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May 2025 term · Business Analytics · BSMS2002

Business Analytics End Term: 31 August 2025, Set QDD1 (May 2025 term)

The IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 31 Aug 2025, in the May 2025 term, set QDD1: 32 questions for 45 marks in 180 minutes. Every question is below with its answer. Take it as a timed mock test to be marked, or read it through first.

Questions
32
Marks
45
Duration
180 min
Numerical
20
MCQ
6
MSQ
6

Updated

Official paper: IIT M DIPLOMA FN EXAM QDD1 31 Aug 2025 · No negative marking.

Question 1

+1 markNumerical answer

The Following Comprehension and Related Questions are Purely Hypothetical
MiloBurgers, a fast-food restaurant sells two types of products: “Double Cheese Veggy” (DCV) burgers and “Cheese Veggy” (CV) burgers. The DCV uses 0.5Kg of cheese and the CV uses only 0.2kg of cheese. The restaurant starts the day with 200Kg of cheese but may order more at an additional cost of ₹25 per Kg to cover the delivery cost. Any surplus cheese at the end of the day is donated to charity. MiloBurgers sells a DCV for ₹100 and a CV for ₹80. All in all, MiloBurgers does not expect to sell more than 900 items in total during a day and the owner wants to maximizes the profit for the coming day. Assume that whatever combination is made (a solution to the problem) can be sold. Given this information, answer the given subquestions.

How many decision variables are present in the standard form of the primal, if the given problem is formulated as a Linear Programming Problem?

Show answer

Correct answer: 4

Question 2

+1 markNumerical answer

The Following Comprehension and Related Questions are Purely Hypothetical
MiloBurgers, a fast-food restaurant sells two types of products: “Double Cheese Veggy” (DCV) burgers and “Cheese Veggy” (CV) burgers. The DCV uses 0.5Kg of cheese and the CV uses only 0.2kg of cheese. The restaurant starts the day with 200Kg of cheese but may order more at an additional cost of ₹25 per Kg to cover the delivery cost. Any surplus cheese at the end of the day is donated to charity. MiloBurgers sells a DCV for ₹100 and a CV for ₹80. All in all, MiloBurgers does not expect to sell more than 900 items in total during a day and the owner wants to maximizes the profit for the coming day. Assume that whatever combination is made (a solution to the problem) can be sold. Given this information, answer the given subquestions.

How many decision variables are present in the Dual form (which is formulated based on the standard form of the primal) if the given problem is formulated as Linear Programming Problem?

Show answer

Correct answer: 2

Question 3

+1 markNumerical answer

The Following Comprehension and Related Questions are Purely Hypothetical
MiloBurgers, a fast-food restaurant sells two types of products: “Double Cheese Veggy” (DCV) burgers and “Cheese Veggy” (CV) burgers. The DCV uses 0.5Kg of cheese and the CV uses only 0.2kg of cheese. The restaurant starts the day with 200Kg of cheese but may order more at an additional cost of ₹25 per Kg to cover the delivery cost. Any surplus cheese at the end of the day is donated to charity. MiloBurgers sells a DCV for ₹100 and a CV for ₹80. All in all, MiloBurgers does not expect to sell more than 900 items in total during a day and the owner wants to maximizes the profit for the coming day. Assume that whatever combination is made (a solution to the problem) can be sold. Given this information, answer the given subquestions.

If the restaurant decides to make 450 DCVs and 450 CVs, then what is the value of the objective function for the linear program which is in the standard form of the primal? [Note: Enter your answer in decimal rounded to two decimal places. For example, if your answer is 1.235 then enter the answer as “1.24”]

Show answer

Correct answer: 78125.00

Question 4

+1 markNumerical answer

The Following Comprehension and Related Questions are Purely Hypothetical
MiloBurgers, a fast-food restaurant sells two types of products: “Double Cheese Veggy” (DCV) burgers and “Cheese Veggy” (CV) burgers. The DCV uses 0.5Kg of cheese and the CV uses only 0.2kg of cheese. The restaurant starts the day with 200Kg of cheese but may order more at an additional cost of ₹25 per Kg to cover the delivery cost. Any surplus cheese at the end of the day is donated to charity. MiloBurgers sells a DCV for ₹100 and a CV for ₹80. All in all, MiloBurgers does not expect to sell more than 900 items in total during a day and the owner wants to maximizes the profit for the coming day. Assume that whatever combination is made (a solution to the problem) can be sold. Given this information, answer the given subquestions.

