Latent demand in a demand-response curve is the area obtained when?
Price is reduced below the identified optimal price
Price is increased beyond the identified optimal price
The optimal price is increased beyond the maximum available price
Quantity is reduced below the identified optimal quantity
Which of the following distributions is/are Symmetric in nature (choose all that are applicable)?
Standard Normal distribution
Standard Binomial distribution
Uniform distribution
Poisson distribution
(The following is a purely imaginary scenario)
An insurance company believes that people can be divided into two classes: “Class-1: Those who are accident prone” and “Class-2: Those who are not accident prone”. The company’s statistics show that an accident-prone person will have an accident at sometime within a fixed 1-year period with probability 0.4, whereas this probability decreases to 0.2 for a person who is not accident prone. It is assumed that 30 percent of the human population is accident prone. Given this information, answer the sub-questions.
What is the probability that a new policyholder will have an accident within a year of purchasing a policy? (Note: Enter the answer rounded to two decimal places. For example, if the answer is “1.235”, then enter it as “1.24”)
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The IIT Madras BS Business Analytics (Business Analytics) Quiz 1 paper sat on 26 Oct 2025, in the September 2025 term: 15 questions for 20 marks in 120 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | Business Analytics Quiz 1 26 Oct 2025 at a glance |
|---|---|
| Term | September 2025 term |
| Subject | Business Analytics |
| Course code | BSMS2002 |
| Questions | 15 |
| Marks | 20 |
| Duration | 120 min |
| MCQ | 1 |
| MSQ | 1 |
| Numerical | 13 |
| Official paper | IIT M DIPLOMA AN EXAM QDD2 26 Oct 2025 |
| Negative marking | No negative marking. |
| Updated |
