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QUANTITATIVE TECHNIQUES ASSIGNMENT

CASE STUDY TOPIC 1. LIQUIFIED PETROLEUM GAS Year 1990-1991 1991-1992 1992-1993 1993-1994 1994-1995 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2014-2015 Quantity(in million metric tonnes) 2.42 2.65 2.87 3.11 3.43 3.84 3.3 4.8 5.35 6.42 7.02 7.73 8.35 9.27 10.27 11.37 12.57 13.88 15.31 16.86 27.16

Q1. Prepare detailed report using descriptive statistics on the marketing aspects of LPG Descriptive statistics describe the main features of a collection of data quantitatively. It include, Central of Tendency, Measure of Dispersion

Year 1990-1991 1991-1992 1992-1993 1993-1994 1994-1995 1995-1996 1996-1997 1997-1998 1998-1999 1999-2000 2000-2001 2001-2002 2002-2003 2003-2004 2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 2014-2015

Quantity(in million metric tonnes)(f) 2.42 2.65 2.87 3.11 3.43 3.84 3.3 4.8 5.35 6.42 7.02 7.73 8.35 9.27 10.27 11.37 12.57 13.88 15.31 16.86 27.16 177.98

dx=XD=x8.47 7.02 6.05 4.6 5.83 4.37 5.6 4.15 5.36 3.91 5.04 3.59 4.63 3.18 5.17 3.72 3.67 2.22 3.34 1.67 2.05 0.6 1.45 0 0.74 0.71 0.12 1.33 0.88 2.25 1.8 3.25 2.9 4.35 4.1 5.55 5.41 6.86 6.84 8.29 8.39 9.84 18.69 20.14

98.06

94.58

We can calculate Central of tendency and measure of Dispersion by an INDIVIDUAL SERIES METHOD. 1. Mean: Mmean is the sum of the values divided by the number of values

The mean of above table is 8.47

2. Median: The median is the middle value of a series. The formula of Median is SIZE OF (N+1)/2 OBSERVATIONS N= No of observation

The median of above table is 7.02 3. Mode: The mode is the number that is repeated most often. There is No repetitive frequency in above table, there is no Mode 4. Range: The difference between the largest and the smallest value in the dataset is called range. The Formula of Range is L-S L= Largest value S= Smallest Value The Range in above table is 24.74 5. Coefficient of Range: It is relative measure of dispersion and is based on the value of range. It is also called range coefficient of dispersion. The formula of coefficient of range is L-S/L+S The Coefficient of Range of above table is 0.836 6. Coefficient of Mean deviation: The coefficient of Mean Deviation is 0.55 7. Standard Deviation: Standard deviation is a statistical measure of spread or variability. The formula Of Standard Deviation is X = Individual score M = Mean of all scores N = Sample size (Number of scores) The Standard Deviation of above Table is 6.01 8. Variance: The Square of the standard deviation. The formula of variance is Variance = s2 The Variance ofabove table is 36.22

Q2.Specify the kind (level) of data with regard to the ranking of lead players in the market as show in below table

Company IOC HPC GAIL ONGC BPCL OTHER

Share (%) 40 20 13 12 11 4

The ordinary data given in the table is already ranked on percentage of share basis in the market.

Q.3 Questionnaire from four regions of the country East-12 West-34 North-30 South-24

east,12
north, 30

south24

west34

First we describe the Positive effect of product 1.Is L.P.G available in every part of India? A)Yes B) No Ans. YES 2. Does L.P.G considerd as a best fuel for kitchen? A)Yes B) No Ans. YES 3. Do you think L.P.G gives a good mileage in vehicles as compare to other fuels? A)Yes B) No Ans. YES 4. Do you think L.P.G is more economical than petrol and diesel? A)Yes B) No Ans. YES

5. According to you L.P.G is environment friendly. A)Yes B)No Ans. YES

Now considering the Negative features;


1. Is L.P.G safe for use in public transport vehicles? A)Yes B) No Ans. NO 2. Is L.P.G preferred over C.N.G? A)Yes B) No Ans. NO

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