If the restaurant decides to make 450 DCVs and 450 CVs, then how many decision variables in the Dual form (which is formulated based on the standard form of the primal) will have a value of “0”, if the given problem is formulated as Linear Programming Problem?

Show answer

Correct answer: 0

Question 5

+1 markOne correct option

The Following Comprehension and Related Questions are Purely Hypothetical
MiloBurgers, a fast-food restaurant sells two types of products: “Double Cheese Veggy” (DCV) burgers and “Cheese Veggy” (CV) burgers. The DCV uses 0.5Kg of cheese and the CV uses only 0.2kg of cheese. The restaurant starts the day with 200Kg of cheese but may order more at an additional cost of ₹25 per Kg to cover the delivery cost. Any surplus cheese at the end of the day is donated to charity. MiloBurgers sells a DCV for ₹100 and a CV for ₹80. All in all, MiloBurgers does not expect to sell more than 900 items in total during a day and the owner wants to maximizes the profit for the coming day. Assume that whatever combination is made (a solution to the problem) can be sold. Given this information, answer the given subquestions.

If the restaurant decides to make 450 DCVs and 450 CVs, then which of the following option is correct

  1. A

    The restaurant will order more cheese in addition to the cheese available in stock

  2. B

    The restaurant will not order more cheese and will completely consume the available cheese

  3. C

    The restaurant will donate some cheese to charity as it has surplus

  4. D

    Cannot say as more information is required

Show answer

Correct answer

  • A

    The restaurant will order more cheese in addition to the cheese available in stock

Question 6

+2 marksNumerical answer

The Following Comprehension and Related Questions are Purely Hypothetical
A company has collected data on the average monthly electricity consumed for air conditioning (dependent variable) relative to (i) Average ambient temperature of the month, (ii) Total number of working days in the month and (iii) Average number of employees who have worked in that month. This data is provided in Table-1. Additionally, the correlation matrix for the different variables in Table-1 is provided in Figure-1. Given this information, answer the given subquestions.

Average Electricity Consumed (in KW)Average ambient temperature (in Celsius)Total Number of Working Days (in count)Average Number of Employees who have Worked (in count)
250302491
237312590
272452488
274602587
298652591
301722694
300802587

Table-1: Electricity consumption data

Average Electricity ConsumedAverage ambient temperatureTotal Number of Working DaysAverage Number of Employees who have Worked
Average Electricity Consumed1
Average ambient temperature0.951
Total Number of Working Days0.520.631
Average Number of Employees who have Worked0.1-0.060.441

Figure-1: Correlation Matrix for Data in Table-1

What is the total variability in the dependent variable? [Note: Enter your answer in decimal rounded to two decimal places. For example, if your answer is 1.235 then enter the answer as “1.24”]

Show answer

Correct answer: 3902 (accepted within ±2)

Question 7

+2 marksNumerical answer

The Following Comprehension and Related Questions are Purely Hypothetical
A company has collected data on the average monthly electricity consumed for air conditioning (dependent variable) relative to (i) Average ambient temperature of the month, (ii) Total number of working days in the month and (iii) Average number of employees who have worked in that month. This data is provided in Table-1. Additionally, the correlation matrix for the different variables in Table-1 is provided in Figure-1. Given this information, answer the given subquestions.

Average Electricity Consumed (in KW)Average ambient temperature (in Celsius)Total Number of Working Days (in count)Average Number of Employees who have Worked (in count)
250302491
237312590
272452488
274602587
298652591
301722694
300802587

Table-1: Electricity consumption data

Average Electricity ConsumedAverage ambient temperatureTotal Number of Working DaysAverage Number of Employees who have Worked
Average Electricity Consumed1
Average ambient temperature0.951
Total Number of Working Days0.520.631
Average Number of Employees who have Worked0.1-0.060.441

Figure-1: Correlation Matrix for Data in Table-1

What is the expected percentage inflation (increase) in the standard error of the beta value corresponding to “Average Number of Employees who have Worked” due to “Total Number of Working Days” if a model with only these two variables is built for predicting “Average Electricity Consumed”? [Note: Enter your answer in “PERCENTAGE” rounded to two decimal places without the percentage symbol. For example, if your answer is 1.235% then enter the answer as “1.24”]

Show answer

Correct answer: 11.25 (accepted within ±0.25)

Question 8

+1 markOne or more correct options

The Following Comprehension and Related Questions are Purely Hypothetical
A company has collected data on the average monthly electricity consumed for air conditioning (dependent variable) relative to (i) Average ambient temperature of the month, (ii) Total number of working days in the month and (iii) Average number of employees who have worked in that month. This data is provided in Table-1. Additionally, the correlation matrix for the different variables in Table-1 is provided in Figure-1. Given this information, answer the given subquestions.

