QUANTITATIVE METHODS

FULLY SOLVED BOOK 

 

QUANTITATIVE METHODS

 

Unit 1
Descriptive Statistics: Measures of Central Tendency- mean, median,
mode, Measures of Dispersion- Standard deviation, variance, Coefficient of Variance.
Unit 2
Correlation and Regression: Scatter Diagram, Karl Pearson
correlation, Spearman’s Rank correlation (one way table only), simple
and multiple regression (problems on simple regression only)
Unit 3
Probability Distribution: Concept and definition - Rules of probability
– Random variables –Concept of probability distribution – Theoretical
probability distributions: Binomial, Poisson, Normal and Exponential –
Baye’s theorem (No derivation) (Problems only on Binomial, Poisson
and Normal).
Unit 4
Decision Theory: Introduction – Steps of decision making process-types
of decision making environments-decision making under uncertaintyDecision making under Risk- Decision tree analysis (only Theory)
Unit 5
Linear Programming: structure, advantages, disadvantages,
formulation of LPP, solution using Graphical method.
Transportation problem: basic feasible solution using NWCM, LCM,
and VAM unbalanced, restricted and maximization problems.14
Unit 6
Project Management: Introduction – Basic difference between PERT
& CPM – Network components and precedence relationships – Critical
path analysis – Project scheduling – Project time-cost trade off –
Resource allocation, basic concept of project crashing.