Quiz Space

Business Analytics · Quiz 1 · 25 Feb 2024 · January 2024 term

Question 18: If a total of 550 applications are expected to be receiv…

Question 18

+1 markNumerical answer

The application for the degree “Master in Being Useless (MBU)” has begun at “Star University (SU)”. The applicants to SU are from three professional categories namely “TV Watcher”, “Mobile Gamer” and “Procrastinator”. The previous year admissions indicate that 20% of the total applications are Procrastinators, 40% are Mobile Gamers and the rest are TV Watchers.
When examining past applications submitted by the three professional categories, it is seen that the applications are either “Fully Completed”, “Half Completed” or “Blank”. It is observed that among the “Mobile Gamer” applications that are received, 30% are “Fully Completed” and 60% is “Half Completed”. For TV Watcher applications that are received, 40% are “Half Completed” and 20% are “Blank”. Among all received Procrastinator applications, 50% have submitted “Blank” applications and 40% have submitted “Half Completed” applications.
Assuming the necessary mutual exclusiveness, answer the given subquestions.

If a total of 550 applications are expected to be received for the upcoming admission, then how many would you expect to be “Blank”?
(Note: Enter the answer rounded to two decimal places. For example, if the answer is “1.234”, then enter it as “1.23”. DO NOT ENTER PERCENTAGE VALUES)

Show answer

Correct answer: 121

Question 18 of 20 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 1 paper sat on 25 Feb 2024, in the January 2024 term (IIT M DIPLOMA AN2 EXAM QDD2 25 Feb 2024). It carries 1 mark.

More questions from this paper

  1. Q1From the Figure-1, which of the below statements are true?
  2. Q2The p-value of the chi-square goodness of fit test represents
  3. Q3Which of the following distributions is/are symmetric in nature (select all that are applicable)?
  4. Q4A data set with 450 data points provides information on 13 variables. Chi-square goodness of fit test is conducted on a…
  5. Q5What is the elasticity of this curve when the price is Rs.100?\ (Note: Enter the answer rounded to two decimal places. …
  6. Q6What is the satiating price for this curve?\ (Note: Enter the answer rounded to two decimal places. For example, if the…
  7. Q7Using the excel regression output given in Figure-2 answer the given sub questions. SUMMARY OUTPUT | Regression Statist…
  8. Q8Using the excel regression output given in Figure-2 answer the given sub questions. SUMMARY OUTPUT | Regression Statist…
  9. Q9Using the excel regression output given in Figure-2 answer the given sub questions. SUMMARY OUTPUT | Regression Statist…
  10. Q10Using the excel regression output given in Figure-2 answer the given sub questions. SUMMARY OUTPUT | Regression Statist…
  11. Q11Which of the following statements are true? (choose all that is applicable)
  12. Q12What is the elasticity between any two points of the given demand response curve?\ (Note-1: Do not assume that it is li…
  13. Q13Based on the computed elasticity, what kind of demand is being exhibited by the product?
  14. Q14You are given the following contingency table (Table-1) based on sample data where different cities and their brand pre…
  15. Q15You are given the following contingency table (Table-1) based on sample data where different cities and their brand pre…
  16. Q16You are given the following contingency table (Table-1) based on sample data where different cities and their brand pre…
  17. Q17What is the probability that an application for the coming admission will be “Fully Completed”? (Note: Enter the answer…
  18. Q19SU is planning spend money on advertising to increase applications. Once the advertising is completed, a total of 600 a…
  19. Q20Recently, you saw a person applying to “SU”. The person had submitted the application “Half Completed”. Then which cate…