Average Electricity Consumed (in KW)Average ambient temperature (in Celsius)Total Number of Working Days (in count)Average Number of Employees who have Worked (in count)
250302491
237312590
272452488
274602587
298652591
301722694
300802587

Table-1: Electricity consumption data

Average Electricity ConsumedAverage ambient temperatureTotal Number of Working DaysAverage Number of Employees who have Worked
Average Electricity Consumed1
Average ambient temperature0.951
Total Number of Working Days0.520.631
Average Number of Employees who have Worked0.1-0.060.441

Figure-1: Correlation Matrix for Data in Table-1

Based on the expected percentage inflation (increase) in the standard error of the beta value corresponding to “Average Number of Employees who have Worked” due to “Total Number of Working Days” if a model with only these two variables is built for predicting “Average Electricity Consumed”, which of the following statements is/are TRUE (choose all that is applicable)?

Select all that apply.

  1. A

    The t-statistic corresponding to the “Beta value of Average Number of Employees who have Worked” will increase. Hence, the corresponding NULL HYPOTHESIS will be REJECT

  2. B

    The t-statistic corresponding to the “Beta value of Average Number of Employees who have Worked” will increase. Hence, the corresponding NULL HYPOTHESIS will NOT BE REJECTED

  3. C

    The t-statistic corresponding to the “Beta value of Total Number of Working Days” will increase. Hence, the corresponding NULL HYPOTHESIS will be REJECT

  4. D

    The t-statistic corresponding to the “Beta value of Total Number of Working Days” will increase. Hence, the corresponding NULL HYPOTHESIS will NOT be REJECT

Show answer

Correct answers

  • B

    The t-statistic corresponding to the “Beta value of Average Number of Employees who have Worked” will increase. Hence, the corresponding NULL HYPOTHESIS will NOT BE REJECTED

  • D

    The t-statistic corresponding to the “Beta value of Total Number of Working Days” will increase. Hence, the corresponding NULL HYPOTHESIS will NOT be REJECT

Question 9

+1 markOne or more correct options

The computed p-value of a chi-square goodness-of-fit test is 0.167. 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

    Cannot conclude only based on the P-value and Significance Level. Need the computed Chi-Square value as well.

Show answer

Correct answers

  • B

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

  • D

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

Question 10

+1 markOne correct option

Say you build a multiple regression model using 6 independent variables and 20 data points. This is called Model-1. The R-Square for Model-1 is 94%. You then decide to add four more variables (such that the sample size is still 20) to the model and develop a new model called Model-2. The R- Squared for Model-2 is 95%. Then which of the following statements is/are TRUE?

  1. A

    Model-1 is better as it has lower R-Squared

  2. B

    Model-1 is better as it has lower Adjusted R-Square

  3. C

    Model-1 is better as it has higher Adjusted R-Square

  4. D

    Model-2 is better as it has higher R-Square

  5. E

    Model-2 is better as it has lower Adjusted R-Square

  6. F

    Model-2 is better as it has higher Adjusted R-Square

  7. G

    None of these

Show answer

Correct answer

  • C

    Model-1 is better as it has higher Adjusted R-Square

Question 11

+1.5 marksOne correct option

The Following Question is Purely Hypothetical
Your family is seeking an alliance for you and has found three matrimonial services “X”, “Y” and “Z”. Assume that the enrolment in the matrimonial services is mutually exclusive. A market survey indicates that 40% of total enrolments are in “X”, 35% are in “Y” and the remaining are in “Z”. The market survey also indicates that 25% of registrations in “X” find a suitable match, 40% in “Y” find a suitable match, and 30% in “Z” find a suitable match. Recently, your family has heard the news that a relative “P” has not found a suitable match after enrolling in one of the matrimonial services. Then which matrimonial service would you suspect “P” to have enrolled in?

