{"id":2265,"date":"2022-07-12T08:42:32","date_gmt":"2022-07-12T08:42:32","guid":{"rendered":"http:\/\/projecthelpline.in:\/myblog\/?p=2265"},"modified":"2022-09-10T10:17:49","modified_gmt":"2022-09-10T10:17:49","slug":"nmims-assignment-2022","status":"publish","type":"post","link":"https:\/\/projecthelpline.in:\/myblog\/nmims-assignment-2022\/","title":{"rendered":"NMIMS DECISION SCIENCE ASSIGNMENT 2022"},"content":{"rendered":"

NMIMS Global Access<\/span><\/strong><\/p>\n

School for Continuing Education ( NGA-SCE)<\/span><\/strong><\/p>\n

Course: Decision Science<\/span><\/strong><\/p>\n

    \n
  1. Avantika Mattoo working as an analyst in reputed pharmaceutical company wants to invest her money in stocks. Her friends having expertise in stock market investments, suggested her to invest money into \u2018Reliance\u2019 and \u2018Maruti\u2019 shares. Avantika\u2019s economist friend Niharika Dhar said there could be four different scenarios pertaining to the return on Avantika\u2019s investments. The figures of return on investment as per four different scenarios presented in the table below<\/span><\/strong><\/li>\n<\/ol>\n\n\n\n\n\n
    Payoff (profit within one month on one unit of share in INR)<\/span><\/strong><\/td>\nScenario 1<\/span><\/strong><\/td>\nScenario 2<\/span><\/strong><\/td>\nScenario 3<\/span><\/strong><\/td>\nScenario 4<\/span><\/strong><\/td>\n<\/tr>\n
    Reliance Industry ltd.<\/span><\/strong><\/td>\n55<\/span><\/strong><\/td>\n43<\/span><\/strong><\/td>\n29<\/span><\/strong><\/td>\n15<\/span><\/strong><\/td>\n<\/tr>\n
    Maruti<\/span><\/strong><\/td>\n26<\/span><\/strong><\/td>\n38<\/span><\/strong><\/td>\n43<\/span><\/strong><\/td>\n51<\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    1) Set up the opportunity loss table.<\/span><\/strong><\/p>\n

    2) Draw the decision tree (Note: You may use any software for making tree diagram, but snapshot of handwritten tree will be unacceptable)<\/span><\/strong><\/p>\n

    3) According to Niharika\u2019s latest research, she has assigned the following probabilities to the four scenarios (states of nature), determine the EMV decision; P(s1) = 0.4 P(s2) = 0.1 P(s3) = 0.3 P(s4) = 0.2.<\/span><\/strong><\/p>\n

    (Note: Do mention the decision based on the analysis clearly in few sentences.)\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/strong><\/p>\n

    (10 Marks)<\/span><\/strong><\/p>\n

    2. From the following data, check the correlation of \u2018Migrants person\u2019 (Migration form Urban areas of J & K to another urban areas of J &K) with the below given variables. Write your conclusion with respect to the correlation coefficient and Scatter<\/span><\/strong><\/p>\n

    Draw the scatter plot (you may use EXCEL, SPSS, Python, R etc.)<\/span><\/strong><\/p>\n\n\n\n\n\n\n\n
    Perform the correlation for the following pairs of variables<\/span><\/strong><\/td>\n<\/tr>\n
    Migrant person numbers V\/s \u2018Number of Factory\/Workshop\/Work shed etc.\u2019<\/span><\/strong><\/td>\n<\/tr>\n
    Migrant person number V\/s \u2018Number of commercial establishments\u2019<\/span><\/strong><\/td>\n<\/tr>\n
    Migrant person number V\/s \u2018Number of towns\u2019<\/span><\/strong><\/td>\n<\/tr>\n
    Migrant person number V\/s \u2018Population per sq. km.\u2019<\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    (Note: no need to calculate correlation coefficient manually, use EXCEL formula, or any other software)<\/span><\/strong><\/p>\n

    (Note regarding the data access: You can copy the data from this pdf document and paste it into your EXCEL workbook; you may have to work on alignment if it is distorted in Excel.)<\/span><\/strong><\/p>\n

