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1. Nemi Mehta is owning 50 Hectares of land near Junagadh. On his Farm, he cultivates
Giloy, which is a medicinal plant in Ayurveda. The below-given table shows the sales
of ‘Giloy Vati’ that his team is preparing as per one Ayurveda script (book), and the
amount they spend on the Advertisement of it.
Nemi’s problem is to analyze the effect of Advertisement on sales. Firstly, He wants to
understand the presence of a linear relationship between the sales and ‘amount spent in
advertisement’. He also wants to run a correlation and regression to know whether he
should keep spending money on Advertisements or not. If sales figures are not affected
by advertisement, he should not spend money on it.
So, take the EXCEL output of the following and write the interpretation.
Appropriate type of Graph which can exhibit the linear relation b/w variables.
Karl Pearson’s Correlation Coefficient
Regression Analysis
Graph that shows predicted v/s actual sales figures.
Region code Sales
(INR 000s)
Advertising
(TV spots per
month) (in INR, 000s)
1 260.3 5
2 286.1 7
3 279.4 6
4 410.8 9
5 438.2 12
6 315.3 8
7 565.1 11
8 570.0 16
9 426.1 13
10 315.0 7
11 403.6 10
12 220.5 4
13 343.6 9
14 644.6 17
15 520.4 19
16 329.5 9
17 426.0 11
18 343.2 8
19 450.4 13
20 421.8 14
2. The table given below is the ‘single year age population’ (taken from census 2011).
This table shows the population of people (age-wise) living in Leh at the time of the
census 2011 survey. Transform this ungrouped data into Grouped data by forming age
groups (only five age groups), and then find out Mean, Variance, Standard deviation,
Ogive, and Histogram. Write the summary based on your calculations.
Age
in
Yea
rs
Populati
on
Age
in
Yea
rs
Populati
on
Age
in
Yea
rs
Populati
on
Age
in
Yea
rs
Populati
on
Age
in
Yea
rs
Populati
on
11 1998 22 2839 33 2696 44 1652
1 1958 12 1916 23 2935 34 2781 45 1806
2 1725 13 2138 24 3601 35 2799 46 1460
3 1814 14 2139 25 4110 36 2450 47 1226
4 1768 15 2096 26 4089 37 2142 48 1225
5 1871 16 2044 27 3716 38 2114 49 1006
6 1888 17 2027 28 3702 39 1725 50 1454
7 1768 18 2065 29 3084 40 2218
8 1712 19 2013 30 3475 41 1802
9 1780 20 2459 31 2844 42 1751
10 1862 21 2594 32 2684 43 1659
Source: Data.Gov.in
(10 Marks)
3.a. The given table shows the rainfall of Gujarat Region. Forecast the rainfall using
Exponential Smoothing. Use Alpha =0.2, 0.5 and 0.8. Data is available from 1997 to
2016, use this series for the calculation and forecast the rainfall for the year 2017. To
know, what extent the prediction is correct, actual rainfall for 2017 (1024.4
millimeters) is provided. Based on MSE and MAD, find out which alpha values
among the three suggestions are relatively near to actual value?
SUBDIVISION YEAR ANNUAL (in MM)
Gujarat Region 1997 1068.9
Gujarat Region 1998 1070
Gujarat Region 1999 568.4
Gujarat Region 2000 550.6
Gujarat Region 2001 849
Gujarat Region 2002 637.2
Gujarat Region 2003 1160.3
Gujarat Region 2004 1005.8
Gujarat Region 2005 1316.4
Gujarat Region 2006 1478
Gujarat Region 2007 1178.9
Gujarat Region 2008 911.1
Gujarat Region 2009 641.6
Gujarat Region 2010 1088.7
Gujarat Region 2011 890.5
Gujarat Region 2012 714
Gujarat Region 2013 1118.6
Gujarat Region 2014 705.7
Gujarat Region 2015 622.9
Gujarat Region 2016 764.9
Source: Data.Gov.in
(5 Marks)
3.b. A new gas-electric hybrid car has recently hit the market. The distance traveled on
1 gallon of fuel is normally distributed with a mean of 65 miles and a standard
deviation of 4 miles. Find the probability of the following events. (show the
concerned region by z curve)
1. The car travels more than 70 miles per gallon.
2. The car travels less than 60 miles per gallon.
3. The car travels between 55 and 70 miles per gallon.
(5 Marks)
The NMIMS University in Brief
When it comes to receiving an education, one’s age does not matter in any way. whenever one believes they are capable of achieving their educational goals. NMIMS is a name that is respected and well-known worldwide, making it a good option to consider if you are seeking for a top university that provides management classes via online distance learning. The Narsee Morjee Institute of Management Studies, also known as NMIMS, is recognized as an accredited university.
Introduction to NMIMS
NMIMS was established in 1981 as a management school connected with the University of Mumbai by Shri Vile Parle Kelavari Mandal with funding provided by the Narsee Monjee Educational Trust. It has campuses in Bangalore, Indore, Hyderabad, and Shirpur in addition to its headquarters in Vile Parle, Mumbai, Maharashtra, India.
The distant education program was introduced in 1994, when universities realized that young people wanted access to quality education without having to attend traditional classroom-based courses. The University Grants Commission (UGC) and the distant Education Bureau (DEB) both recognize the distant education program.
The NMIMS distant learning program helps working professionals improve their employability. The distance learning program offered by NMIMS (Narsee Monjee) is available in 29 Indian cities, has 9 regional offices, and has more than 80 authorized enrollment partners.
NMIMS University’s course offerings
In essence, NMIMS University offers postgraduate diploma programs through its 2-year NMIMS Global Access School for Continuing Education (UGA-SCE), which also offers 6-month certificate programs and 1-year diploma programs.
NMIMS solved assignments available for June 2024 cycle.