Business Statistics-2ndSet-1st-2016-NMIMS

Business Statistics-2ndSet-1st-2016-NMIMS
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Q1. Differentiate between correlation and regression. Explain with suitable example using data. (10 Marks)
Q2. You want to find a measure of central tendency for income of persons who have boarded a particular train on a particular date at the originating station. What measure will you use and why? What measure will you choose for dispersion and why? (10 marks)
Q3 A): Distinguish between independence of events and mutual exclusivity of events with the help of example. (5 marks)
Q3 B): In how many ways can the letters of the word “MADAM” be rearranged? (5 marks)
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