Summer-II 2016-2017
ASSIGNMENT
Individual Work
EXAMINATION INFORMATION
Course Code: BUS-230 Course Title:
Quantitative Business Analysis
August 2017 Assignment
Type: Individual Total Marks: 30
Weightage: 30%
EXAMINATION
GUIDED INSTRUCTIONS
1. This is
an individual Assignment. Each student MUST submit his/her work along with this
cover page.
2. Read the
questions carefully before solving it. Practice work for each question MUST be
presented on the answer sheet when and where it requires.
3. Before
submitting your assignment/homework, kindly READ the MCM plagiarism policy in
your student’s handbook.
FOR EXAMINER’S USE ONLY
Item Questions Total
Question No. Q-1 Q-2 Q-3 Q-4 Q-5
30
(Weight: 30%)
CLO’s Addressed CLO:
3 CLO: 4 CLO
6 CLO 5 CLO 4
Marks allocated 8
marks 8 marks 5 marks 5 marks 4
marks
Marks obtained
Marks obtained (in words)
Question-1:
(4 +4 = 8 marks)
a) Define
Linear Programming? Critically evaluate the importance of Linear Programming in
management decisions regarding resource allocation.
b) A
Furniture Company produces two products: (1) Tables (T) and (2) Chairs (C).
The production process for each product
is similar in that both require a certain number of hours available for
carpentry work and for painting and varnishing in the assembly line. The profit
maximizing function for the manufacturer is given as:
?= 70T + 50C
Subject to the constraints;
4T + 3C ? 240
(carpentry constraints)
2 T + 1C ? 100
(painting and varnishing constraints)
T, C ? 0 (non-negativity constraints)
Where;
T = number of tables to be produced
C = number of chairs to be produced
Determine the best possible product mix of tables (T) and
chairs (C) which give the maximum profit to the manufacturer?
Question-2: (3 +5 = 8 marks)
a) Differentiate
Risk and Uncertainty?
b) Given
below are the likely returns in case of shares of two joint stock companies VCC
and LCC in the stock exchange market during the various economic conditions.
The shares of both companies are presently quoted at AED: 100 per share.
Economic Conditions Probability Returns from VCC Returns from LCC
High Growth 0.4 100 150
Low Growth 0.3 110 130
Stagnation 0.2 120 90
Recession 0.1 140 60
Which of the TWO companies has a Risky Investment, Comment
please?
Question-3:
Monthly data on prices and unit sold for a product H related
to home appliances sector is given in the table below.
(5 marks)
Month Prices (x) Unit Sold(y)
March, 2017 $43 99
April, 2017 $21 65
May, 2017 $25 79
June, 2017 $42 75
July, 2017 $57 87
August, 2017 $59 81
Based on the above data, answer the followings:
a) Construct
Equation of Regression Line Yi =?0 +?iXi +?
b) What are
?0 & ?i
in the model and calculate the values of ?0 and ?i
c) Forecast
the sales of product H for the month of September if prices decrease to $50
Question-4:
Define Simulation Modelling?
Explain advantages and disadvantages of Simulation Modelling? (2 + 3 = 5 marks)
Question-5:
How many ways are there to measure Risk in the projects?
Explain any ONE of them? (1
+ 3 = 4 marks)
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