  1. A

    Z

  2. B

    Y

  3. C

    X

  4. D

    Cannot say as I am already married (This is not the correct answer to this question. Just relax, think and choose from the other three)

Show answer

Correct answer

  • C

    X

Question 12

+1 markNumerical answer

The Following Comprehension and Related Questions are Purely Hypothetical
A manufacturer produces lenses for sunglasses. In a given day, a total of 100 products were produced. Products produced can have anywhere between no scratches to 3 scratches. From past experience, it is seen that the lenses break if it has more than 3 scratches. Broken lenses are not included in the 100 units which are provided to you. On examining the 100 units, the below Table- 2 on the products with scratches is determined. Based on the production lot of 100 units (given sample), you are asked to check if the “Number of Scratches on produced lenses” follows a Poisson Distribution. Given this information, answer the given subquestions.

What would be the mean of the distribution, if you want to check the hypothesis “The number of scratches on a produced lens follows a Poisson Distribution”? [Note: Enter your answer rounded to two decimal places. For example, if your answer is 1.235 then enter the answer as “1.24”]

Show answer

Correct answer: 1.4 (accepted within ±0.1)

Question 13

+0.5 marksOne correct option

The Following Comprehension and Related Questions are Purely Hypothetical
A manufacturer produces lenses for sunglasses. In a given day, a total of 100 products were produced. Products produced can have anywhere between no scratches to 3 scratches. From past experience, it is seen that the lenses break if it has more than 3 scratches. Broken lenses are not included in the 100 units which are provided to you. On examining the 100 units, the below Table- 2 on the products with scratches is determined. Based on the production lot of 100 units (given sample), you are asked to check if the “Number of Scratches on produced lenses” follows a Poisson Distribution. Given this information, answer the given subquestions.

Which of the following is the correct PMF formula for a Poisson Distribution?

  1. A
  2. B
  3. C
  4. D
  5. E
Show answer

Correct answer

  • A

Question 14

+0.5 marksNumerical answer

The Following Comprehension and Related Questions are Purely Hypothetical
A manufacturer produces lenses for sunglasses. In a given day, a total of 100 products were produced. Products produced can have anywhere between no scratches to 3 scratches. From past experience, it is seen that the lenses break if it has more than 3 scratches. Broken lenses are not included in the 100 units which are provided to you. On examining the 100 units, the below Table- 2 on the products with scratches is determined. Based on the production lot of 100 units (given sample), you are asked to check if the “Number of Scratches on produced lenses” follows a Poisson Distribution. Given this information, answer the given subquestions.

How many (count) of degrees of freedom will be presented for the computed test statistic for this problem if you want to check the hypothesis “The number of scratches on a produced lens follows a Poisson Distribution”?

Show answer

Correct answer: 2

Question 15

+3 marksNumerical answer

The Following Comprehension and Related Questions are Purely Hypothetical
A manufacturer produces lenses for sunglasses. In a given day, a total of 100 products were produced. Products produced can have anywhere between no scratches to 3 scratches. From past experience, it is seen that the lenses break if it has more than 3 scratches. Broken lenses are not included in the 100 units which are provided to you. On examining the 100 units, the below Table- 2 on the products with scratches is determined. Based on the production lot of 100 units (given sample), you are asked to check if the “Number of Scratches on produced lenses” follows a Poisson Distribution. Given this information, answer the given subquestions.

What is the value of the computed test statistic for the test to be performed if you want to check the hypothesis “The number of scratches on a produced lens follows a Poisson Distribution”? [Note: Enter your answer rounded to two decimal places. For example, if your answer is 1.235 then enter the answer as “1.24”]

Show answer

Correct answer: 5.35 (accepted within ±0.15)

Question 16

+1 markOne or more correct options

The Following Comprehension and Related Questions are Purely Hypothetical
A manufacturer produces lenses for sunglasses. In a given day, a total of 100 products were produced. Products produced can have anywhere between no scratches to 3 scratches. From past experience, it is seen that the lenses break if it has more than 3 scratches. Broken lenses are not included in the 100 units which are provided to you. On examining the 100 units, the below Table- 2 on the products with scratches is determined. Based on the production lot of 100 units (given sample), you are asked to check if the “Number of Scratches on produced lenses” follows a Poisson Distribution. Given this information, answer the given subquestions.

Based on the computed test statistic for the test to be performed, using Figure-2, at a significance level of 10% what will be concluded (choose all that are correct)?

