Q1. Even though there are many auto rickshaw manufactures,
two companies Bajaj and M&M, control the market in Maharashtra. If both the
companies make similar design changes in their auto rickshaws in a year, their
market shares will remain unchanged. Similarly if neither of them goes for any
changes, then also their market shares will remain constant. But if incase one
company goes for a design change and other doesn’t then the market shares are
going to change, the payoff matrix for increase or decrease in market share
under different possible scenarios is given below:
Find the value of the game. What changes should M&M
consider if this information is only available to it? (10 Marks)
Q2. Using suitable examples discuss the difference between
simple linear regression and logistic regression. (10 Marks)
Q3. To assemble a “Drone”, Mukesh has laid out the seven
major activities involved. The activities are labeled as A through G in the
following table, which also shows their various completion times (in Hrs) and
immediate predecessor of each activity.
a. Determine the expected time and variance for each activity. ( 5
Marks)
b. Determine the critical path for the project. What is the probability
of completing the project in less than 25 hours? (5 Marks)
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