DMBA103 - Statistics For Management

Assignment Task

Set -1

1. Define statistics. Explain the importance of statistics in modern business environment with the help of suitable examples.

Define statistical survey. Discuss following methods of data collection with help of example:

• Direct Observation Method

• Indirect Oral Investigation

• Questionnaire

• Schedule

2. Discuss following techniques of Sampling with help of suitable sample:

• Quota Sampling

• Systematic Sampling

• Snowball Sampling

• Cluster Sampling

Set - 2 

1. Define Business Forecasting. Explain the steps involved in Business Forecasting.

2. What is Index number? Discuss the utility of Index numbers.

3. Discuss the concept of trend. State various methods of measuring trends

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