ν\α\nu \backslash \alpha.995.990.975.950.900.500.100.050.025.010.005
1.00+.00+.00+.00+.02.452.713.845.026.637.88
2.01.02.05.10.211.394.615.997.389.2110.60
3.07.11.22.35.582.376.257.819.3511.3412.84
4.21.30.48.711.063.367.789.4911.1413.2814.86
5.41.55.831.151.614.359.2411.0712.8315.0916.75
6.68.871.241.642.205.3510.6512.5914.4516.8118.55
7.991.241.692.172.836.3512.0214.0716.0118.4820.28
81.341.652.182.733.497.3413.3615.5117.5320.0921.96
91.732.092.703.334.178.3414.6816.9219.0221.6723.59
102.162.563.253.944.879.3415.9918.3120.4823.2125.19

Figure-2: Chi-Square Table

Select all that apply.

  1. A

    Reject the Null Hypothesis

  2. B

    Do not Reject the Null Hypothesis

  3. C

    Reject the Alternative Hypothesis

  4. D

    Do not Reject the Alternative Hypothesis

  5. E

    Accept the Null Hypothesis

  6. F

    Accept the Alternative Hypothesis

Show answer

Correct answer

  • A

    Reject the Null Hypothesis

Question 17

+1 markNumerical answer

Assume that you have trained a logistic regression model on a training dataset containing features X1 and X2. The coefficients obtained and threshold are given in Table 1.

Predict the target variable (y_pred) in the test dataset (Table 2) using the available information.

X1X2
34
-1.52
-2-1.5
47
55
-23.6
-34

Table 2: Test Dataset

y_act
1
1
1
0
0
0
1

Table 3: Actual Target Variable

Based on the available information, answer the given subquestions:

What is the accuracy of the logistic regression model?
[Note: Enter your answer in decimal rounded to four decimal places. For example, if your answer is 0.635450, then enter the answer as “63.5450”]

Show answer

Correct answer: 57.15 (accepted within ±0.05)

Question 18

+1.5 marksNumerical answer

Assume that you have trained a logistic regression model on a training dataset containing features X1 and X2. The coefficients obtained and threshold are given in Table 1.

Predict the target variable (y_pred) in the test dataset (Table 2) using the available information.

X1X2
34
-1.52
-2-1.5
47
55
-23.6
-34

Table 2: Test Dataset

y_act
1
1
1
0
0
0
1

Table 3: Actual Target Variable

Based on the available information, answer the given subquestions:

What is the precision of class 1?
[Note: Enter your answer in decimal rounded to four decimal places. For example, if your answer is 0.635450, then enter the answer as “63.5450”]

Show answer

Correct answer: 66.68 (accepted within ±0.03)

Question 19

+1.5 marksNumerical answer

Assume that you have trained a logistic regression model on a training dataset containing features X1 and X2. The coefficients obtained and threshold are given in Table 1.

Predict the target variable (y_pred) in the test dataset (Table 2) using the available information.

X1X2
34
-1.52
-2-1.5
47
55
-23.6
-34

Table 2: Test Dataset

y_act
1
1
1
0
0
0
1

Table 3: Actual Target Variable

Based on the available information, answer the given subquestions:

What is the recall of class 1?
[Note: Enter your answer in decimal rounded to four decimal places. For example, if your answer is 0.635450, then enter the answer as “63.5450”]

Show answer

Correct answer: 50

Question 20

+1.5 marksNumerical answer

Assume that you have trained a logistic regression model on a training dataset containing features X1 and X2. The coefficients obtained and threshold are given in Table 1.

Predict the target variable (y_pred) in the test dataset (Table 2) using the available information.

X1X2
34
-1.52
-2-1.5
47
55
-23.6
-34

Table 2: Test Dataset

y_act
1
1
1
0
0
0
1

Table 3: Actual Target Variable

Based on the available information, answer the given subquestions:

What is the precision of class 0?
[Note: Enter your answer in decimal rounded to four decimal places. For example, if your answer is 0.635450, then enter the answer as “63.5450”]

Show answer

Correct answer: 50

Question 21

+1.5 marksNumerical answer

Assume that you have trained a logistic regression model on a training dataset containing features X1 and X2. The coefficients obtained and threshold are given in Table 1.

Predict the target variable (y_pred) in the test dataset (Table 2) using the available information.

