SVKM’s NMIMS

Anil Surendra Modi School of Commerce

Programme: BBA/BSc(Finance) Batch: 2021 - 2024 Semester: I

Academic Year: 2021 – 2022
Subject: Quantitative Techniques - I Marks: 50
Date: _________ Time:- ________
Final Examination/ Re-Examination Duration: - 2 Hrs

Instructions:
1) Students are required to read the instructions given on the Answer-book, which has been provided for their use.
2) All main questions are compulsory, attempt any 2 sub questions of 5 marks in each main questions.
3) Only Simple & Scientific Calculators are allowed. Cell phones or any other electronic device not allowed
4) Log and Antilog tables have been attached with the question paper.
5) All detailed steps of reasoning, clear working steps must be shown. Haphazard, unclear steps will not be given
any weightage. Also, marks will not be given merely for the final answer.

Q.1 Answer any 2 5*2=10

a) Calculate the geometric mean of the annual percentage growth rate of profits in business corporate
5
from the year 2000 to 2005 is given below: 50%, 72%, 54%, 82%, 93%

b) If 𝑟1 and 𝑟2 are roots of quadratic equation 𝑎𝑥 2 − 2𝑏𝑥 + 𝑐 = 0, find the equation whose roots
(𝑟1 )2 (𝑟2 )2 5
are and
𝑟2 𝑟1

c) Find the Karl Pearson’s coefficient of correlation between sales and expenses of the 10 firms
shown:

Firm 1 2 3 4 5 6 7 8 9 10
5
Sales 50 50 55 60 65 65 65 60 60 50
Expenses 11 13 14 16 16 15 15 14 13 13

Q.2 Answer any 2 5*2=10

a) 5
If 𝑦 = log (𝑥 + √𝑙2 + 𝑥 2 ),
𝑑2𝑦 𝑑𝑦
Show that (𝑙2 + 𝑥 2 ) 𝑑𝑦2 + 𝑥 =0
𝑑𝑥
 b) The following are the share prices of two competing companies in thousands. 5
Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec-
20 20 20 20 20 20 20 20 20 20
Company A 13 6 14 11 17 9 13 17 18 12
Company B 6.2 8.6 7.2 4.5 9 3.5 6.5 9.3 9.5 5.7
Compute the regression equation using least square method for influence of company A on
Company B. The share price of company A is estimated to increase 30% in Jan 2021 when
compared to December, 2020. Estimate the share price of Company B for the period Jan 2021.

c) The demand function for a commodity is given by

𝑥2 = 82.5 − 0.9𝑝1 + 2.2𝑝2 + 0.4𝑝3
5
Find the values of all the cross and direct partial elasticity when p1=10, p2=5, p3=20

Q.3 Answer any 2 5*2=10

a) A plastic chair manufacturer decides to set up a small production plant for manufacturing chair. 5
The fixed cost per year is Rs. 20 lakhs. The additional cost (Variable Cost) for producing each
school chair is Rs. 400. Each chair is sold at Rs. 800. During the first year 6000 chairs are
produced and sold:
(i) Determine the cost function C(X) for the total cost of producing X chairs.
(ii) Determine the Revenue Function R(X) for the total revenue from the sale of X chairs.
(iii) Determine the profit function P(X) for the profit from the sale of X chairs.
(iv) What profit or loss the company incurs during the first year when all the 6000 chairs are
sold?
(v) Determine the break-even point.

b) Using Lagrange’s Multiplier obtain the maximum value of z = 15x+10y-3x2-3y2 subject to 5

constraint 3x + 4y = 12.

c) The following data relate to the marks obtained by 10 students of a particular school are as 5
follows:
Roll No. 1 2 3 4 5 6 7 8 9 10
Marks in 90 88 90 76 88 62 98 90 70 76
Accounts
Marks in 61 58 64 73 73 78 58 82 58 67
English
Find Spearman’s Rank Correlation Co-efficient.
Q.4 Answer any 2 5*2=10
a) Find first and second order partial derivatives of 𝑢 = 𝑙𝑜𝑔(𝑥 2 + 𝑦 2 ) and 5
𝜕2𝑢 𝜕2𝑢
prove that =
𝜕𝑥𝜕𝑦 𝜕𝑦𝜕𝑥

b) Draw less than and more than ogives from the data given below and also find the median from 5
the graph.
Marks 5-15 15-25 25-35 35-45 45-55 55-65 65-75 75-85
No. of 8 15 18 25 6 12 14 7
Students

c) Solve 𝑦(𝑦 + 1)(𝑦 + 3)(𝑦 + 4) + 2 = 0 5

Q.5 Answer any 2 5*2=10

a) A panel of judges A and B graded seven debaters and independently awarded the following 5
marks:

Debater 1 2 3 4 5 6 7
Marks by A 40 34 28 30 44 38 31
Marks by B 32 39 26 30 38 34 28

Find the regression line using regression coefficients of marks by judge B (Y) on marks by
judge A (X). An eighth debater was awarded 36 marks by judge A while judge B was not
present. What is the probable marks judge B would have awarded assuming that the same
degree of relationship exists in their judgement?

b) A purchasing manager obtained samples of 60, bulbs from two companies tested in his own 5
laboratory for length of life with the following data

Life in hours Sample from Sample from

(in ’00 hours) company A company B
17-19 10 3
19-21 16 40
21-23 20 12
23-25 8 3
25-27 6 2

(1) Which company’s bulb do you think are better in terms of average life?
(2) If prices of both types are the same, which company’s bulb would you buy and why?
 5
c)
Below is the given IQ score of 125 students in a class:

IQ 0-10 10-20 20-30 30-40 40-50 50-60 60-70 70-80

score
No. of 15 15 23 22 25 10 5 10
student
s
Calculate Karl Pearson’s Co-efficient of Skewness