    Data for the analysis<\/u><\/span><\/strong><\/h5>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    Districts<\/span><\/strong><\/td>\nMigrant person numbers<\/span><\/strong><\/td>\nNumber of Factory\/ Workshop\/ Workshed etc.<\/span><\/strong><\/td>\nNumber\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 of commercial establishments<\/span><\/strong><\/td>\nNumber\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 of towns<\/span><\/strong><\/td>\nPopulation per sq. km.<\/span><\/strong><\/td>\n<\/tr>\n
    Kupwara<\/span><\/strong><\/td>\n2667<\/span><\/strong><\/td>\n188<\/span><\/strong><\/td>\n6571<\/span><\/strong><\/td>\n10<\/span><\/strong><\/td>\n2212<\/span><\/strong><\/td>\n<\/tr>\n
    Badgam<\/span><\/strong><\/td>\n5370<\/span><\/strong><\/td>\n273<\/span><\/strong><\/td>\n5552<\/span><\/strong><\/td>\n9<\/span><\/strong><\/td>\n1996<\/span><\/strong><\/td>\n<\/tr>\n
    Leh(Ladakh)<\/span><\/strong><\/td>\n2621<\/span><\/strong><\/td>\n176<\/span><\/strong><\/td>\n3898<\/span><\/strong><\/td>\n3<\/span><\/strong><\/td>\n1902<\/span><\/strong><\/td>\n<\/tr>\n
    Kargil<\/span><\/strong><\/td>\n650<\/span><\/strong><\/td>\n61<\/span><\/strong><\/td>\n1711<\/span><\/strong><\/td>\n1<\/span><\/strong><\/td>\n7635<\/span><\/strong><\/td>\n<\/tr>\n
    Punch<\/span><\/strong><\/td>\n2038<\/span><\/strong><\/td>\n67<\/span><\/strong><\/td>\n3605<\/span><\/strong><\/td>\n3<\/span><\/strong><\/td>\n1604<\/span><\/strong><\/td>\n<\/tr>\n
    Rajouri<\/span><\/strong><\/td>\n4011<\/span><\/strong><\/td>\n236<\/span><\/strong><\/td>\n4656<\/span><\/strong><\/td>\n4<\/span><\/strong><\/td>\n2390<\/span><\/strong><\/td>\n<\/tr>\n
    Kathua<\/span><\/strong><\/td>\n11306<\/span><\/strong><\/td>\n504<\/span><\/strong><\/td>\n6952<\/span><\/strong><\/td>\n6<\/span><\/strong><\/td>\n2079<\/span><\/strong><\/td>\n<\/tr>\n
    Baramula<\/span><\/strong><\/td>\n19382<\/span><\/strong><\/td>\n663<\/span><\/strong><\/td>\n12171<\/span><\/strong><\/td>\n7<\/span><\/strong><\/td>\n2871<\/span><\/strong><\/td>\n<\/tr>\n
    Bandipore<\/span><\/strong><\/td>\n4866<\/span><\/strong><\/td>\n156<\/span><\/strong><\/td>\n3258<\/span><\/strong><\/td>\n3<\/span><\/strong><\/td>\n1317<\/span><\/strong><\/td>\n<\/tr>\n
    Srinagar<\/span><\/strong><\/td>\n94844<\/span><\/strong><\/td>\n3575<\/span><\/strong><\/td>\n47986<\/span><\/strong><\/td>\n5<\/span><\/strong><\/td>\n4141<\/span><\/strong><\/td>\n<\/tr>\n
    Ganderbal<\/span><\/strong><\/td>\n3041<\/span><\/strong><\/td>\n231<\/span><\/strong><\/td>\n2418<\/span><\/strong><\/td>\n3<\/span><\/strong><\/td>\n1852<\/span><\/strong><\/td>\n<\/tr>\n
    Pulwama<\/span><\/strong><\/td>\n7939<\/span><\/strong><\/td>\n257<\/span><\/strong><\/td>\n4885<\/span><\/strong><\/td>\n5<\/span><\/strong><\/td>\n2087<\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

     <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
    Shupiyan<\/span><\/strong><\/td>\n1700<\/span><\/strong><\/td>\n30<\/span><\/strong><\/td>\n1673<\/span><\/strong><\/td>\n1<\/span><\/strong><\/td>\n3007<\/span><\/strong><\/td>\n<\/tr>\n
    Anantnag<\/span><\/strong><\/td>\n13545<\/span><\/strong><\/td>\n919<\/span><\/strong><\/td>\n14079<\/span><\/strong><\/td>\n12<\/span><\/strong><\/td>\n2880<\/span><\/strong><\/td>\n<\/tr>\n
    Kulgam<\/span><\/strong><\/td>\n2621<\/span><\/strong><\/td>\n243<\/span><\/strong><\/td>\n3902<\/span><\/strong><\/td>\n7<\/span><\/strong><\/td>\n1619<\/span><\/strong><\/td>\n<\/tr>\n
    Doda<\/span><\/strong><\/td>\n2297<\/span><\/strong><\/td>\n76<\/span><\/strong><\/td>\n3016<\/span><\/strong><\/td>\n2<\/span><\/strong><\/td>\n1655<\/span><\/strong><\/td>\n<\/tr>\n
    Ramban<\/span><\/strong><\/td>\n1171<\/span><\/strong><\/td>\n41<\/span><\/strong><\/td>\n1768<\/span><\/strong><\/td>\n3<\/span><\/strong><\/td>\n783<\/span><\/strong><\/td>\n<\/tr>\n
    Kishtwar<\/span><\/strong><\/td>\n569<\/span><\/strong><\/td>\n45<\/span><\/strong><\/td>\n1765<\/span><\/strong><\/td>\n1<\/span><\/strong><\/td>\n23595<\/span><\/strong><\/td>\n<\/tr>\n
    Udhampur<\/span><\/strong><\/td>\n10873<\/span><\/strong><\/td>\n549<\/span><\/strong><\/td>\n6795<\/span><\/strong><\/td>\n6<\/span><\/strong><\/td>\n2475<\/span><\/strong><\/td>\n<\/tr>\n
    Reasi<\/span><\/strong><\/td>\n2085<\/span><\/strong><\/td>\n28<\/span><\/strong><\/td>\n3677<\/span><\/strong><\/td>\n5<\/span><\/strong><\/td>\n692<\/span><\/strong><\/td>\n<\/tr>\n
    Jammu<\/span><\/strong><\/td>\n139422<\/span><\/strong><\/td>\n2410<\/span><\/strong><\/td>\n46539<\/span><\/strong><\/td>\n20<\/span><\/strong><\/td>\n3034<\/span><\/strong><\/td>\n<\/tr>\n
    Samba<\/span><\/strong><\/td>\n5349<\/span><\/strong><\/td>\n685<\/span><\/strong><\/td>\n5162<\/span><\/strong><\/td>\n6<\/span><\/strong><\/td>\n1383<\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Source: Census of India.<\/span><\/strong><\/p>\n