X1X2
34
-1.52
-2-1.5
47
55
-23.6
-34

Table 2: Test Dataset

y_act
1
1
1
0
0
0
1

Table 3: Actual Target Variable

Based on the available information, answer the given subquestions:

What is the recall of class 0?
[Note: Enter your answer in decimal rounded to four decimal places. For example, if your answer is 0.635450, then enter the answer as “63.5450”]

Show answer

Correct answer: 66.68 (accepted within ±0.03)

Question 22

+1.5 marksOne or more correct options

Assume that you have trained a logistic regression model on a training dataset containing features X1 and X2. The coefficients obtained and threshold are given in Table 1.

Predict the target variable (y_pred) in the test dataset (Table 2) using the available information.

X1X2
34
-1.52
-2-1.5
47
55
-23.6
-34

Table 2: Test Dataset

y_act
1
1
1
0
0
0
1

Table 3: Actual Target Variable

Based on the available information, answer the given subquestions:

What is the correct interpretation of the coefficient β1? (Select all that apply)

Select all that apply.

  1. A

    If the X1 increases by 1 unit, the log of odds of the positive outcome increases by 0.6 assuming X2 to be constant.

  2. B

    If the X1 increases by 1 unit, the odds of the positive increase by 82% (e ^(0.6)= 1.82) assuming X2 to be constant.

  3. C

    Higher values of X1 are associated with an increased likelihood of the positive outcome

  4. D

    None of these

Show answer

Correct answers

  • A

    If the X1 increases by 1 unit, the log of odds of the positive outcome increases by 0.6 assuming X2 to be constant.

  • B

    If the X1 increases by 1 unit, the odds of the positive increase by 82% (e ^(0.6)= 1.82) assuming X2 to be constant.

  • C

    Higher values of X1 are associated with an increased likelihood of the positive outcome

Question 23

+1.5 marksOne or more correct options

Assume that you have trained a logistic regression model on a training dataset containing features X1 and X2. The coefficients obtained and threshold are given in Table 1.

Predict the target variable (y_pred) in the test dataset (Table 2) using the available information.

X1X2
34
-1.52
-2-1.5
47
55
-23.6
-34

Table 2: Test Dataset

y_act
1
1
1
0
0
0
1

Table 3: Actual Target Variable

Based on the available information, answer the given subquestions:

What is the correct interpretation of the coefficient β2? (Select all that apply)

Select all that apply.

  1. A

    If the X2 increases by 1 unit, the log of odds decreases by 0.65, assuming X1 to be constant.

  2. B

    If the X2 increases by 1 unit, the odds decrease by 48% (e^(−0.65) ≈ 0.52), assuming X1 to be constant.

  3. C

    Higher values of X2 are associated with a decreased likelihood of the positive outcome.

  4. D

    None of these

Show answer

Correct answers

  • A

    If the X2 increases by 1 unit, the log of odds decreases by 0.65, assuming X1 to be constant.

  • B

    If the X2 increases by 1 unit, the odds decrease by 48% (e^(−0.65) ≈ 0.52), assuming X1 to be constant.

  • C

    Higher values of X2 are associated with a decreased likelihood of the positive outcome.

Question 24

+2 marksNumerical answer

There are six business units. There are two outputs and one input under consideration. You are solving the optimization problem for business unit 3, and you find that the efficiency is 0.9. You see that the dual variables corresponding to the constraints of business units 2 and 5 are non- zero, and the dual variables corresponding to the constraints of other units are zero. The dual variables corresponding to the constraints of business units 2 and 5 are 0.55 and 0.35, respectively. Based on Table 4, answers the given subquestions.
Hint: At every step, round off your answers to 4 decimal places.

How much will the Output 1 in HCU 3?
[Note: Enter your answer in decimal rounded to four decimal places. For example, if your answer is 1000.63545, then enter the answer as “1000.6355”]

Show answer

Correct answer: 6916.5 (accepted within ±1.5)

Question 25

+2 marksNumerical answer

There are six business units. There are two outputs and one input under consideration. You are solving the optimization problem for business unit 3, and you find that the efficiency is 0.9. You see that the dual variables corresponding to the constraints of business units 2 and 5 are non- zero, and the dual variables corresponding to the constraints of other units are zero. The dual variables corresponding to the constraints of business units 2 and 5 are 0.55 and 0.35, respectively. Based on Table 4, answers the given subquestions.
Hint: At every step, round off your answers to 4 decimal places.

