B.Com In Banking & Insurance (BCBI) Sem I 2019 2020 Nov 2020 QUANTATIVE METHODS I Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 All questions carry equal marks
2. Q3 Figures to the right indicate maximum marks allotted to the sub-questions
3. Q4 Use of simple calculator is allowed
   • A] Attempt any eight multiple choice questions: 8
4. Q1 The method of plotting the points of the graphs are similar
   • a) frequency polygon and Ogive b) frequency polygon and histogram
   • c) frequency polygon and frequency d) None of these can not be determined graphically
   • a) mean b) median c) mode d) None of these
5. Q3 For a frequency distribution, the relation between mean, median and Mode is
6. Q4 The correlation coefficient is unaffected by change of
   • a) Origin b) scale c) scale and Origin None of these
7. Q5 Tne data collected for the first known as
8. Q6 The suitable measure of dispersion to indicate extreme variation in the data is
   • a) range b) mean deviation c) standard deviation d) None of these
9. Q7 The is positive if
   • a) X increases as Y increases b) X decreases as Y decreases
   • c) X increases as Y decreases d) both a and b
10. Q8 Probability can be
    • a) greater than | b) less d) None of these
11. Q9 Shape of normal curve is
12. Q10 The part of profit added to the sum assured is called
    • a) premium b) profit ratio c) bonus d) None of these Attempt any seven True or False: [7]
13. Q1 Insurance premium can be paid monthly
14. Q2 Index number always carries unit of measurement
15. Q3 Decision tree calculations never begins from left to right
16. Q4 Variance is the square of standard deviation
17. Q5 Range is best measure of deviation
18. Q6 When r is negative, both variables are decreasing
19. Q7 The lines of regression do not exist if correlation between the variables is zero
20. Q8 The regression coefficient cannot be greater than unity
21. Q9 The year selected as a reference period for comparison is called base year
22. Q10 Extra time given the due date of premium is known as grace period
23. Q2 Draw both the Ogives for following data. \
    • B] Calculate 3“ decile (D3) and 20" percentile (P20) for the totlowing table. Number of Student 18 30 7
    • P] Find Mode and Median for the following data Number of Persons 8
    • Q] Draw multiple bar diagram for the following data Income of company A 4500 | 4000 5100 Income of Company B 5000 6500
24. Q3 the mean deviation from the mean for the following data
    • B] Calculate Karl-Pearson’s coefficient of correlation X and Y Find two regression equations for the following data. Coefficient r=0.8 [8]
    • Q] Calculate spearman’s rank correlation coefficient for cost and sales
25. Q4 Aj For the following probability distribution. P(X = 2 OR 3), E(X), V(X) 8 marks
    • B] Calculate Laspeyre’s, Paasche’s and fisher’s index number for the following data 7
    • P] For given pay-off table, find best action using Maximin, Maximax, Laplace criteria States of nature 8
    • Q] Mr X took a policy of Rs.1,06,000/- with a tabulated premium rate of per Rs. 1,000/-. He has to pay extra Rs.2/- per 1000 due to his physical impairment Company offers a reduction of Rs. Rs.3/- per 1000 for a policy with sum assured more than Rs.50,000/-. Find the net quarterly premium that Mr. X has to pay
26. Q5 Aj] Explain various types of correlation State the properties of normal distribution [7] 8 marks
    • P] Attempi any three: 15
    • i) Properties of Arithmetic Mean
    • ii) Index number calculated in India
    • iv) Complimentary event and Independent event
    • v) Characteristic of good measure of dispersion

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