    \u00a0(10 Marks)<\/span><\/strong><\/p>\n

    3.a.\u00a0The number of customers who enter a \u2018German\u2019 supermarket-Gandhinagar each hour is \u2018normally\u2019 distributed with a mean of 600 and a standard deviation of 200. The supermarket is open 16 hours per day. What is the probability that the total number of customers who enter the supermarket in one day is greater than 10,000?<\/span><\/strong><\/p>\n

    (Note: Show the stepwise calculation and write the interpretation based on the final answer)<\/span><\/strong><\/p>\n

    (5 Marks)<\/span><\/strong><\/p>\n

    \u00a0<\/span><\/strong><\/p>\n

      \n
    1. b. Shree Ganga Taploo University bookstore claims that 50% of its customers are satisfied with the service and prices.<\/span><\/strong><\/li>\n<\/ol>\n

      If this claim is true, what is the probability that in a random sample of 600 customers less than 45% are satisfied with services and price?<\/span><\/strong><\/p>\n

      (Note: Show the stepwise calculation and write the interpretation based on the final answer)<\/span><\/strong><\/p>\n

      (5 Marks)<\/span><\/strong><\/p>\n

      **********<\/span><\/strong><\/p>\n

      For More Details Contact us at :-<\/span><\/strong><\/p>\n

      9313565406, 9015596280, 9212129290<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

      NMIMS Global Access School for Continuing Education ( NGA-SCE) Course: Decision Science Avantika Mattoo working as an analyst in reputed pharmaceutical company wants to.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4086,4295,4294],"tags":[4088,4045,4283,4087,4012,4285,4279,4280,4282,4284,4296,4297,78,73],"yoast_head":"\nNMIMS DECISION SCIENCE ASSIGNMENT 2022 - projecthelpline.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/projecthelpline.in\/myblog\/nmims-assignment-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NMIMS DECISION SCIENCE ASSIGNMENT 2022 - projecthelpline.in\" \/>\n<meta property=\"og:description\" content=\"NMIMS Global Access School for Continuing Education ( NGA-SCE) Course: Decision Science Avantika Mattoo working as an analyst in reputed pharmaceutical company wants to.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/projecthelpline.in\/myblog\/nmims-assignment-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"projecthelpline.in\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/projecthelpline.in\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-12T08:42:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-10T10:17:49+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/projecthelpline.in\/myblog\/nmims-assignment-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/projecthelpline.in\/myblog\/nmims-assignment-2022\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/projecthelpline.in\/myblog\/#\/schema\/person\/0604c6074dabbd2694ca80fe7c97b535\"},\"headline\":\"NMIMS DECISION SCIENCE ASSIGNMENT 2022\",\"datePublished\":\"2022-07-12T08:42:32+00:00\",\"dateModified\":\"2022-09-10T10:17:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/projecthelpline.in\/myblog\/nmims-assignment-2022\/\"},\"wordCount\":514,\"publisher\":{\"@id\":\"https:\/\/projecthelpline.in\/myblog\/#organization\"},\"keywords\":[\"2022\",\"ASSIGNMENT\",\"ASSIGNMENT SOLUATIONS\",\"NGA-SE\",\"NMIMS\",\"NMIMS ALL ASSIGNMENTS SOLUTIONS\",\"NMIMS ASSIGNMENT\",\"NMIMS ASSIGNMENT 2022\",\"NMIMS ASSIGNMENT SOLUTIONS\",\"NMIMS ASSIGNMENTS SOLUTIONS\",\"NMIMS DECISION SCIENCE ASSIGNMENT\",\"NMIMS DECISION SCIENCE ASSIGNMENT 2022\",\"project\",\"report\"],\"articleSection\":[\"NMIMS Assignment 2022\",\"NMIMS DECISION SCIENCE ASSIGNMENT\",\"NMIMS DECISION SCIENCE ASSIGNMENT 2022\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/projecthelpline.in\/myblog\/nmims-assignment-2022\/\",\"url\":\"https:\/\/projecthelpline.in\/myblog\/nmims-assignment-2022\/\",\"name\":\"NMIMS DECISION SCIENCE ASSIGNMENT 2022 - 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