How much will the Output 2 in HCU 3?
[Note: Enter your answer in decimal rounded to four decimal places. For example, if your answer is 1000.63545, then enter the answer as “1000.6355”]

Show answer

Correct answer: 27.7 (accepted within ±0.2)

Question 26

+1.5 marksOne correct option

We are interested in understanding the efficiency of 5 Sales Offices. Each of the Sales Offices has an approved budget and a team size for achieving a fixed target of 10,00,000. As a Business Analyst, you must formulate a DEA problem using Linear programming for the Sales Office 2. Answer the given subquestions using the Table below.

What is the objective function?

  1. A
  2. B
  3. C
  4. D
  5. E
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Correct answer

  • C

Question 27

+1.5 marksOne correct option

We are interested in understanding the efficiency of 5 Sales Offices. Each of the Sales Offices has an approved budget and a team size for achieving a fixed target of 10,00,000. As a Business Analyst, you must formulate a DEA problem using Linear programming for the Sales Office 2. Answer the given subquestions using the Table below.

What is the type constraint?

  1. A
  2. B
  3. C
  4. D
Show answer

Correct answer

  • A

Question 28

+1.5 marksOne or more correct options

We are interested in understanding the efficiency of 5 Sales Offices. Each of the Sales Offices has an approved budget and a team size for achieving a fixed target of 10,00,000. As a Business Analyst, you must formulate a DEA problem using Linear programming for the Sales Office 2. Answer the given subquestions using the Table below.

Which of them is not a constraint for the LP problem pertaining to Sales Office 2? (Select all that apply)

Select all that apply.

  1. A
  2. B
  3. C
  4. D
  5. E
  6. F
Show answer

Correct answer

  • F

Question 29

+1 markNumerical answer

You are in the process of selecting an ideal car when a lot of options are available. For example, the three brands that have been on top of your mind are: Maruti, Hyundai, and Volkswagen. Similarly, there are 2 engine options that are highly efficient: 1000 CC and 1500 CC. Lastly, the type of automatic gearbox is another important variable in deciding the ideal car. There are 3 gearbox options available: AMT, AT and DSC. Also, assume that Maruti is the least preferred brand, and assume AMT is the least preferred gearbox. Based on the inputs available, you build a regression model, and the coefficients are given below in Figure 1.

SUMMARY OUTPUT

Regression Statistics
Multiple R0.976
R Square0.952
Adjusted R Square0.932
Standard Error0.667
Observations18

ANOVA

dfSSMSFSignificance F
Regression5105.166666721.0333333347.3251.73991E-07
Residual125.3333333330.444444444
Total17110.5
CoefficientsStandard Errort StatP-valueLower 95%Upper 95%Lower 95.0%Upper 95.0%
Intercept1.3330.3853.4640.0050.4952.1720.4952.172
Hyundai1.1670.3853.0310.0100.3282.0050.3282.005
Volkwagen1.8330.3854.7630.0000.9952.6720.9952.672
1500 CC Engine2.3330.3147.4250.0001.6493.0181.6493.018
AT Gearbox4.8330.38512.5570.0003.9955.6723.9955.672
DSG Gearbox2.1670.3855.6290.0001.3283.0051.3283.005

Figure 1: Regression Summary

Based on the above data, answer the given subquestions.

What is the part worth to customers if he/she upgrades from Maruti to Volkswagen?
[Note: Enter your answer in decimal rounded to four decimal places. For example, if your answer is 1000.63545, then enter the answer as “1000.6355”]

Show answer

Correct answer: 1.833 (accepted within ±0.001)

Question 30

+2 marksNumerical answer

You are in the process of selecting an ideal car when a lot of options are available. For example, the three brands that have been on top of your mind are: Maruti, Hyundai, and Volkswagen. Similarly, there are 2 engine options that are highly efficient: 1000 CC and 1500 CC. Lastly, the type of automatic gearbox is another important variable in deciding the ideal car. There are 3 gearbox options available: AMT, AT and DSC. Also, assume that Maruti is the least preferred brand, and assume AMT is the least preferred gearbox. Based on the inputs available, you build a regression model, and the coefficients are given below in Figure 1.

