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Business Analytics End Term: 1 September 2024 (May 2024 term)

Question 1

+0.5 marksOne or more correct options

The computed p-value of a chi-square goodness-of-fit test is 0.067. Then, which of the following statements are TRUE

Select all that apply.

  1. A

    At a 5% level of significance, the null hypothesis is rejected

  2. B

    At a 5% level of significance, the null hypothesis is not-rejected

  3. C

    At a 10% level of significance, the null hypothesis is rejected

  4. D

    At a 10% level of significance, the null hypothesis is not-rejected

  5. E

    At a 5% level of significance, the alternative hypothesis is rejected

  6. F

    At a 5% level of significance, the alternative hypothesis is not-rejected

  7. G

    At a 10% level of significance, the alternative hypothesis is rejected

  8. H

    At a 10% level of significance, the alternative hypothesis is not-rejected

  9. I

    None of these

Question 2

+1 markOne correct option

The objective function of the linear programming model using pair-wise judgments:

  1. A

    Maximize the distance from the ideal point

  2. B

    Minimize the distance from the ideal point

  3. C

    Minimize the poorness of fit

  4. D

    Both Maximize the distance from the ideal point & Minimize the poorness of fit

  5. E

    Both Minimize the distance from the ideal point & Minimize the poorness of fit

Also asked in End Term 7 Aug 2022

Question 3

+1 markOne correct option

In the below diagram, the customer wants to decide between the products O1 & O2, and x denotes the coordinates of the ideal product. Which of the following are true?

  1. A

    Customers will prefer O1 when d2>d1

  2. B

    Customers will prefer O2 when d1<d2

  3. C

    Both Customers will prefer O1 when d2>d1 & Customers will prefer O2 when d1<d2

  4. D

    None of these

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More on the Business Analytics End Term 1 Sept 2024 paper

The IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 1 Sept 2024, in the May 2024 term: 38 questions for 45 marks in 180 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 End Term 1 Sept 2024 at a glance
TermMay 2024 term
SubjectBusiness Analytics
Course codeBSMS2002
Questions38
Marks45
Duration180 min
MSQ4
MCQ7
Numerical27
Official paperIIT M FOUNDATION DIPLOMA FN EXAM QDF1 01 Sep 2024
Negative markingNo negative marking.
Updated

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