Page 94 - DCOM203_DMGT204_QUANTITATIVE_TECHNIQUES_I

Unit 5: Collection of Data

16. Ansal Builders is engaged in the construction of a multistory building. It has recently Notes
conducted a cost audit. The manager (cost accounting) has collected the figures of total cost
and its major constituents. The information collected as percentage of expenditure is
shown below. Represent the data with the help of a suitable diagram.

Item Expenditure %
Wages 25
Bricks 15
Cement 20
Steel 15
Wood 10
Supervison and Misc 15

Answers: Self Assessment

1. execution 2. editing of data
3. editing 4. considerations

5. primary, secondary 6. more
7. much higher 8. True
9. False 10. True
11. True 12. True

13. False 14. True
15. False 16. (b)
17. (a) 18. (a)

5.7 Further Readings

Books Balwani Nitin, Quantitative Techniques, First Edition: 2002. Excel Books, New Delhi.
Bhardwaj R S., Business Statistics, Excel Books.

Garrett H.E (1956), Elementary Statistics, Longmans, Green & Co., New York.
Guilford J.P. (1965), Fundamental Statistics in Psychology and Education, McGraw
Hill Book Company, New York.

Selvaraj R, Loganathan, C Quantitative Methods in Management.
Stockton and Clark, Introduction to Business and Economic Statistics, D.B. Taraporevala
Sons and Co. Private Limited, Bombay.

Online links http://en.wikipedia.org/wiki/Data_collection
http://www.balancedscorecard.org/Portals/0/PDF/datacoll.pdf
http://www.mathsisfun.com/data/univariate-bivariate.html

http://msdn.microsoft.com/en-us/library/bb677179.aspx

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