SUMMARY OUTPUT

Regression Statistics
Multiple R0.976
R Square0.952
Adjusted R Square0.932
Standard Error0.667
Observations18

ANOVA

dfSSMSFSignificance F
Regression5105.166666721.0333333347.3251.73991E-07
Residual125.3333333330.444444444
Total17110.5
CoefficientsStandard Errort StatP-valueLower 95%Upper 95%Lower 95.0%Upper 95.0%
Intercept1.3330.3853.4640.0050.4952.1720.4952.172
Hyundai1.1670.3853.0310.0100.3282.0050.3282.005
Volkwagen1.8330.3854.7630.0000.9952.6720.9952.672
1500 CC Engine2.3330.3147.4250.0001.6493.0181.6493.018
AT Gearbox4.8330.38512.5570.0003.9955.6723.9955.672
DSG Gearbox2.1670.3855.6290.0001.3283.0051.3283.005

Figure 1: Regression Summary

Based on the above data, answer the given subquestions.

How much is the weightage provided by the customer for the Brand?
[Note: Enter your answer in decimal rounded to four decimal places. For example, if your answer is 0.635450, then enter the answer as “63.5450”]

Show answer

Correct answer: 20.37 (accepted within ±0.02)

Question 31

+2 marksNumerical answer

You are in the process of selecting an ideal car when a lot of options are available. For example, the three brands that have been on top of your mind are: Maruti, Hyundai, and Volkswagen. Similarly, there are 2 engine options that are highly efficient: 1000 CC and 1500 CC. Lastly, the type of automatic gearbox is another important variable in deciding the ideal car. There are 3 gearbox options available: AMT, AT and DSC. Also, assume that Maruti is the least preferred brand, and assume AMT is the least preferred gearbox. Based on the inputs available, you build a regression model, and the coefficients are given below in Figure 1.

SUMMARY OUTPUT

Regression Statistics
Multiple R0.976
R Square0.952
Adjusted R Square0.932
Standard Error0.667
Observations18

ANOVA

dfSSMSFSignificance F
Regression5105.166666721.0333333347.3251.73991E-07
Residual125.3333333330.444444444
Total17110.5
CoefficientsStandard Errort StatP-valueLower 95%Upper 95%Lower 95.0%Upper 95.0%
Intercept1.3330.3853.4640.0050.4952.1720.4952.172
Hyundai1.1670.3853.0310.0100.3282.0050.3282.005
Volkwagen1.8330.3854.7630.0000.9952.6720.9952.672
1500 CC Engine2.3330.3147.4250.0001.6493.0181.6493.018
AT Gearbox4.8330.38512.5570.0003.9955.6723.9955.672
DSG Gearbox2.1670.3855.6290.0001.3283.0051.3283.005

Figure 1: Regression Summary

Based on the above data, answer the given subquestions.

How much is the weightage provided by the customer for the Engine?
[Note: Enter your answer in decimal rounded to four decimal places. For example, if your answer is 0.635450, then enter the answer as “63.5450”]

Show answer

Correct answer: 25.93 (accepted within ±0.03)

Question 32

+2 marksNumerical answer

You are in the process of selecting an ideal car when a lot of options are available. For example, the three brands that have been on top of your mind are: Maruti, Hyundai, and Volkswagen. Similarly, there are 2 engine options that are highly efficient: 1000 CC and 1500 CC. Lastly, the type of automatic gearbox is another important variable in deciding the ideal car. There are 3 gearbox options available: AMT, AT and DSC. Also, assume that Maruti is the least preferred brand, and assume AMT is the least preferred gearbox. Based on the inputs available, you build a regression model, and the coefficients are given below in Figure 1.

SUMMARY OUTPUT

Regression Statistics
Multiple R0.976
R Square0.952
Adjusted R Square0.932
Standard Error0.667
Observations18

ANOVA

dfSSMSFSignificance F
Regression5105.166666721.0333333347.3251.73991E-07
Residual125.3333333330.444444444
Total17110.5
CoefficientsStandard Errort StatP-valueLower 95%Upper 95%Lower 95.0%Upper 95.0%
Intercept1.3330.3853.4640.0050.4952.1720.4952.172
Hyundai1.1670.3853.0310.0100.3282.0050.3282.005
Volkwagen1.8330.3854.7630.0000.9952.6720.9952.672
1500 CC Engine2.3330.3147.4250.0001.6493.0181.6493.018
AT Gearbox4.8330.38512.5570.0003.9955.6723.9955.672
DSG Gearbox2.1670.3855.6290.0001.3283.0051.3283.005

Figure 1: Regression Summary

Based on the above data, answer the given subquestions.

How much is the weightage provided by the customer for the Gearbox?
[Note: Enter your answer in decimal rounded to four decimal places. For example, if your answer is 0.635450, then enter the answer as “63.5450”]

Show answer

Correct answer: 53.7 (accepted within ±0.05)