? Write about them.
Q2) You are given the position about a certain data in a factory before and after the settlement
of an industrial dispute. Critically analyze the data and comment onthe gains/losses for
the workers as well as the management point of view
Before After
No. of workers 2,400 2,350
Mean Wages (Rs) 45.5 47.5
Median Wages (Rs) 48 45
Standard Deviation (Rs) 12 10
School for Continuing Education (NGA‐SCE)
Course: Business Statistics
Semester: II / III
Q1) In today’s global scenario, Quantitative Techniques are widely used to take business
decisions. Decision-Making on rational and logical basis has become imperative.
Sampling techniques are used for analysis. However, these techniques do have their
limitations. If you are a statistical analyst,what are the various limitations you would
encounter in your sampling techniques? What types of sampling and non-sampling errors
would you encounter? Write about them.
Q2) You are given the position about a certain data in a factory before and after the settlement
of an industrial dispute. Critically analyze the data and comment onthe gains/losses for
the workers as well as the management point of view
Before After
No. of workers 2,400 2,350
Mean Wages (Rs) 45.5 47.5
Median Wages (Rs) 48 45
Standard Deviation (Rs) 12 10
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