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Business Analytics · Quiz 1 · 27 Oct 2024 · September 2024 term

Question 15: If a total of 500 applications have been granted a visa,…

Question 15

+1.5 marksNumerical answer

You want to apply for a student visa to country “X”. You can do this through any one of the five application centres, “A”, “B”, “C”, “D” or “E”. To determine which application centre to choose, you collect data. Currently, the embassy has decided to receive 15% of the applications from centre A, 10% from centre B, 25% each from centres C, D and E. Historically, 60% of the applications that come from centre A have been granted the visa, and 80% of the applications from centre B have been granted the visa. Centres C, D and E each had a 50-50 chance of granting a visa or not granting a visa respectively. Then answer the given subquestions.

If a total of 500 applications have been granted a visa, then how many would you expect to have come from centres “C”, “D” and “E” (totally from the three centres)? (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”)

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Correct answer: 187.5 (accepted within ±0.5)

Question 15 of 16 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 1 paper sat on 27 Oct 2024, in the September 2024 term (IIT M DIPLOMA AN EXAM QDD2 27 Oct 2024). It carries 1.5 marks.

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