IGNOU MMPC-005 December 2024 Previous Year Question Paper

Q1.“Different issues arise while analysing decision problems under uncertain conditions of outcomes.” Explain the concept of decision theory and certain key issues involved in decision theory.

Q4.What do you understand by non -probability sampling methods ? Explain the various types of non-probability sampling. [ 4 ]

Q5.“Time series analysis is one of the most powerful methods in use, especially for short - term forecasting purposes.” Comment on the statement. Also, explain in brief the decomposition method.

Q6.Write short notes on any three of the following :

(a) Skewness

(b) Binomial Distribution

(c) Type 1 error

(d) The Correlation Coefficient

(e) Cluster Sampling

Q7.A multiple choice quiz has 200 questions, each with 4 possible answers, out of which only one is correct. What is the probability (using normal approximation to binomial distribution) that [ 5 ] MMPC–005 sheer guess work yields from 25 to 30 correct answers for 80 problems (out of the 200 problems) about which the student has no knowledge ? (Tabulated Z value at 2.58 = 0.4951 and Tabulated Z value at 1.29 = 0.4015).

Q8.Explain the various diagrams and graphs that can be used for charting a frequency distribution.