IGNOU MEC 103 Solved Assignment English Medium 2022-23

Free MEC 103 Solved Assignment English Medium 2022-23 for July 2022 and January 2023 Session, All IGNOU Assignments (Programme Wise) · Master's Degree Programmes · Bachelor's Degree Programmmes · P.G. Diplomaa Programmes · Diploma Programmes · Certificate Programmes. IGNOU Assignment 2022-23 (UPDATED) Get Here. IGNOU Assignment Status 2022-23, Marks, Grade Card, Practical Submission

M.E.C – 103

QUANTITATIVE METHODS MEC 103 Solved Assignment 2022-23

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Assignment I

Answer the following questions in about 700 words each.

1. (i) “Analysis of economic relationships often requires inclusion of a large number of interrelated variables into the model. Linear algebra provides tools of solving simultaneous equations with the aid of matrices and determinants means for their concise presentation and solution mechanism”. In the light of this statement, explain the concept of matrix and determinants.

(ii) Discuss the properties of determinants. Use examples to elaborate your response.

2. We can derive some fundamental distributions with the help of Normal distribution. Enlist these fundamental distributions and explain each one of them in detail.

Assignment - II

Answer the following questions in about 400 words each.

3. Under the simple regression analysis there are different methods of estimation. One of them is the Ordinary Least Square (OLS) method of estimation. Explain this method in detail.

4. A good estimator should satisfy certain criteria. Discuss these criteria with illustration.

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5. (i) Enlist the properties of a binomial distribution. Find the probability of getting 8 heads and 5 tails in 13 tosses of an unbiased coin.

(ii) In a steel factory, on an average, there are 6 defects per 10 square feet of steel sheet produced. If we assume a poisson distribution, what is the probability that and 18 square feet of steel sheet will have at least 7 defects?

(iii) The height distribution of a group of 10,000 men is normal with mean height 63.5" and standard deviation 3.5. Find the number of men whose height is (a) less than 54.5" and (b) more than 74.5".

6. Explain the concept of indefinite integral with the help of examples. Discuss any two economic applications of indefinite integral.

7. Write short notes on the following:

(i) Types of Sampling

(ii) Critical values

(iii) Probability Density Function

(iv) Cramer’s rule

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