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Business Analytics Quiz 1: 27 October 2024 (September 2024 term)

Question 1

+1 markOne or more correct options

Select all that apply.

  1. A

    At a 5% level of significance REJECT the null hypothesis and conclude that the data does not follow a normal distribution

  2. B

    At a 5% level of significance DO NOT REJECT the null hypothesis and conclude that the data does not follow a normal distribution

  3. C

    At a 5% level of significance REJECT the null hypothesis and conclude that the data follows a normal distribution

  4. D

    At a 5% level of significance DO NOT REJECT the null hypothesis and conclude that the data follows a normal distribution

  5. E

    At a 10% level of significance REJECT the alternative hypothesis and conclude that the data does not follow a normal distribution

  6. F

    At a 10% level of significance DO NOT REJECT the alternative hypothesis and conclude that the data does not follow a normal distribution

  7. G

    At a 10% level of significance REJECT the alternative hypothesis and conclude that the data follows a normal distribution

  8. H

    At a 10% level of significance DO NOT REJECT the alternative hypothesis and conclude that the data follows a normal distribution

Question 2

+1 markNumerical answer

MSS is a firm that specializes in social media analytics. MSS has acquired data (in Table-1) on the past movie releases of two Heroes nick-named “Manda Kasayam (MK)” and “Youth Vodhavaka (YV)” in the Tamil Film industry. The data is on the Box-Office collections for the movies of MK and YV on different dates in January-1950. Then answer the given subquestions,with the presumption that the other necessary conditions required for the questions are met.

DateDayBox-Office collection for MK (in INR Million)Box-Office Collection for YV (in INR Million)
01-Jan-1950Sunday1110
02-Jan-1950Monday910
03-Jan-1950Tuesday159
04-Jan-1950Wednesday86
05-Jan-1950Thursday182
06-Jan-1950Friday1610
07-Jan-1950Saturday197
08-Jan-1950Sunday86
09-Jan-1950Monday101
10-Jan-1950Tuesday193
11-Jan-1950Wednesday195
12-Jan-1950Thursday198
13-Jan-1950Friday158
14-Jan-1950Saturday175
15-Jan-1950Sunday152

Table-1

The aim is to explore if the total box-office collection during the weekends (Friday, Saturday and Sunday) and the total box-office collection during the weekdays (Monday to Thursday) are independent across the two heroes. Then how many DOFs does the test have? (Note: If your answer is in decimal, enter it rounded to two decimal places. For example, if your answer is “10.256”, enter it as “10.26”)

Question 3

+1.5 marksNumerical answer

MSS is a firm that specializes in social media analytics. MSS has acquired data (in Table-1) on the past movie releases of two Heroes nick-named “Manda Kasayam (MK)” and “Youth Vodhavaka (YV)” in the Tamil Film industry. The data is on the Box-Office collections for the movies of MK and YV on different dates in January-1950. Then answer the given subquestions,with the presumption that the other necessary conditions required for the questions are met.

DateDayBox-Office collection for MK (in INR Million)Box-Office Collection for YV (in INR Million)
01-Jan-1950Sunday1110
02-Jan-1950Monday910
03-Jan-1950Tuesday159
04-Jan-1950Wednesday86
05-Jan-1950Thursday182
06-Jan-1950Friday1610
07-Jan-1950Saturday197
08-Jan-1950Sunday86
09-Jan-1950Monday101
10-Jan-1950Tuesday193
11-Jan-1950Wednesday195
12-Jan-1950Thursday198
13-Jan-1950Friday158
14-Jan-1950Saturday175
15-Jan-1950Sunday152

Table-1

The aim is to explore if the total box-office collection during the weekends (Friday, Saturday and Sunday) and the total box-office collection during the weekdays (Monday to Thursday) are independent across the two heroes. Then what is the expected box-office collection for MK ON WEEKENDS? (Note: If your answer is in decimal, enter it rounded to two decimal places. For example, if your answer is “10.256”, enter it as “10.26”)

13 more questions in this paper

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More on the Business Analytics Quiz 1 27 Oct 2024 paper

The IIT Madras BS Business Analytics (Business Analytics) Quiz 1 paper sat on 27 Oct 2024, in the September 2024 term: 16 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.

FeatureBusiness Analytics Quiz 1 27 Oct 2024 at a glance
TermSeptember 2024 term
SubjectBusiness Analytics
Course codeBSMS2002
Questions16
Marks20
Duration120 min
MSQ2
Numerical14
Official paperIIT M DIPLOMA AN EXAM QDD2 27 Oct 2024
Negative markingNo negative marking.
Updated

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