The probability that a car battery functions for more than 10,000Kms is 0.8, the probability that it functions for more than 20,000kms is 0.4 and the probability that it functions for more than 30,000kms is 0.1. If a new car battery is still working after 10,000Kms, what is the probability that its total life will exceed 20,000Kms? (Note: Enter the answer rounded to two decimal places. For example, if the answer is “0.235”, then enter it as “0.24”)
The demand-response curve for a product is expected to be non-linear curve. It is noted that the demand was 1000 units at a price of Rs.80 and 2500 units at a price of Rs. 40. Then, at a price of Rs. 60, what is the expected demand? (Note: Enter the answer rounded to two decimal places. For example, if the answer is “10.235”, then enter it as “10.24”)
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
Quantity is increased beyond the identified maximum quantity
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The IIT Madras BS Business Analytics (Business Analytics) Quiz 2 paper sat on 16 Mar 2025, in the January 2025 term (T1 2025): 21 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 2 16 Mar 2025 at a glance |
|---|---|
| Term | January 2025 term (T1 2025) |
| Subject | Business Analytics |
| Course code | BSMS2002 |
| Questions | 21 |
| Marks | 20 |
| Duration | 120 min |
| Numerical | 18 |
| MSQ | 2 |
| MCQ | 1 |
| Official paper | IIT M DIPLOMA AN EXAM QDD2 16 Mar 2025 |
| Negative marking | No negative marking. |
| Updated |
