MCO 022 : Quantitative Analysis and Managerial Application in English Solved Assignment 2025-26

1. a) What do you understand by the term correlation? Explain how the study of correlation helps in forecasting demand of a product.
b) What are ogives? Discuss the method of constructing ogives with the help of
an example.
2. a) Describe the four states of decision environment in managerial applications. Which is the most prevalent state? Give reasons with examples.
b) Define matrices. Give examples of some special matrices. How would you represent the data of a transportation problem in the matrix form?
3. a) What do you understand by decision theory? What are the key issues in decision theory? Explain decision tree approach for managerial applications.
b) Explain forecasting methods for long, medium and short-term decisions.
4. Write short notes on the following:
a) Binomial Distribution
b) Consideration in the choice of a forecasting method
c) Testing the Goodness of Fit
d) Forecast Control
5. Distinguish between the following:
a) Pilot testing and Pre-testing
b) Null Hypothesis and Alternate Hypothesis
c) Mean and Median
d) Probability and Non-Probability Sampling